Stance Capital LLC Acquires New Holdings in Adobe Inc. $ADBE

Stance Capital LLC bought a new position in Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,289 shares of the software company’s stock, valued at approximately $1,272,000.

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

Adobe Stock Up 1.7%

Shares of ADBE stock opened at $356.43 on Monday. 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 Inc. has a one year low of $311.58 and a one year high of $474.91. The company’s fifty day moving average price is $336.07 and its 200-day moving average price is $357.10. The company has a market capitalization 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 (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the business posted $4.81 EPS. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ADBE. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Thursday. UBS Group set a $487.00 target price on shares of Adobe in a report on Sunday. Piper Sandler decreased their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Morgan Stanley dropped their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a research note on Wednesday, October 29th. 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $417.33.

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.