Adobe Inc. $ADBE Stake Increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its stake in Adobe Inc. by 12.6% in Q2, owning 263,912 shares worth $102.1 million. Other investors also increased their holdings. Analysts have mixed ratings on Adobe, with a consensus "Hold" rating and a target price of $425.85. Adobe's Q2 earnings beat estimates, with a net margin of 30.01% and revenue up 10.7% year-over-year. The stock opened at $328.73, with a market cap of $137.61 billion.

Epoch Investment Partners Inc. increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 12.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,912 shares of the software company's stock after buying an additional 29,490 shares during the quarter. Epoch Investment Partners Inc. owned 0.06% of Adobe worth $102,102,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other large investors have also recently bought and sold shares of ADBE. Baird Financial Group Inc. increased its holdings in shares of Adobe by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 73,281 shares of the software company's stock valued at $28,351,000 after purchasing an additional 985 shares during the period. First Trust Advisors LP grew its position in Adobe by 32.7% during the second quarter. First Trust Advisors LP now owns 620,376 shares of the software company's stock valued at $240,011,000 after purchasing an additional 152,776 shares in the last quarter. Guggenheim Capital LLC increased its stake in Adobe by 20.1% in the 2nd quarter. Guggenheim Capital LLC now owns 191,269 shares of the software company's stock valued at $73,998,000 after buying an additional 32,060 shares during the period. Kilter Group LLC acquired a new position in Adobe in the 2nd quarter valued at approximately $130,000. Finally, EverSource Wealth Advisors LLC lifted its position in Adobe by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,130 shares of the software company's stock worth $1,598,000 after buying an additional 1,386 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADBE shares. Cowen reaffirmed a "hold" rating on shares of Adobe in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Adobe in a research report on Wednesday, October 8th. TD Cowen cut their price target on Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research note on Friday, September 12th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $405.00 price objective on shares of Adobe in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $425.85.

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Adobe Stock Up 0.6%

ADBE opened at $328.73 on Friday. The firm has a market cap of $137.61 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. 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 moving average price of $336.77 and a 200 day moving average price of $360.66. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $557.90.

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Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The company's quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS and its Q4 2025 guidance at 5.350-5.400 EPS. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company's stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

About Adobe

(Free Report)

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.

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