Anchor Investment Management LLC Reduces Position in Adobe Inc. $ADBE

Anchor Investment Management LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,795 shares of the software company’s stock after selling 1,987 shares during the period. Anchor Investment Management LLC’s holdings in Adobe were worth $5,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Schmidt P J Investment Management Inc. increased its holdings 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 worth $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% in the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after acquiring an additional 27 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Adobe by 7.0% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after acquiring an additional 27 shares during the last quarter. FSM Wealth Advisors LLC raised its position in shares of Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares in the last quarter. Finally, Intellus Advisors LLC lifted its holdings in shares of Adobe by 1.6% during the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after acquiring an additional 30 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Activity at Adobe

In related 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 completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TD Cowen reduced their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday. Stifel Nicolaus dropped their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho reduced their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday. Finally, Wolfe Research dropped their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $413.19.

Adobe Stock Performance

Shares of ADBE stock opened at $356.43 on Friday. The company has a market capitalization of $149.20 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe Inc. has a one year low of $311.58 and a one year high of $474.91. The company’s 50-day moving average is $336.07 and its 200 day moving average is $357.48.

Adobe (NASDAQ:ADBE) last issued its earnings results 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 net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the company earned $4.81 earnings per share. 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 expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe Company 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.