Adobe Inc. $ADBE Shares Bought by Saturna Capital Corp

Saturna Capital Corp lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 342,163 shares of the software company’s stock after purchasing an additional 603 shares during the quarter. Adobe comprises about 1.8% of Saturna Capital Corp’s holdings, making the stock its 20th biggest holding. Saturna Capital Corp’s holdings in Adobe were worth $132,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ADBE. Vanguard Group Inc. lifted its holdings in Adobe by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company’s stock worth $15,779,895,000 after buying an additional 171,547 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after acquiring an additional 126,688 shares in the last quarter. Amundi increased its position 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 acquiring an additional 961,895 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Adobe by 68.3% during the first 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. Finally, Deutsche Bank AG raised its stake in shares of Adobe by 6.8% in the first quarter. Deutsche Bank AG now owns 3,735,509 shares of the software company’s stock valued at $1,432,680,000 after acquiring an additional 238,542 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by corporate insiders.

Adobe Trading Down 0.2%

Shares of Adobe stock opened at $324.47 on Wednesday. Adobe Inc. has a 52-week low of $320.80 and a 52-week 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 simple moving average is $345.35 and its 200-day simple moving average is $366.32. The firm has a market cap of $135.82 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The firm’s revenue 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. As a group, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley cut Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Cowen reissued a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. Redburn Partners set a $280.00 target price on shares of Adobe in a report on Monday, September 1st. UBS Group decreased their price target on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Finally, Royal Bank Of Canada dropped their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average 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.