Adobe Inc. $ADBE Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,803 shares of the software company’s stock after selling 32,285 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Adobe were worth $36,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. LSV Asset Management boosted its position in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the last quarter. Nexus Investment Management ULC purchased a new position in shares of Adobe during the 2nd quarter worth $31,000. Horizon Financial Services LLC boosted its holdings in shares of Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the last quarter. Total Investment Management Inc. purchased a new stake in shares of Adobe in the second quarter valued at $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in Adobe in the third quarter valued at $35,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of research analyst reports. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Wolfe Research cut their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Finally, TD Cowen lowered their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $401.13.

Insider Activity at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $266.90 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a market cap of $109.56 billion, a PE ratio of 15.97, a P/E/G ratio of 1.06 and a beta of 1.51. The company’s fifty day simple moving average is $323.41 and its 200-day simple moving average is $337.66. Adobe Inc. has a 52 week low of $262.95 and a 52 week high of $465.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm 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, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Company 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.