Adobe Inc. $ADBE Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 114.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,956 shares of the software company’s stock after purchasing an additional 59,725 shares during the period. Adobe comprises about 0.5% of Engineers Gate Manager LP’s holdings, making the stock its 15th largest position. Engineers Gate Manager LP’s holdings in Adobe were worth $43,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ADBE. Norges Bank acquired a new position in Adobe during the second quarter worth approximately $2,029,950,000. Assenagon Asset Management S.A. grew its position in shares of Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after acquiring an additional 2,347,562 shares during the last quarter. Amundi grew its position in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after acquiring an additional 961,895 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Adobe by 116.9% in the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after acquiring an additional 880,134 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Adobe in the 2nd quarter valued at $318,224,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of ADBE opened at $356.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $336.07 and its two-hundred day moving average is $357.87. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $474.91. The firm has a market capitalization of $149.20 billion, a PE ratio of 21.33, a P/E/G ratio of 1.29 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating 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 business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the firm earned $4.81 EPS. The company’s quarterly 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. Research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Redburn Partners set a $280.00 price objective on shares of Adobe in a research report on Monday, September 1st. Citigroup lowered their price target on Adobe from $400.00 to $366.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research report on Thursday. Finally, Jefferies Financial Group dropped their target price on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.