28,690 Shares in Adobe Inc. $ADBE Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 28,690 shares of the software company’s stock, valued at approximately $11,100,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new stake in Adobe in the 1st quarter valued at $25,000. Flaharty Asset Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the first quarter valued at about $30,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Up 1.1%

Shares of NASDAQ:ADBE opened at $337.05 on Thursday. The stock has a market cap of $141.09 billion, a PE ratio of 21.00, a P/E/G ratio of 1.51 and a beta of 1.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $323.03 and a 12-month high of $557.90. The business has a 50 day moving average of $347.18 and a 200-day moving average of $367.65.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the firm posted $4.65 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of several research reports. Oppenheimer cut their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $520.00 to $450.00 in a report on Wednesday, September 24th. Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, Evercore ISI cut their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. One investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.