Adobe Inc. $ADBE Shares Sold by Allianz SE

Allianz SE lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,171 shares of the software company’s stock after selling 723 shares during the quarter. Allianz SE’s holdings in Adobe were worth $8,964,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ADBE. PFG Advisors boosted its position in shares of Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after purchasing an additional 855 shares in the last quarter. Lathrop Investment Management Co. lifted its stake in Adobe by 2.8% during the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after buying an additional 718 shares in the last quarter. Mcdaniel Terry & Co. increased its position in shares of Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after acquiring an additional 1,093 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Adobe during the second quarter valued at approximately $328,000. Finally, Koss Olinger Consulting LLC purchased a new stake in Adobe in the 1st quarter worth about $305,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

Shares of ADBE stock opened at $337.05 on Thursday. Adobe Inc. has a one year low of $323.03 and a one year high of $557.90. The company has a fifty day moving average price of $347.18 and a two-hundred day moving average price of $367.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $141.09 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.51 and a beta of 1.47.

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

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’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 completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADBE shares. Evercore ISI reduced their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. BMO Capital Markets restated an “outperform” rating and issued a $405.00 price target on shares of Adobe in a research report on Wednesday, October 29th. Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Friday, September 12th. Finally, Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $433.41.

Adobe Company Profile

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.