Plato Investment Management Ltd Lowers Position in Adobe Inc. $ADBE

Key Points

• Plato Investment Management Ltd has reduced its stake in Adobe Inc. by 12.5%, selling 1,888 shares, leaving it with 13,260 shares valued at approximately $5.14 million.
• Institutional ownership of Adobe is significant, with 81.79% of the stock held by various institutional investors, including RB Capital Management and Orin Green Financial.
• Analysts hold a mixed view on Adobe's stock, with a consensus rating of "Moderate Buy" and a price target around $446.74, though ratings range from "Strong Buy" to "Strong Sell".

Plato Investment Management Ltd trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,260 shares of the software company's stock after selling 1,888 shares during the quarter. Plato Investment Management Ltd's holdings in Adobe were worth $5,141,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Adobe by 0.4% during the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after purchasing an additional 171,547 shares during the period. Bank of New York Mellon Corp raised its position in shares of Adobe by 14.4% in the first quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock worth $2,504,685,000 after acquiring an additional 821,293 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company's stock worth $2,097,289,000 after acquiring an additional 126,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Adobe by 12.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,341,695 shares of the software company's stock worth $2,375,345,000 after acquiring an additional 600,146 shares during the period. Finally, Amundi raised its position in shares of Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company's stock worth $1,782,642,000 after acquiring an additional 961,895 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. Redburn Partners set a $280.00 price objective on shares of Adobe in a research report on Monday, September 1st. Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Redburn Atlantic downgraded shares of Adobe from a "hold" rating to a "strong sell" rating and decreased their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Royal Bank Of Canada decreased their price objective on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. Finally, Wall Street Zen upgraded shares of Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $435.63.

Adobe Stock Performance

NASDAQ ADBE traded down $1.19 during trading on Friday, reaching $349.36. The company's stock had a trading volume of 14,118,114 shares, compared to its average volume of 3,814,649. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $148.20 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.66 and a beta of 1.48. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The business's fifty day moving average price is $357.32 and its 200-day moving average price is $379.37.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 56.30%. Adobe's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.