Pitcairn Co. Sells 1,460 Shares of Adobe Inc. $ADBE

Pitcairn Co. cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 18.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,389 shares of the software company’s stock after selling 1,460 shares during the quarter. Pitcairn Co.’s holdings in Adobe were worth $2,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Adobe by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after purchasing an additional 126,688 shares during the period. Norges Bank bought a new position in Adobe in the 2nd quarter worth $2,029,950,000. Amundi increased its stake in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after buying an additional 961,895 shares in the last quarter. Invesco Ltd. raised its holdings in Adobe by 16.1% during the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after acquiring an additional 610,215 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after acquiring an additional 548,903 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.7%

Shares of NASDAQ:ADBE opened at $356.43 on Monday. The company has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.41 and a beta of 1.54. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $474.91. 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 company has a 50-day moving average price of $336.07 and a 200 day moving average price of $357.10.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the firm posted $4.81 earnings per share. The firm’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. As a group, equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

ADBE has been the subject of several research analyst reports. Evercore ISI cut their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Wolfe Research cut their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday. Morgan Stanley reduced their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday. BMO Capital Markets restated an “outperform” rating and set a $405.00 target price on shares of Adobe in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group reduced their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $417.33.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction 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 approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.