Adobe Inc. $ADBE Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC reduced its holdings in Adobe Inc. (NASDAQ:ADBE) by 57.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,093 shares of the software company’s stock after selling 11,011 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Adobe were worth $2,855,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ADBE. Norges Bank bought a new stake in shares of Adobe during the second quarter valued at about $2,029,950,000. Invesco Ltd. increased its stake in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after buying an additional 610,215 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Adobe by 17.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after buying an additional 548,903 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Adobe by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock worth $1,130,707,000 after acquiring an additional 24,333 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Adobe by 3.8% in the second quarter. Schroder Investment Management Group now owns 2,137,724 shares of the software company’s stock valued at $827,043,000 after acquiring an additional 78,186 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. Robert W. Baird set a $350.00 target price on Adobe in a report on Wednesday, January 14th. Wells Fargo & Company dropped their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. HSBC set a $302.00 price objective on Adobe in a report on Friday. Jefferies Financial Group cut shares of Adobe from a “buy” rating to a “hold” rating and dropped their price target for the stock from $500.00 to $400.00 in a research report on Monday, January 5th. Finally, Morgan Stanley cut their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. One investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $397.16.

Adobe Trading Up 0.6%

NASDAQ:ADBE opened at $263.97 on Tuesday. The stock has a fifty day simple moving average of $316.38 and a 200 day simple moving average of $334.00. The firm has a market capitalization of $108.36 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Adobe Inc. has a 1-year low of $251.10 and a 1-year high of $464.99. 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 data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the company earned $4.81 EPS. The business’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. Sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were 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 of the company’s stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.