Trexquant Investment LP Sells 7,582 Shares of Adobe Inc. $ADBE

Key Points

• Trexquant Investment LP reduced its stake in Adobe Inc. by 6.9%, selling 7,582 shares in the first quarter, leaving them with 102,769 shares valued at approximately $39.4 million.
• Adobe reported $5.06 EPS for the quarter, exceeding estimates and achieving a net margin of 30.39%, with revenue reaching $5.87 billion, up 10.6% year-over-year.
• Analysts have set a consensus price target of $467.58 for Adobe, with ratings ranging from Strong Buy to Sell, reflecting mixed sentiments in the market.

Trexquant Investment LP cut its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,769 shares of the software company's stock after selling 7,582 shares during the quarter. Adobe makes up approximately 0.5% of Trexquant Investment LP's investment portfolio, making the stock its 17th largest holding. Trexquant Investment LP's holdings in Adobe were worth $39,415,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Itau Unibanco Holding S.A. raised its position in shares of Adobe by 1,354.0% in the first quarter. Itau Unibanco Holding S.A. now owns 6,194 shares of the software company's stock valued at $2,376,000 after purchasing an additional 5,768 shares during the period. Joho Capital LLC raised its position in shares of Adobe by 15.5% in the first quarter. Joho Capital LLC now owns 219,400 shares of the software company's stock valued at $84,146,000 after purchasing an additional 29,500 shares during the period. Landscape Capital Management L.L.C. raised its position in shares of Adobe by 14.4% in the first quarter. Landscape Capital Management L.L.C. now owns 8,689 shares of the software company's stock valued at $3,332,000 after purchasing an additional 1,094 shares during the period. MYDA Advisors LLC raised its position in shares of Adobe by 390.9% in the first quarter. MYDA Advisors LLC now owns 5,400 shares of the software company's stock valued at $2,071,000 after purchasing an additional 4,300 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Adobe by 1.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 348,303 shares of the software company's stock valued at $133,585,000 after purchasing an additional 5,971 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Price Performance

ADBE stock opened at $356.35 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The firm has a market cap of $151.16 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.68 and a beta of 1.51. The company's 50-day moving average price is $364.81 and its two-hundred day moving average price is $388.37.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 EPS 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 firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the firm earned $4.48 EPS. The business's quarterly revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADBE has been the topic of several research analyst reports. Evercore ISI reissued an "outperform" rating and issued a $475.00 price objective on shares of Adobe in a research report on Friday, June 13th. BMO Capital Markets reaffirmed an "outperform" rating and set a $450.00 price target on shares of Adobe in a research report on Friday, June 13th. Rothschild & Co Redburn lowered shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research report on Wednesday, July 2nd. Mizuho lowered their price target on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Finally, Robert W. Baird raised their price target on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe has an average rating of "Moderate Buy" and a consensus target price of $467.58.

About Adobe

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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