Adobe Inc. $ADBE Stock Position Decreased by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 41.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,356 shares of the software company’s stock after selling 38,595 shares during the period. NewEdge Wealth LLC’s holdings in Adobe were worth $18,574,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the period. Horizon Financial Services LLC increased its holdings in shares of Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Total Investment Management Inc. bought a new position in Adobe in the 2nd quarter worth about $35,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Adobe in the third quarter valued at approximately $35,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Adobe during the second quarter worth approximately $36,000. 81.79% of the stock is owned by institutional investors.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $263.17 on Thursday. The company has a market capitalization of $108.03 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $313.11 and a 200-day moving average of $332.89. Adobe Inc. has a one year low of $251.10 and a one year high of $463.61.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the firm earned $4.81 earnings per share. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. 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, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and lowered their target price for the company from $500.00 to $400.00 in a research report on Monday, January 5th. Barclays reissued an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research note on Friday, December 5th. HSBC set a $302.00 price objective on shares of Adobe in a report on Friday, February 13th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings cut shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $397.16.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.