Ownership Capital B.V. Lowers Stock Holdings in Adobe Inc. $ADBE

Ownership Capital B.V. trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 89.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,793 shares of the software company’s stock after selling 198,377 shares during the quarter. Adobe accounts for 4.7% of Ownership Capital B.V.’s portfolio, making the stock its 12th biggest holding. Ownership Capital B.V.’s holdings in Adobe were worth $8,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ADBE. Pilgrim Partners Asia Pte Ltd purchased a new stake in Adobe during the 3rd quarter valued at about $56,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of Adobe by 19.8% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 17,516 shares of the software company’s stock worth $6,179,000 after buying an additional 2,900 shares in the last quarter. Clark Financial Services Group Inc. BD boosted its stake in Adobe by 92.9% during the 3rd quarter. Clark Financial Services Group Inc. BD now owns 1,655 shares of the software company’s stock valued at $584,000 after purchasing an additional 797 shares during the last quarter. National Wealth Management Group LLC purchased a new stake in Adobe during the 3rd quarter valued at $261,000. Finally, Callahan Advisors LLC increased its holdings in shares of Adobe by 19.2% in the 3rd quarter. Callahan Advisors LLC now owns 27,669 shares of the software company’s stock worth $9,760,000 after purchasing an additional 4,450 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Adobe 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 directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade 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 through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Adobe Stock Performance

Shares of ADBE opened at $304.72 on Tuesday. Adobe Inc. has a 52 week low of $288.33 and a 52 week high of $465.70. The stock has a market cap of $125.09 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.18 and a beta of 1.53. The business has a 50-day simple moving average of $330.69 and a two-hundred day simple moving average of $343.59. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on ADBE. Wolfe Research dropped their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Wells Fargo & Company dropped their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Adobe has an average rating of “Hold” and an average price target of $397.19.

About Adobe

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.