Van Lanschot Kempen Investment Management N.V. Has $11.16 Million Position in Adobe Inc. $ADBE

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its holdings in Adobe Inc. by 45.3%, now owning 29,086 shares valued at approximately $11.16 million.
• Analysts have varying price targets for Adobe, with a consensus average of $467.58, while ratings include two "Strong Buy", fifteen "Buy", and three "Sell" recommendations.
• Adobe reported a quarterly EPS of $5.06, exceeding expectations, along with a revenue of $5.87 billion, reflecting a 10.6% year-over-year increase.

Van Lanschot Kempen Investment Management N.V. cut its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 45.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,086 shares of the software company's stock after selling 24,101 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Adobe were worth $11,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADBE. Siemens Fonds Invest GmbH boosted its holdings in shares of Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after buying an additional 39,888 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe in the 1st quarter valued at $26,000. SWAN Capital LLC acquired a new position in shares of Adobe during the 4th quarter valued at $28,000. Copia Wealth Management acquired a new position in shares of Adobe during the 4th quarter valued at $28,000. Finally, HHM Wealth Advisors LLC bought a new position in Adobe during the first quarter worth $30,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADBE. Evercore ISI reaffirmed an "outperform" rating and issued a $475.00 price target on shares of Adobe in a research note on Friday, June 13th. Citigroup reduced their target price on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $480.00 target price on shares of Adobe in a research report on Thursday, June 5th. DA Davidson reiterated a "buy" rating and issued a $500.00 price target on shares of Adobe in a report on Friday, June 20th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $467.58.

Adobe Stock Performance

Shares of ADBE opened at $361.03 on Wednesday. The firm has a market capitalization of $153.15 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.69 and a beta of 1.51. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The stock has a 50 day moving average price of $369.56 and a two-hundred day moving average price of $391.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter in the previous year, the firm earned $4.48 earnings per share. Adobe's quarterly 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 analysts forecast that Adobe Inc. will post 16.65 earnings per share 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.

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