Lombard Odier Asset Management Europe Ltd Has $972,000 Holdings in Adobe Inc. $ADBE

Lombard Odier Asset Management Europe Ltd lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 70.4% in the first quarter, HoldingsChannel reports. The fund owned 4,000 shares of the software company’s stock after selling 9,500 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Adobe were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in ADBE. State Street Corp lifted its holdings in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after purchasing an additional 352,448 shares during the last quarter. Geode Capital Management LLC grew its holdings in Adobe by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after buying an additional 414,049 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after buying an additional 563,772 shares in the last quarter. Norges Bank bought a new position in Adobe during the 4th quarter worth $2,275,165,000. Finally, Invesco Ltd. increased its position in Adobe by 6.2% during the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after buying an additional 297,337 shares during the period. Institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ADBE. CLSA started coverage on shares of Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $200.00 price target (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. HSBC raised Adobe from a “hold” rating to a “buy” rating and increased their price target for the stock from $282.00 to $308.00 in a research report on Thursday, July 2nd. Finally, Summit Redstone set a $350.00 price objective on Adobe in a report on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $271.30.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: TipRanks said Adobe looks attractive despite ongoing AI adoption worries, suggesting investors may be focusing on valuation and long-term fundamentals rather than short-term AI fears. Adobe (ADBE) Stock Looks Attractive Even as AI Worries Persist
• Positive Sentiment: CLSA reportedly initiated or reiterated a Moderate Buy rating on Adobe, which can support sentiment by signaling analyst confidence in the stock’s outlook. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Positive Sentiment: Recent coverage highlighted Adobe as a trending stock, which may reflect renewed investor attention and interest ahead of future catalysts. Here is What to Know Beyond Why Adobe Inc. (ADBE) is a Trending Stock
• Neutral Sentiment: One report said short interest in Adobe was unchanged at zero shares, so it does not indicate meaningful bearish pressure or a change in trading sentiment.
• Neutral Sentiment: A MarketWatch note said Adobe underperformed some peers on Wednesday, but this looks like a relative-performance observation rather than a major company-specific catalyst. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Negative Sentiment: The main headwind remains investor concern about AI adoption, which could be weighing on Adobe’s near-term multiple even as some analysts argue the stock looks attractive.

Adobe Stock Performance

Shares of ADBE opened at $225.11 on Monday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $376.16. The business’s fifty day moving average is $226.78 and its 200-day moving average is $251.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $89.48 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.76 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities analysts anticipate that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe declared that its Board of Directors has approved a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is currently owned by company insiders.

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.