Triglav Investments D.O.O. Decreases Stock Holdings in Adobe Inc. $ADBE

Triglav Investments D.O.O. lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,265 shares of the software company’s stock after selling 174 shares during the period. Triglav Investments D.O.O.’s holdings in Adobe were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares during the period. Onyx Bridge Wealth Group LLC boosted its holdings in Adobe by 119.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 1,153 shares of the software company’s stock worth $442,000 after acquiring an additional 627 shares during the period. Avantax Planning Partners Inc. grew its position in Adobe by 6.7% in the first quarter. Avantax Planning Partners Inc. now owns 2,963 shares of the software company’s stock valued at $1,136,000 after acquiring an additional 186 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Adobe by 132.2% during the first quarter. Brookstone Capital Management now owns 11,046 shares of the software company’s stock valued at $4,236,000 after purchasing an additional 6,288 shares during the period. Finally, Impax Asset Management Group plc lifted its position in shares of Adobe by 3.6% during the first quarter. Impax Asset Management Group plc now owns 2,267 shares of the software company’s stock worth $869,000 after purchasing an additional 78 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ADBE shares. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Citigroup lowered their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Royal Bank Of Canada dropped their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 price target on shares of Adobe in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. One investment 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of ADBE stock opened at $340.31 on Friday. The stock has a market capitalization of $142.45 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.51 and a beta of 1.49. Adobe Inc. has a one year low of $327.50 and a one year high of $557.90. The company’s 50-day simple moving average is $350.67 and its 200-day simple moving average is $368.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Adobe’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. Equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.