Quintet Private Bank Europe S.A. Trims Holdings in Adobe Inc. $ADBE

Key Points

• Quintet Private Bank Europe S.A. has reduced its holdings in Adobe Inc. by 3.9%, now owning 74,842 shares, which is valued at approximately $28.95 million.
• Adobe's shares were trading at $349.36 with a market cap of $148.20 billion and a debt-to-equity ratio of 0.53 as of the recent report.
• Despite recent downgrades from several analysts, Adobe has an average rating of "Moderate Buy" with a consensus target price of $435.63.

Quintet Private Bank Europe S.A. decreased its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,842 shares of the software company's stock after selling 3,073 shares during the period. Adobe comprises approximately 1.7% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 18th largest holding. Quintet Private Bank Europe S.A.'s holdings in Adobe were worth $28,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copia Wealth Management purchased a new position in shares of Adobe during the fourth quarter valued at $28,000. SWAN Capital LLC purchased a new position in shares of Adobe during the fourth quarter valued at $28,000. 1248 Management LLC purchased a new position in shares of Adobe during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe during the first quarter valued at $26,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Adobe during the first quarter valued at $29,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $349.36 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market cap of $148.20 billion, a PE ratio of 21.77, a P/E/G ratio of 1.65 and a beta of 1.48. The business has a 50-day simple moving average of $357.32 and a two-hundred day simple moving average of $378.97. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $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, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ADBE. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research note on Wednesday, July 2nd. Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research note on Monday, August 11th. Stifel Nicolaus cut their target price on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. JMP Securities reiterated a "market perform" rating on shares of Adobe in a research note on Friday. Finally, UBS Group cut their target price on Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a research note on Friday. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, Adobe currently has an average rating of "Moderate Buy" and a consensus target price of $435.63.

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.

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