Engineers Gate Manager LP Increases Stock Holdings in Adobe Inc. $ADBE

Engineers Gate Manager LP lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 114.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 111,956 shares of the software company’s stock after acquiring an additional 59,725 shares during the period. Adobe makes up approximately 0.5% of Engineers Gate Manager LP’s investment portfolio, making the stock its 15th largest position. Engineers Gate Manager LP’s holdings in Adobe were worth $43,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in Adobe by 36.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 4,992 shares of the software company’s stock worth $1,915,000 after buying an additional 1,344 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Adobe by 1.0% in the first quarter. Sei Investments Co. now owns 420,328 shares of the software company’s stock worth $161,000 after acquiring an additional 4,227 shares during the last quarter. Providence Capital Advisors LLC lifted its position in shares of Adobe by 2.6% in the first quarter. Providence Capital Advisors LLC now owns 16,002 shares of the software company’s stock valued at $6,137,000 after acquiring an additional 408 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Adobe by 52.0% during the first quarter. Horizon Investments LLC now owns 12,847 shares of the software company’s stock valued at $4,927,000 after acquiring an additional 4,395 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADBE shares. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 target price on shares of Adobe in a research note on Wednesday, October 29th. Morgan Stanley cut their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Mizuho cut their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $413.19.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Adobe Stock Performance

Shares of ADBE stock opened at $356.43 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. The firm has a market capitalization of $149.20 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.54. Adobe Inc. has a one year low of $311.58 and a one year high of $474.91. The company has a 50 day moving average price of $336.07 and a 200 day moving average price of $357.87.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.