China Universal Asset Management Co. Ltd. Lowers Stock Position in Adobe Inc. $ADBE

China Universal Asset Management Co. Ltd. trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 18.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,582 shares of the software company’s stock after selling 3,229 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Adobe were worth $5,641,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its holdings in Adobe by 6.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 43,321 shares of the software company’s stock valued at $16,760,000 after purchasing an additional 2,463 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Adobe during the second quarter worth $3,379,000. Neuberger Berman Group LLC grew its stake in shares of Adobe by 0.6% in the second quarter. Neuberger Berman Group LLC now owns 120,580 shares of the software company’s stock valued at $46,650,000 after buying an additional 735 shares in the last quarter. Promus Capital LLC grew its stake in shares of Adobe by 16.5% in the second quarter. Promus Capital LLC now owns 3,769 shares of the software company’s stock valued at $1,458,000 after buying an additional 535 shares in the last quarter. Finally, Stance Capital LLC purchased a new stake in shares of Adobe in the 2nd quarter valued at $1,272,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 1.7%

NASDAQ ADBE opened at $356.43 on Friday. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $474.91. The firm has a 50 day moving average of $336.07 and a two-hundred day moving average of $357.48. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $149.20 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The business 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 company’s revenue for the quarter was up 10.5% on a year-over-year basis. 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. As a group, research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADBE shares. Piper Sandler dropped their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Morgan Stanley lowered 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 note on Thursday. Wolfe Research cut their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Finally, Oppenheimer dropped their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $413.19.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

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.