Headlands Technologies LLC Trims Stake in Adobe Inc. $ADBE

Headlands Technologies LLC lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 80.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,703 shares of the software company’s stock after selling 24,103 shares during the quarter. Headlands Technologies LLC’s holdings in Adobe were worth $2,206,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADBE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Adobe by 2.4% during 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 worth $2,097,289,000 after acquiring an additional 126,688 shares during the last quarter. Norges Bank purchased a new stake in Adobe in the 2nd quarter valued at $2,029,950,000. Amundi boosted its stake in Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after purchasing an additional 961,895 shares during the period. Invesco Ltd. grew its position in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Adobe by 17.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ADBE. Piper Sandler reduced their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Stifel Nicolaus reduced 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research report on Thursday. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Finally, Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. One investment 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. According to MarketBeat.com, Adobe presently 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 company’s 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Performance

NASDAQ ADBE opened at $356.43 on Friday. The stock has a market capitalization of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.31 and a beta of 1.54. The business’s 50 day moving average is $336.07 and its two-hundred day moving average is $357.48. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $474.91. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

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

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.