Adobe Inc. $ADBE Shares Bought by Point72 Europe London LLP

Key Points

• Point72 Europe London LLP significantly increased its stake in Adobe Inc., acquiring an additional 35,200 shares, raising its holdings by 328% to a total of 45,932 shares valued at approximately $17.6 million.
• Adobe's Q2 earnings report exceeded expectations, with an EPS of $5.06 against an estimate of $4.97, and revenue of $5.87 billion, marking a 10.6% increase year-over-year.
• Institutional investors hold 81.79% of Adobe's stock, with notable increases in positions from firms like Goldman Sachs (up 68.3%) and Bank of New York Mellon (up 14.4%) in the recent quarter.

Point72 Europe London LLP lifted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 328.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,932 shares of the software company's stock after acquiring an additional 35,200 shares during the quarter. Adobe accounts for 1.2% of Point72 Europe London LLP's holdings, making the stock its 29th biggest position. Point72 Europe London LLP's holdings in Adobe were worth $17,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADBE. Copia Wealth Management purchased a new position in Adobe during the fourth quarter valued at $28,000. SWAN Capital LLC purchased a new position in Adobe during the fourth quarter worth about $28,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe during the first quarter worth about $26,000. HHM Wealth Advisors LLC purchased a new position in Adobe during the first quarter worth about $30,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Adobe in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADBE shares. DA Davidson reissued a "buy" rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, June 20th. JMP Securities restated a "market perform" rating on shares of Adobe in a report on Monday, June 23rd. Robert W. Baird lifted their price objective on shares of Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Bank of America lifted their price objective on shares of Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Melius cut shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe currently has an average rating of "Moderate Buy" and an average target price of $459.52.

Adobe Trading Up 0.8%

Shares of Adobe stock traded up $2.87 during trading hours on Wednesday, hitting $348.50. The company's stock had a trading volume of 3,006,178 shares, compared to its average volume of 3,750,448. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The business has a fifty day moving average of $362.73 and a 200 day moving average of $384.96. The company has a market capitalization of $147.83 billion, a PE ratio of 22.30, a P/E/G ratio of 1.69 and a beta of 1.48. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.09. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Company Profile

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.