BlueSpruce Investments LP Sells 753,605 Shares of Adobe Inc. $ADBE

BlueSpruce Investments LP lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 99.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,256 shares of the software company’s stock after selling 753,605 shares during the quarter. Adobe accounts for about 0.0% of BlueSpruce Investments LP’s investment portfolio, making the stock its 18th biggest holding. BlueSpruce Investments LP’s holdings in Adobe were worth $873,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ADBE. Schmidt P J Investment Management Inc. lifted its stake in Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock valued at $344,000 after acquiring an additional 25 shares during the period. VanderPol Investments L.L.C. raised its holdings in shares of Adobe by 5.2% during the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after purchasing an additional 27 shares during the last quarter. Rise Advisors LLC lifted its position in Adobe by 7.0% during the first quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after purchasing an additional 27 shares during the period. FSM Wealth Advisors LLC boosted its holdings in Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after purchasing an additional 30 shares during the last quarter. Finally, Intellus Advisors LLC boosted its holdings in Adobe by 1.6% in the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after purchasing an additional 30 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $356.43 on Friday. The company has a market capitalization of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.29 and a beta of 1.54. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $474.91. The firm’s 50 day simple moving average is $336.07 and its two-hundred day simple moving average is $357.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Thursday. Morgan Stanley cut their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday. Redburn Partners set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. Wells Fargo & Company cut their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Finally, Citigroup reduced their target price on shares of Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $413.19.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

Adobe Profile

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.