Adobe Inc. $ADBE Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its stake in Adobe Inc. (NASDAQ:ADBE) by 1.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 36,766 shares of the software company’s stock after selling 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Adobe were worth $14,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. purchased a new position in shares of Adobe in the first quarter valued at approximately $34,000. PFG Advisors raised its stake in Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after purchasing an additional 855 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after purchasing an additional 730 shares in the last quarter. Financial Counselors Inc. lifted its holdings in Adobe by 9.2% in the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock valued at $24,105,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in Adobe during the 1st quarter worth $305,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Down 2.9%

Shares of NASDAQ ADBE opened at $337.51 on Monday. The company has a market capitalization of $141.28 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $351.67 and a 200-day simple moving average of $370.41. Adobe Inc. has a 1 year low of $330.04 and a 1 year 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, beating analysts’ consensus estimates 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 return on equity of 57.54% and a net margin of 30.01%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. BMO Capital Markets dropped their price objective on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Evercore ISI cut their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Finally, UBS Group dropped their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.