Adobe Inc. $ADBE Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,321 shares of the software company’s stock after buying an additional 2,463 shares during the period. Orion Porfolio Solutions LLC’s holdings in Adobe were worth $16,760,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ADBE. 1248 Management LLC acquired a new position in shares of Adobe during the 1st quarter valued at $25,000. LSV Asset Management raised its position in 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 acquired a new position in shares of Adobe during the first quarter worth about $29,000. Nexus Investment Management ULC purchased a new stake in shares of Adobe in the second quarter worth about $31,000. Finally, Horizon Financial Services LLC boosted its position in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was 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 in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is owned by insiders.

Adobe Trading Up 1.7%

NASDAQ ADBE opened at $356.43 on Friday. The company has a market capitalization of $149.20 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $474.91. The company’s fifty day moving average price is $336.07 and its two-hundred day moving average price is $357.48.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.81 EPS. 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, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on ADBE shares. Oppenheimer reduced their price target on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore ISI dropped their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Redburn Partners set a $280.00 target price on shares of Adobe in a research note on Monday, September 1st. Wells Fargo & Company lowered their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Barclays reiterated an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $413.19.

Adobe 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.