Vinva Investment Management Ltd Acquires 10,292 Shares of Adobe Inc. $ADBE

Vinva Investment Management Ltd boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 45.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,921 shares of the software company’s stock after buying an additional 10,292 shares during the period. Vinva Investment Management Ltd’s holdings in Adobe were worth $12,702,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Adobe by 0.4% during the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company’s stock worth $15,779,895,000 after acquiring an additional 171,547 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Adobe by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after purchasing an additional 126,688 shares during the period. Amundi grew its position in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Adobe by 68.3% during 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 buying an additional 1,856,544 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Adobe by 6.8% during the first quarter. Deutsche Bank AG now owns 3,735,509 shares of the software company’s stock worth $1,432,680,000 after buying an additional 238,542 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Insider Transactions at Adobe

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

Adobe Trading Down 0.6%

Shares of Adobe stock opened at $317.52 on Thursday. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $557.90. The stock has a market capitalization of $132.91 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The company has a 50-day simple moving average of $341.32 and a 200 day simple moving average of $363.71. 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 posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The company 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%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business 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. Research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ADBE shares. BMO Capital Markets reissued an “outperform” rating and set a $405.00 price objective on shares of Adobe in a report on Wednesday, October 29th. Evercore ISI decreased their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Wells Fargo & Company dropped their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Finally, Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $428.96.

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.