Corient Private Wealth LLC Lowers Stock Holdings in Adobe Inc. $ADBE

Corient Private Wealth LLC cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 296,661 shares of the software company’s stock after selling 18,026 shares during the quarter. Corient Private Wealth LLC’s holdings in Adobe were worth $114,772,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ADBE. 1248 Management LLC purchased a new stake in Adobe in the 1st quarter worth $25,000. LSV Asset Management grew its position in shares of 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 purchased a new stake in shares of Adobe during the first quarter worth about $29,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the 2nd quarter worth about $31,000. Finally, Horizon Financial Services LLC raised its position in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Down 1.5%

Shares of ADBE opened at $351.15 on Tuesday. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $473.62. 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 fifty day simple moving average of $336.09 and a two-hundred day simple moving average of $356.66. The company has a market capitalization of $146.99 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 analyst estimates of $6.11 billion. During the same quarter in the prior year, the firm posted $4.81 earnings per share. Adobe’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, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays reiterated an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a report on Friday, December 5th. DA Davidson reiterated a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Cowen reissued a “hold” rating on shares of Adobe in a research note on Monday, December 8th. 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 research note on Thursday, December 11th. Finally, Stifel Nicolaus dropped their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $417.15.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred 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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate 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.