E. Ohman J or Asset Management AB Has $6.35 Million Stake in Adobe Inc. $ADBE

E. Ohman J or Asset Management AB lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 77.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,014 shares of the software company’s stock after selling 63,644 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Adobe were worth $6,354,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares during the period. Quantbot Technologies LP acquired a new position in shares of Adobe during the 1st quarter valued at $59,000. WPG Advisers LLC bought a new position in Adobe during the first quarter worth $59,000. Magnetar Financial LLC grew its holdings in Adobe by 254.0% in the first quarter. Magnetar Financial LLC now owns 2,581 shares of the software company’s stock worth $990,000 after purchasing an additional 1,852 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Adobe by 88.3% in the first quarter. Evergreen Capital Management LLC now owns 6,069 shares of the software company’s stock valued at $2,328,000 after purchasing an additional 2,846 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADBE. Mizuho reduced their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. UBS Group set a $487.00 price objective on Adobe in a research note on Sunday, December 14th. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Wednesday, December 17th. Jefferies Financial Group cut their target price on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe has an average rating of “Hold” and an average target price of $417.93.

Adobe Trading Up 0.2%

Shares of Adobe stock opened at $353.80 on Friday. The company has a market capitalization of $148.10 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The stock has a fifty day simple moving average of $338.76 and a 200 day simple moving average of $353.29. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. 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 data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the firm earned $4.81 EPS. 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. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

About Adobe

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.