Corient Private Wealth LLC Lowers Stake in Adobe Inc. $ADBE

Corient Private Wealth LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,661 shares of the software company’s stock after selling 18,026 shares during the quarter. Corient Private Wealth LLC owned approximately 0.07% of Adobe worth $114,772,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 1248 Management LLC purchased a new position in Adobe in the first quarter valued at about $25,000. LSV Asset Management boosted its holdings in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the 1st quarter valued at about $29,000. Nexus Investment Management ULC purchased a new position in shares of Adobe in the 2nd quarter worth approximately $31,000. Finally, Horizon Financial Services LLC raised its stake in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ADBE shares. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. Wolfe Research lowered their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup reduced their target price on Adobe from $400.00 to $366.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Finally, BMO Capital Markets dropped their price target on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $417.15.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s 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 directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Performance

NASDAQ ADBE opened at $351.15 on Tuesday. The firm has a market capitalization of $146.99 billion, a P/E ratio of 21.01, a PEG ratio of 1.41 and a beta of 1.54. The stock has a 50-day simple moving average of $336.09 and a two-hundred day simple moving average of $356.66. 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 fifty-two week low of $311.58 and a fifty-two week high of $473.62.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping 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 firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the company earned $4.81 earnings per share. Adobe’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. On average, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

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.