Temasek Holdings Private Ltd Reduces Holdings in Adobe Inc. $ADBE

Key Points

• Temasek Holdings has significantly decreased its stake in Adobe Inc. by 91.7%, reducing its shares from 149,641 to 12,416.
• Adobe reported a quarterly earnings per share of $5.06, surpassing estimates and achieving a revenue of $5.87 billion for the quarter.
• Analysts maintain a consensus rating of 'Moderate Buy' for Adobe with a target price of $452.67, reflecting a mix of bullish and cautious outlooks among equity research analysts.

Temasek Holdings Private Ltd trimmed its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 91.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,416 shares of the software company's stock after selling 137,225 shares during the quarter. Temasek Holdings Private Ltd's holdings in Adobe were worth $4,762,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADBE. Siemens Fonds Invest GmbH grew its holdings in Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after acquiring an additional 39,888 shares during the last quarter. 1248 Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at about $26,000. SWAN Capital LLC purchased a new position in shares of Adobe during the fourth quarter valued at about $28,000. Finally, Copia Wealth Management bought a new stake in Adobe during the 4th quarter valued at approximately $28,000. Institutional investors own 81.79% of the company's stock.

Adobe Stock Down 1.1%

ADBE stock traded down $3.90 during trading on Wednesday, hitting $350.16. 4,528,963 shares of the stock traded hands, compared to its average volume of 3,777,811. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $587.75. The firm's 50 day moving average is $359.07 and its two-hundred day moving average is $381.31. The stock has a market cap of $148.54 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADBE shares. Mizuho lowered their target price on Adobe from $530.00 to $460.00 and set an "outperform" rating for the company in a research note on Monday. Bank of America increased their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Barclays decreased their price target on shares of Adobe from $567.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, September 5th. Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. 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 given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $446.74.

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.