Highland Capital Management LLC Has $4.68 Million Stake in Adobe Inc. $ADBE

Highland Capital Management LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 45.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,279 shares of the software company’s stock after acquiring an additional 4,123 shares during the quarter. Highland Capital Management LLC’s holdings in Adobe were worth $4,684,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. 1248 Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at about $25,000. LSV Asset Management grew its stake 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 acquiring an additional 56 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter worth approximately $31,000. Finally, Horizon Financial Services LLC lifted its holdings in shares of Adobe by 4,000.0% in 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 in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Stock Up 0.2%

Adobe stock opened at $353.03 on Friday. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. The firm’s 50-day simple moving average is $338.35 and its 200 day simple moving average is $354.16. The stock has a market cap of $147.78 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on ADBE shares. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Adobe in a research note on Thursday, December 11th. TD Cowen reduced their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Barclays restated an “overweight” rating and issued a $415.00 target price on shares of Adobe in a report on Friday, December 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Finally, Evercore ISI decreased their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $417.93.

About Adobe

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.