Adobe Inc. $ADBE Stock Position Raised by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,321 shares of the software company’s stock after acquiring an additional 2,463 shares during the period. Orion Porfolio Solutions LLC’s holdings in Adobe were worth $16,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. 1248 Management LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $25,000. LSV Asset Management grew its stake in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Adobe in the first quarter worth $29,000. Nexus Investment Management ULC acquired a new stake in Adobe in the second quarter worth $31,000. Finally, Horizon Financial Services LLC lifted its stake in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 1.7%

Shares of NASDAQ:ADBE opened at $356.43 on Friday. The company has a 50 day moving average of $336.07 and a 200-day moving average of $357.48. 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 firm has a market cap of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $474.91.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business 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. As a group, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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 stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADBE shares. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Jefferies Financial Group reduced their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Thursday. Finally, Morgan Stanley reduced their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $413.19.

About Adobe

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.