SGL Investment Advisors Inc. Has $3.75 Million Stock Holdings in Adobe Inc. $ADBE

SGL Investment Advisors Inc. decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,799 shares of the software company’s stock after selling 990 shares during the period. Adobe comprises 1.8% of SGL Investment Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. SGL Investment Advisors Inc.’s holdings in Adobe were worth $3,746,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its holdings in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Adobe by 68.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Nuveen LLC acquired a new position in Adobe in the first quarter valued at about $607,443,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Adobe by 1,482.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock worth $498,000 after buying an additional 1,216,351 shares during the last quarter. Finally, Amundi increased its holdings in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after buying an additional 961,895 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ADBE. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Robert W. Baird raised their target price on Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Melius downgraded shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a research report on Monday, August 11th. Finally, TD Cowen lowered their price objective on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $350.14 on Tuesday. 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 Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The stock has a market capitalization of $146.57 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.55 and a beta of 1.49. The business has a 50-day moving average price of $352.83 and a two-hundred day moving average price of $371.88.

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

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.