Epoch Investment Partners Inc. Has $102.10 Million Holdings in Adobe Inc. $ADBE

Epoch Investment Partners Inc. grew its stake in Adobe Inc. (NASDAQ:ADBE) by 12.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 263,912 shares of the software company’s stock after buying an additional 29,490 shares during the period. Epoch Investment Partners Inc.’s holdings in Adobe were worth $102,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new position in Adobe during the second quarter valued at about $2,029,950,000. Assenagon Asset Management S.A. grew 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 purchasing an additional 2,347,562 shares in the last quarter. Nuveen LLC bought a new stake in shares of Adobe during the first quarter valued at approximately $607,443,000. Amundi increased its position in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Adobe by 116.9% in the first quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after purchasing an additional 880,134 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADBE shares. Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Oppenheimer cut their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. UBS Group lowered their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Finally, DA Davidson reissued a “buy” rating and issued a $500.00 target price on shares of Adobe in a report on Thursday, November 20th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $425.85.

Adobe Price Performance

ADBE opened at $328.73 on Friday. Adobe Inc. has a one year low of $311.58 and a one year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $336.77 and its 200-day simple moving average is $360.66. The stock has a market capitalization 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.

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. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the company posted $4.65 EPS. Adobe’s revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS and its Q4 2025 guidance at 5.350-5.400 EPS. Sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value 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 trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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.