Adobe Inc. $ADBE Shares Sold by FORA Capital LLC

FORA Capital LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 47.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,480 shares of the software company’s stock after selling 12,369 shares during the quarter. FORA Capital LLC’s holdings in Adobe were worth $5,215,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Lathrop Investment Management Co. increased its position in shares of Adobe by 2.8% during the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after purchasing an additional 718 shares during the last quarter. Mcdaniel Terry & Co. boosted its stake in Adobe by 2.8% during the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after buying an additional 1,093 shares during the period. Jackson Thornton Wealth Management LLC purchased a new position in Adobe during the second quarter worth about $328,000. Bourgeon Capital Management LLC raised its stake in shares of Adobe by 41.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after acquiring an additional 7,176 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of Adobe by 8.0% in the 2nd quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock worth $9,361,000 after acquiring an additional 1,794 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Trading Up 1.7%

NASDAQ:ADBE opened at $356.43 on Friday. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $474.91. The firm has a market cap of $149.20 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $336.07 and a 200 day moving average price of $357.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company 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. Sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ADBE. Redburn Partners set a $280.00 target price on shares of Adobe in a report on Monday, September 1st. Oppenheimer lowered their price target on Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a report on Thursday. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research note on Friday, December 5th. Finally, Jefferies Financial Group dropped their target price on Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average price target of $413.19.

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.