SSA Swiss Advisors AG Buys New Stake in Adobe Inc. $ADBE

Key Points

• SSA Swiss Advisors AG purchased a new stake of 9,706 shares in Adobe Inc. valued at approximately $3.6 million during the 2nd quarter, making it the fund's 21st largest position.
• Adobe reported a quarterly earnings per share of $5.31, exceeding analysts' expectations, and its revenue increased by 10.7% year-over-year.
• Despite positive earnings, multiple analysts have recently downgraded Adobe's stock, with price targets falling significantly, indicating mixed sentiments about future performance.

SSA Swiss Advisors AG bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,706 shares of the software company's stock, valued at approximately $3,608,000. Adobe makes up 1.7% of SSA Swiss Advisors AG's portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in ADBE. 1248 Management LLC acquired a new position in shares of Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe during the 1st quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the 1st quarter worth $30,000. Finally, Nexus Investment Management ULC acquired a new position in Adobe in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

ADBE opened at $353.52 on Friday. The firm has a market cap of $147.98 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90. The company's 50-day moving average price is $351.71 and its 200 day moving average price is $368.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data 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 firm 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 57.54%. Adobe's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business 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, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ADBE shares. Melius lowered shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a report on Monday, August 11th. UBS Group cut their price objective on shares of Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. Wall Street Zen lowered shares of Adobe from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. JMP Securities reiterated a "market perform" rating on shares of Adobe in a report on Friday, September 12th. Finally, Redburn Atlantic lowered shares of Adobe from a "hold" rating to a "strong sell" rating and cut their price objective for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $433.41.

Adobe 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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