Caxton Associates LLP Sells 162,210 Shares of Adobe Inc. $ADBE

Caxton Associates LLP lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 61.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,340 shares of the software company’s stock after selling 162,210 shares during the quarter. Adobe accounts for 1.0% of Caxton Associates LLP’s portfolio, making the stock its 14th biggest holding. Caxton Associates LLP’s holdings in Adobe were worth $39,593,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after acquiring an additional 126,688 shares in the last quarter. Norges Bank purchased a new stake in shares of Adobe in the 2nd quarter worth approximately $2,029,950,000. Amundi boosted its stake in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares in the last quarter. Invesco Ltd. increased its holdings in Adobe by 16.1% during the second 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. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after acquiring an additional 548,903 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.7%

Adobe stock 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 firm has a market cap 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 business’s 50-day moving average price is $336.07 and its 200 day moving average price is $357.48. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. The business 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%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In other Adobe 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 value of $50,344.12. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADBE. TD Cowen decreased their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. Morgan Stanley cut their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Mizuho dropped their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $413.19.

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.