Tredje AP fonden Has $50.96 Million Holdings in Adobe Inc. $ADBE

Tredje AP fonden boosted its position in Adobe Inc. (NASDAQ:ADBE) by 52.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,727 shares of the software company’s stock after buying an additional 45,238 shares during the quarter. Tredje AP fonden’s holdings in Adobe were worth $50,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADBE. Assenagon Asset Management S.A. grew its position in 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 position in shares of Adobe by 68.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock worth $1,754,954,000 after acquiring an additional 1,856,544 shares during the period. Nuveen LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $607,443,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Adobe by 1,482.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock worth $498,000 after acquiring an additional 1,216,351 shares during the period. Finally, Amundi lifted its position in shares of Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after acquiring an additional 961,895 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Price Performance

NASDAQ:ADBE opened at $340.31 on Friday. The firm has a market cap of $142.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $350.67 and its two-hundred day moving average price is $368.72.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results 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 net margin of 30.01% and a return on equity of 57.54%. 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 previous year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research reports. Oppenheimer reduced their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. 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. TD Cowen decreased their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research report on Friday, September 12th. Cowen reissued a “hold” rating on shares of Adobe in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and an average target price 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.