Swedbank AB Lowers Stock Holdings in Adobe Inc. $ADBE

Swedbank AB cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 2.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 787,584 shares of the software company’s stock after selling 22,401 shares during the period. Swedbank AB’s holdings in Adobe were worth $277,820,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 1248 Management LLC acquired a new position in Adobe in the first quarter valued at $25,000. LSV Asset Management grew its holdings in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Adobe during the 1st quarter valued at about $29,000. Nexus Investment Management ULC purchased a new position in shares of Adobe during the 2nd 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 acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 1.4%

NASDAQ:ADBE opened at $352.42 on Wednesday. The business’s 50-day moving average is $337.43 and its two-hundred day moving average is $354.18. The firm has a market capitalization of $147.52 billion, a PE ratio of 21.09, a price-to-earnings-growth 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 $465.70. 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 (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.81 earnings per share. 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 earnings per share for the current fiscal year.

Insider Transactions 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 value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ADBE shares. BMO Capital Markets dropped their price target on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Piper Sandler lowered their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Stifel Nicolaus cut their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Evercore ISI reduced their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.