Adobe Inc. $ADBE Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,109 shares of the software company’s stock after selling 7,733 shares during the quarter. Flossbach Von Storch SE’s holdings in Adobe were worth $19,386,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in shares of Adobe by 218.5% during the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after buying an additional 736,682 shares during the period. 1ST Source Bank grew its holdings in Adobe by 12.2% during the 2nd quarter. 1ST Source Bank now owns 3,270 shares of the software company’s stock worth $1,265,000 after acquiring an additional 355 shares in the last quarter. GS Investments Inc. grew its holdings in Adobe by 2.4% during the 2nd quarter. GS Investments Inc. now owns 7,741 shares of the software company’s stock worth $2,995,000 after acquiring an additional 178 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Adobe by 357.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 8,726 shares of the software company’s stock valued at $3,376,000 after purchasing an additional 6,817 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Adobe by 13.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,366 shares of the software company’s stock valued at $21,033,000 after purchasing an additional 6,331 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $326.95 on Friday. The stock has a market cap of $136.86 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.51 and a beta of 1.47. Adobe Inc. has a twelve month low of $323.03 and a twelve month high of $557.90. The stock has a 50 day moving average of $348.22 and a two-hundred day moving average of $368.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the firm posted $4.65 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADBE shares. Oppenheimer lowered their target price on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Piper Sandler lowered their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Cowen reiterated a “hold” rating on shares of Adobe in a report on Wednesday, October 29th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. Finally, Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $433.41.

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.