Highland Capital Management LLC Raises Position in Adobe Inc. $ADBE

Highland Capital Management LLC boosted its position in Adobe Inc. (NASDAQ:ADBE) by 45.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,279 shares of the software company’s stock after purchasing an additional 4,123 shares during the period. Highland Capital Management LLC’s holdings in Adobe were worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Adobe during the 2nd quarter valued at $2,029,950,000. Assenagon Asset Management S.A. raised its stake in Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after acquiring an additional 2,347,562 shares during the period. Amundi raised its stake in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares during the period. AQR Capital Management LLC lifted its holdings in Adobe by 116.9% during 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 during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Adobe during the second quarter worth about $318,224,000. 81.79% of the stock is owned by institutional investors.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were 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 in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Adobe Trading Up 0.2%

Adobe stock opened at $353.03 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. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.70. The stock has a market cap of $147.78 billion, a P/E ratio of 21.13, a PEG ratio of 1.39 and a beta of 1.54. The firm’s fifty day moving average price is $338.35 and its 200-day moving average price is $354.16.

Adobe (NASDAQ:ADBE) last posted 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. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the company earned $4.81 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research report on Friday, December 5th. Piper Sandler lowered their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Redburn Partners set a $280.00 target price on Adobe in a research report on Monday, September 1st. TD Cowen reduced their price target on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Finally, Morgan Stanley dropped their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. One 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. According to data from MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus price target of $417.93.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.