Global X Japan Co. Ltd. Has $5.41 Million Position in Adobe Inc. $ADBE

Global X Japan Co. Ltd. boosted its stake in Adobe Inc. (NASDAQ:ADBEFree Report) by 40.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,334 shares of the software company’s stock after purchasing an additional 4,418 shares during the quarter. Adobe comprises about 0.5% of Global X Japan Co. Ltd.’s holdings, making the stock its 29th biggest position. Global X Japan Co. Ltd.’s holdings in Adobe were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Adobe by 2.4% in the 1st 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 buying an additional 126,688 shares in the last quarter. Norges Bank acquired a new stake in Adobe in the second quarter valued at approximately $2,029,950,000. Amundi grew its stake in Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares during the period. Invesco Ltd. raised its position in shares of Adobe by 16.1% during the second 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 period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Adobe by 17.6% during the second 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 period. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a report on Wednesday, December 17th. Citigroup upped their target price on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Cowen reaffirmed a “hold” rating on shares of Adobe in a report on Monday, December 8th. Finally, BMO Capital Markets reduced their price objective on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. 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 stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $417.93.

Read Our Latest Research Report on Adobe

Adobe Stock Performance

Adobe stock opened at $352.42 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The firm has a market capitalization of $147.52 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The company’s 50-day moving average is $337.43 and its 200 day moving average is $354.18.

Adobe (NASDAQ:ADBEGet Free Report) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the firm posted $4.81 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. 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 forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The stock was 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 in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Key Adobe News

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Adobe Profile

(Free Report)

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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