Rogco LP Increases Stock Holdings in Adobe Inc. $ADBE

Rogco LP boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 14.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,394 shares of the software company’s stock after buying an additional 173 shares during the quarter. Rogco LP’s holdings in Adobe were worth $539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Adobe by 308.1% during 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 buying an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock valued at $1,754,954,000 after acquiring an additional 1,856,544 shares during the last quarter. Nuveen LLC purchased a new position in Adobe in the first quarter worth approximately $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased 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 acquiring an additional 1,216,351 shares during the last quarter. Finally, Amundi increased its stake in 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 last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent analyst reports. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Redburn Atlantic lowered shares of Adobe from a “hold” rating to a “strong sell” rating and reduced their price objective for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Mizuho cut shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Citigroup lowered their target price on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Finally, Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Price Performance

Shares of ADBE opened at $352.75 on Wednesday. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm’s 50 day moving average price is $354.68 and its 200 day moving average price is $373.21. The company has a market cap of $147.66 billion, a P/E ratio of 21.98, a PEG ratio of 1.61 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results 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 company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company 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. On average, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.