Stephens Inc. AR Has $15.83 Million Stock Holdings in Adobe Inc. $ADBE

Key Points

• Stephens Inc. AR has reduced its stake in Adobe Inc. by 13%, now holding shares worth approximately $15.83 million after selling 6,098 shares in the 2nd quarter.
• Institutional investors own 81.79% of Adobe's stock, with Vanguard Group and Goldman Sachs significantly increasing their stakes.
• Adobe's stock price opened at $333.26 with a market cap of $139.50 billion, following a reported earnings per share of $5.31, beating estimates.

Stephens Inc. AR lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,913 shares of the software company's stock after selling 6,098 shares during the period. Stephens Inc. AR's holdings in Adobe were worth $15,828,000 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. Vanguard Group Inc. grew its stake in shares of Adobe by 0.4% in the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock worth $15,779,895,000 after acquiring an additional 171,547 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 last quarter. Amundi grew its stake 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 last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock worth $1,754,954,000 after acquiring an additional 1,856,544 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ADBE shares. Barclays raised their price objective on shares of Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Royal Bank Of Canada reduced their target price on Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research report on Wednesday, July 2nd. DA Davidson reaffirmed a "buy" rating and issued a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Finally, Morgan Stanley cut Adobe from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $433.41.

Adobe Stock Up 1.2%

Shares of NASDAQ ADBE opened at $333.26 on Monday. The stock has a market cap of $139.50 billion, a PE ratio of 20.76, a PEG ratio of 1.49 and a beta of 1.49. The business has a fifty day moving average of $350.99 and a two-hundred day moving average of $368.76. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

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

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