Adobe Inc. $ADBE Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,006 shares of the software company’s stock after selling 6,000 shares during the quarter. General American Investors Co. Inc.’s holdings in Adobe were worth $7,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Adobe in the second quarter worth about $2,029,950,000. Franklin Resources Inc. grew its stake in shares of Adobe by 68.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after purchasing an additional 791,077 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Adobe by 218.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after purchasing an additional 736,682 shares in the last quarter. Invesco Ltd. lifted its stake 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 purchasing an additional 610,215 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in 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 buying an additional 548,903 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.2%

Shares of Adobe stock opened at $304.72 on Tuesday. Adobe Inc. has a 1 year low of $288.33 and a 1 year high of $465.70. The company has a market cap of $125.09 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.18 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $330.69 and a 200 day moving average price of $343.59.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADBE has been the subject of a number of recent research reports. Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. TD Cowen reduced their target price on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, December 11th. BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Finally, Barclays reiterated an “overweight” rating and issued a $415.00 target price on shares of Adobe in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average target price of $397.19.

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.