National Pension Service Sells 3,061 Shares of Adobe Inc. $ADBE

National Pension Service lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 925,463 shares of the software company’s stock after selling 3,061 shares during the quarter. National Pension Service owned 0.22% of Adobe worth $358,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. 1248 Management LLC bought a new position in Adobe during the first quarter valued at $25,000. Flaharty Asset Management LLC purchased a new position in shares of Adobe during the 1st quarter worth about $29,000. HHM Wealth Advisors LLC bought a new position in Adobe during the 1st quarter valued at about $30,000. Nexus Investment Management ULC bought a new position in Adobe during the 2nd quarter valued at about $31,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position in Adobe by 44.9% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 price target on shares of Adobe in a report on Wednesday, October 29th. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Evercore ISI reduced their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. TD Cowen decreased their target price on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research report on Friday, September 12th. Finally, JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $333.22 on Wednesday. Adobe Inc. has a fifty-two week low of $323.03 and a fifty-two week high of $557.90. The company has a market cap of $139.49 billion, a PE ratio of 20.76, a P/E/G ratio of 1.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50-day simple moving average of $347.41 and a two-hundred day simple moving average of $367.86.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during 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%. Adobe’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

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.