Sava Infond d.o.o. Grows Position in Adobe Inc. $ADBE

Sava Infond d.o.o. boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,395 shares of the software company’s stock after purchasing an additional 300 shares during the quarter. Sava Infond d.o.o.’s holdings in Adobe were worth $3,635,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. 1248 Management LLC purchased a new stake in Adobe during the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the first quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe during the first quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe during the first quarter worth approximately $30,000. Finally, Garde Capital Inc. purchased a new stake in Adobe during the first quarter worth approximately $34,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADBE. Evercore ISI decreased their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Redburn Partners set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Bank of America boosted their target price on shares of Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, June 13th. Finally, Piper Sandler reduced their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Trading Down 1.3%

ADBE opened at $346.74 on Friday. The stock has a market capitalization of $145.15 billion, a PE ratio of 21.60, a P/E/G ratio of 1.58 and a beta of 1.49. The firm’s fifty day moving average price is $353.22 and its 200 day moving average price is $372.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90.

Adobe (NASDAQ:ADBE) last posted 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. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.65 earnings per share. 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, research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal 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.