Thematics Asset Management Has $7.44 Million Stock Position in Adobe Inc. $ADBE

Key Points

• Thematics Asset Management increased its stake in Adobe Inc. by 7.7%, bringing its total holdings to 19,394 shares worth approximately $7.44 million.
• Adobe reported earnings of $5.06 per share for the last quarter, surpassing analysts' estimates, with a year-over-year revenue increase of 10.6% to $5.87 billion.
• Analyst ratings vary, with the consensus rating of "Moderate Buy" and a price target averaging $467.58, despite some downgrades from firms like Melius and Redburn Atlantic.

Thematics Asset Management lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,394 shares of the software company's stock after purchasing an additional 1,381 shares during the quarter. Thematics Asset Management's holdings in Adobe were worth $7,438,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Garde Capital Inc. acquired a new position in shares of Adobe during the 1st quarter worth $34,000. PFG Advisors grew its stake in Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after buying an additional 855 shares during the last quarter. Krane Funds Advisors LLC grew its stake in Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after buying an additional 730 shares during the last quarter. Financial Counselors Inc. grew its stake in Adobe by 9.2% in the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after buying an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in Adobe in the 1st quarter valued at $305,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Performance

NASDAQ ADBE opened at $362.09 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $153.60 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.72 and a beta of 1.51. The company's fifty day moving average is $366.57 and its two-hundred day moving average is $389.64. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. DA Davidson reissued a "buy" rating and set a $500.00 price objective on shares of Adobe in a research report on Friday, June 20th. Redburn Atlantic cut 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 research report on Wednesday, July 2nd. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

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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