AQR Capital Management LLC Acquires 34,257 Shares of Adobe Inc. $ADBE

AQR Capital Management LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,667,046 shares of the software company’s stock after acquiring an additional 34,257 shares during the quarter. Adobe comprises 0.5% of AQR Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. AQR Capital Management LLC’s holdings in Adobe were worth $644,947,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADBE. Norges Bank acquired a new stake in Adobe during the second quarter worth approximately $2,029,950,000. Assenagon Asset Management S.A. increased its stake in shares of Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after purchasing an additional 2,347,562 shares during the period. Amundi boosted its stake in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Adobe in the 2nd quarter valued at $318,224,000. Finally, The Manufacturers Life Insurance Company increased its position in Adobe by 76.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,895,642 shares of the software company’s stock worth $727,038,000 after buying an additional 819,697 shares during the period. 81.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The shares were 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 $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $356.43 on Friday. Adobe Inc. has a one year low of $311.58 and a one year high of $474.91. 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 company has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.29 and a beta of 1.54. The firm has a 50 day simple moving average of $336.07 and a 200 day simple moving average of $357.87.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion during 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 business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $4.81 earnings per share. 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 predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADBE. Weiss Ratings reissued a “hold (c)” rating on shares of Adobe in a research report on Thursday. UBS Group restated a “neutral” rating and set a $375.00 target price on shares of Adobe in a research report on Thursday. TD Cowen lowered their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday. Finally, Wells Fargo & Company reduced their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $413.19.

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.