Avenir Corp Invests $29.25 Million in Adobe Inc. $ADBE

Avenir Corp bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 75,600 shares of the software company’s stock, valued at approximately $29,248,000. Adobe comprises approximately 3.0% of Avenir Corp’s investment portfolio, making the stock its 12th largest position.

Other large investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $2,097,289,000 after purchasing an additional 126,688 shares in the last quarter. Norges Bank bought a new stake in shares of Adobe during the 2nd quarter valued at about $2,029,950,000. Amundi increased its position in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after buying an additional 961,895 shares during the period. Invesco Ltd. raised its stake in Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after buying an additional 610,215 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Adobe by 17.6% in 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 during the period. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on 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 directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is owned by insiders.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $356.43 on Friday. The firm’s 50-day moving average price is $336.07 and its 200-day moving average price is $357.87. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $474.91. The company has a market cap of $149.20 billion, a PE ratio of 21.33, a PEG ratio of 1.29 and a beta of 1.54. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the company earned $4.81 earnings per share. The firm’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. As a group, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ADBE. Morgan Stanley reduced their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday. Stifel Nicolaus reduced their price target on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler decreased their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Wolfe Research dropped their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Mizuho reduced their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $413.19.

Adobe Company 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.