HighVista Strategies LLC Takes Position in Adobe Inc. $ADBE

HighVista Strategies LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,200 shares of the software company’s stock, valued at approximately $1,238,000.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares during the last quarter. National Pension Service raised its stake in shares of Adobe by 5.9% in the first quarter. National Pension Service now owns 928,524 shares of the software company’s stock worth $356,117,000 after purchasing an additional 51,569 shares during the last quarter. S Bank Fund Management Ltd bought a new position in shares of Adobe in the first quarter valued at approximately $1,743,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Adobe by 7.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 63,524 shares of the software company’s stock valued at $24,363,000 after buying an additional 4,472 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its position in Adobe by 37.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 370 shares of the software company’s stock valued at $142,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Piper Sandler reduced their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Evercore ISI decreased their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Oppenheimer cut their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $440.00 target price on shares of Adobe in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $425.29.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Stock Down 0.3%

Shares of NASDAQ ADBE opened at $343.13 on Thursday. The business’s fifty day moving average price is $335.90 and its 200-day moving average price is $358.28. Adobe Inc. has a one year low of $311.58 and a one year high of $552.30. The stock has a market capitalization of $143.63 billion, a PE ratio of 21.38, a P/E/G ratio of 1.26 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior 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. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.