Adobe Inc. $ADBE Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its position in Adobe Inc. (NASDAQ:ADBE) by 80.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,703 shares of the software company’s stock after selling 24,103 shares during the quarter. Headlands Technologies LLC’s holdings in Adobe were worth $2,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schmidt P J Investment Management Inc. raised its position in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after acquiring an additional 25 shares during the last quarter. VanderPol Investments L.L.C. raised its position in shares of Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after purchasing an additional 27 shares during the last quarter. Rise Advisors LLC lifted its stake in Adobe by 7.0% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after buying an additional 27 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares during the last quarter. Finally, Intellus Advisors LLC increased its position in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after buying an additional 30 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADBE shares. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Wolfe Research cut their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Morgan Stanley lowered their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Mizuho reduced their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $413.19.

Adobe Trading Up 1.7%

NASDAQ ADBE opened at $356.43 on Friday. The company has a market cap of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54. Adobe Inc. has a 12 month low of $311.58 and a 12 month 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 50-day moving average of $336.07 and a 200-day moving average of $357.48.

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

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the 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 of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

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.