Adobe Inc. $ADBE Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 23.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,151,063 shares of the software company’s stock after selling 663,362 shares during the quarter. Ameriprise Financial Inc. owned 0.51% of Adobe worth $832,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADBE. 1248 Management LLC purchased a new stake in Adobe in the 1st quarter worth $25,000. LSV Asset Management grew its position in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the first quarter worth about $29,000. Nexus Investment Management ULC purchased a new stake in shares of Adobe during the second quarter worth about $31,000. Finally, Horizon Financial Services LLC raised its position in shares of Adobe by 4,000.0% during the 2nd 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. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ADBE shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a report on Thursday. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Citigroup reduced their price objective on Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. BMO Capital Markets restated an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a report on Wednesday, October 29th. Finally, Mizuho dropped their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $413.19.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Up 1.7%

Shares of ADBE opened at $356.43 on Friday. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $474.91. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $336.07 and a two-hundred day simple moving average of $357.87. The company has a market capitalization of $149.20 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 EPS. The company’s revenue 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 forecast that Adobe Inc. will post 16.65 EPS for the current year.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.