Adobe Inc. $ADBE Holdings Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 7.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,688 shares of the software company’s stock after selling 2,301 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Adobe were worth $6,404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC lifted its holdings in Adobe by 2.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after purchasing an additional 43 shares in the last quarter. Meridian Management Co. boosted its stake in Adobe by 0.3% during the 1st quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock worth $3,705,000 after purchasing an additional 44 shares during the last quarter. Brown Shipley& Co Ltd grew its holdings in shares of Adobe by 28.8% during the first quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after buying an additional 44 shares in the last quarter. United Bank grew its holdings in shares of Adobe by 1.4% during the first quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after buying an additional 49 shares in the last quarter. Finally, Drystone LLC grew its holdings in shares of Adobe by 0.5% during the second quarter. Drystone LLC now owns 10,420 shares of the software company’s stock worth $2,136,000 after buying an additional 50 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

NASDAQ ADBE opened at $249.76 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s fifty day moving average is $255.30 and its two-hundred day moving average is $251.80. The firm has a market capitalization of $97.21 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the company earned $5.31 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, research analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current year.

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the sale, the chief executive officer owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADBE has been the subject of a number of recent research reports. Wells Fargo & Company cut shares of Adobe from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $270.00 to $225.00 in a research report on Monday, October 12th. Jefferies Financial Group lowered their price target on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a research note on Friday, September 11th. Finally, BTIG Research reiterated a “neutral” rating on shares of Adobe in a report on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and an average target price of $283.90.

Adobe Company Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.