American Century Companies Inc. Sells 78,184 Shares of Adobe Inc. $ADBE

American Century Companies Inc. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 329,748 shares of the software company’s stock after selling 78,184 shares during the period. American Century Companies Inc. owned 0.08% of Adobe worth $127,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in ADBE. 1248 Management LLC purchased a new position in Adobe during the 1st quarter valued at approximately $25,000. LSV Asset Management raised its holdings in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe during the first quarter valued at $30,000. Finally, Nexus Investment Management ULC bought a new position in Adobe during the second quarter valued at $31,000. 81.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Adobe

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

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent research reports. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research report on Monday, August 11th. Cowen reissued a “hold” rating on shares of Adobe in a research note on Wednesday, October 29th. Royal Bank Of Canada dropped their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. TD Cowen decreased their price target on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $405.00 price objective on shares of Adobe in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $428.96.

Adobe Stock Down 1.7%

Shares of NASDAQ ADBE opened at $318.73 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $133.42 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.51 and a beta of 1.47. The stock has a 50 day moving average price of $342.88 and a 200 day moving average price of $364.49. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $557.90.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping 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 company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the business posted $4.65 EPS. Adobe’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. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe 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.