Ameriprise Financial Inc. Trims Stock Holdings in Adobe Inc. $ADBE

Ameriprise Financial Inc. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 23.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,151,063 shares of the software company’s stock after selling 663,362 shares during the quarter. Ameriprise Financial Inc.’s holdings in Adobe were worth $832,004,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research cut their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday. UBS Group reiterated a “neutral” rating and set a $375.00 price target on shares of Adobe in a research note on Thursday. Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Adobe in a research note on Thursday. 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $413.19.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Up 1.7%

NASDAQ ADBE opened at $356.43 on Friday. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $474.91. The firm has a 50 day moving average of $336.07 and a two-hundred day moving average of $357.87. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $149.20 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.54.

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