Oppenheimer & Co. Inc. Sells 2,301 Shares of Adobe Inc. $ADBE

Oppenheimer & Co. Inc. decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,688 shares of the software company’s stock after selling 2,301 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Adobe were worth $6,404,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADBE. BlackRock Inc. purchased a new stake in Adobe during the second quarter worth $8,437,821,000. Arrowstreet Capital Limited Partnership grew its position in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after buying an additional 563,772 shares during the period. Amundi increased its holdings in Adobe by 11.0% in the second quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after buying an additional 518,362 shares in the last quarter. Primecap Management Co. CA purchased a new position in Adobe in the second quarter valued at $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Adobe by 0.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock valued at $1,034,438,000 after buying an additional 18,995 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADBE shares. Stifel Nicolaus upped their price objective on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, September 9th. Piper Sandler raised their target price on Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Robert W. Baird lifted their price target on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Finally, Barclays upped their price target on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Nine investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $283.90.

Insider Activity at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Adobe Price Performance

Adobe stock opened at $249.76 on Thursday. The company’s fifty day moving average price is $255.30 and its 200 day moving average price is $251.80. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $362.71. The stock has a market capitalization of $97.21 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping the consensus estimate of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. As a group, equities research analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

About Adobe

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.