UniSuper Management Pty Ltd Buys 4,153 Shares of Adobe Inc. $ADBE

Key Points

• UniSuper Management Pty Ltd increased its stake in Adobe Inc. by 4.4%, acquiring an additional 4,153 shares, bringing its total ownership to 99,319 shares worth approximately $38 million.
• Institutional investors now hold 81.79% of Adobe's stock, with several hedge funds making significant increases in their stakes during the first quarter, including GAMMA Investing LLC which boosted its stake by 46,806.6%.
• Adobe reported strong quarterly earnings with $5.06 earnings per share, exceeding estimates and marking a year-over-year revenue increase of 10.6%.

UniSuper Management Pty Ltd grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,319 shares of the software company's stock after acquiring an additional 4,153 shares during the period. UniSuper Management Pty Ltd's holdings in Adobe were worth $38,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in Adobe in the first quarter worth about $34,000. PFG Advisors increased its position in Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after buying an additional 855 shares in the last quarter. Krane Funds Advisors LLC increased its position in Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after buying an additional 730 shares in the last quarter. Financial Counselors Inc. increased its position in Adobe by 9.2% in the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after buying an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Adobe in the first quarter worth about $305,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on ADBE shares. Barclays reduced their price target on Adobe from $567.00 to $460.00 and set an "overweight" rating for the company in a research report on Friday, September 5th. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Citigroup reduced their price target on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a research note on Monday, June 23rd. Finally, Robert W. Baird upped their price objective on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $446.74.

Adobe Price Performance

Adobe stock traded down $3.90 during midday trading on Wednesday, reaching $350.16. 4,528,963 shares of the stock traded hands, compared to its average volume of 3,777,811. The stock's fifty day moving average is $359.07 and its 200-day moving average is $381.31. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The stock has a market cap of $148.54 billion, a P/E ratio of 22.40, a PEG ratio of 1.70 and a beta of 1.48. 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 (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the company earned $4.48 earnings per share. 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. As a group, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current 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.