UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $2.10 Billion Holdings in Adobe Inc. $ADBE

Key Points

• UBS AM increased its holdings in Adobe Inc. by 2.4%, acquiring an additional 126,688 shares, bringing its total ownership to 5,468,383 shares worth approximately $2.1 billion.
• Several other large investors, including Vanguard and Goldman Sachs, also expanded their positions in Adobe during the first quarter, demonstrating strong institutional interest in the company.
• Adobe reported earnings per share of $5.06 for the last quarter, exceeding analyst expectations, with a revenue increase of 10.6% compared to the previous year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,468,383 shares of the software company's stock after acquiring an additional 126,688 shares during the quarter. Adobe makes up 0.5% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's holdings, making the stock its 29th largest holding. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.28% of Adobe worth $2,097,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ADBE. Brighton Jones LLC grew its holdings in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock worth $3,588,000 after acquiring an additional 167 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Adobe by 2.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock valued at $12,882,000 after buying an additional 756 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Adobe by 16.3% during the fourth quarter. CoreCap Advisors LLC now owns 414 shares of the software company's stock valued at $184,000 after buying an additional 58 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Adobe by 0.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 461,902 shares of the software company's stock valued at $205,410,000 after buying an additional 3,213 shares in the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Adobe during the fourth quarter valued at $40,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a report on Friday. JMP Securities reiterated a "market perform" rating on shares of Adobe in a report on Friday. Robert W. Baird lifted their price target on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Redburn Partners set a $280.00 price target on Adobe in a report on Monday, September 1st. Finally, TD Cowen lowered their price target on Adobe from $470.00 to $420.00 and set a "hold" rating on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.63.

Adobe Stock Down 0.3%

NASDAQ ADBE traded down $1.19 on Friday, reaching $349.36. The stock had a trading volume of 14,118,114 shares, compared to its average volume of 3,814,649. The business has a 50 day moving average price of $357.32 and a 200 day moving average price of $379.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The company has a market capitalization of $148.20 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.66 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 56.30% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.