Varenne Capital Partners Buys 2,841 Shares of Adobe Inc. $ADBE

Varenne Capital Partners lifted its position in Adobe Inc. (NASDAQ:ADBE) by 5.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,720 shares of the software company’s stock after purchasing an additional 2,841 shares during the period. Adobe accounts for about 3.5% of Varenne Capital Partners’ investment portfolio, making the stock its 12th biggest position. Varenne Capital Partners’ holdings in Adobe were worth $20,396,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADBE. Franklin Resources Inc. increased its stake in shares of Adobe by 68.9% during the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after buying an additional 791,077 shares during the period. Mediolanum International Funds Ltd increased its position in Adobe by 9.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 87,534 shares of the software company’s stock valued at $33,773,000 after purchasing an additional 7,617 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $62,823,000. AIMZ Investment Advisors LLC lifted its position in shares of Adobe by 29.6% in the 2nd quarter. AIMZ Investment Advisors LLC now owns 14,696 shares of the software company’s stock worth $5,686,000 after purchasing an additional 3,356 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Adobe by 369.2% during the second quarter. Hillsdale Investment Management Inc. now owns 19,088 shares of the software company’s stock valued at $7,385,000 after purchasing an additional 15,020 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Trading Down 1.8%

Adobe stock opened at $312.40 on Friday. 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 stock has a market cap of $130.77 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. The stock has a 50-day moving average of $343.95 and a two-hundred day moving average of $365.61. Adobe Inc. has a one year low of $312.09 and a one year high of $557.90.

Adobe (NASDAQ:ADBE) last posted 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. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Adobe in a report on Thursday. Oppenheimer dropped their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. TD Cowen reduced their price target on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research report on Friday, September 12th. UBS Group decreased their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $428.96.

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.