Versor Investments LP Sells 2,522 Shares of Adobe Inc. $ADBE

Versor Investments LP cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 29.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,103 shares of the software company’s stock after selling 2,522 shares during the period. Adobe accounts for 0.4% of Versor Investments LP’s portfolio, making the stock its 24th biggest position. Versor Investments LP’s holdings in Adobe were worth $2,153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LSV Asset Management lifted its stake in shares of Adobe by 350.0% in the 2nd 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. Nexus Investment Management ULC bought a new position in Adobe in the second quarter worth $31,000. Horizon Financial Services LLC lifted its position in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in Adobe during the second quarter valued at $35,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Adobe during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Down 0.6%

ADBE stock opened at $266.90 on Tuesday. The stock has a market capitalization of $109.56 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a 1-year low of $262.95 and a 1-year high of $465.70. The business has a fifty day moving average price of $323.41 and a 200-day moving average price of $337.66.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the company earned $4.81 EPS. Adobe’s revenue for the quarter 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. Equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Activity at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ADBE shares. Citigroup increased their price target on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group initiated coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 target price for the company. Jefferies Financial Group lowered shares of Adobe from a “buy” rating to a “hold” rating and lowered their target price for the company from $500.00 to $400.00 in a report on Monday, January 5th. Wolfe Research cut their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Finally, Barclays reiterated an “overweight” rating and set a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Adobe currently has an average rating of “Hold” and an average price target of $401.13.

Adobe Company Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.