Adobe Inc. $ADBE Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA cut its stake in Adobe Inc. (NASDAQ:ADBE) by 23.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 103,803 shares of the software company’s stock after selling 32,285 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Adobe were worth $36,616,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADBE. LSV Asset Management grew its stake in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC bought a new position in Adobe during the 2nd quarter worth approximately $31,000. Horizon Financial Services LLC lifted its holdings in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new position in shares of Adobe in the 2nd quarter worth approximately $35,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Adobe in the 2nd quarter valued at approximately $36,000. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Robert W. Baird set a $350.00 price objective on Adobe in a research note on Wednesday, January 14th. TD Cowen dropped their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. The Goldman Sachs Group assumed coverage on shares of Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Finally, UBS Group cut their target price on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $401.13.

Adobe Stock Down 0.6%

ADBE stock opened at $266.90 on Tuesday. The stock has a market cap of $109.56 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The firm’s 50-day simple moving average is $323.41 and its 200 day simple moving average is $337.66. Adobe Inc. has a fifty-two week low of $262.95 and a fifty-two week high of $465.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.81 EPS. 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, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.