Lombard Odier Asset Management Europe Ltd cut its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 70.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the software company’s stock after selling 9,500 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Adobe were worth $972,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP bought a new position in shares of Adobe in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe during the 3rd quarter worth approximately $26,000. TrustBank bought a new stake in Adobe during the 4th quarter worth approximately $28,000. Lloyd Advisory Services LLC. acquired a new stake in Adobe during the 4th quarter valued at $31,000. Finally, Sankala Group LLC bought a new position in Adobe in the 4th quarter valued at $31,000. 81.79% of the stock is owned by institutional investors.
Insider Activity
In other Adobe news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Adobe
Adobe Stock Up 0.4%
Shares of ADBE opened at $251.34 on Tuesday. The business’s fifty day moving average price is $226.82 and its two-hundred day moving average price is $247.87. The firm has a market capitalization of $99.91 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.84 and a beta of 1.40. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75.
Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the company posted $5.06 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.
Adobe declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Adobe Company Profile
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.
Featured Stories
- Five stocks we like better than Adobe
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE – Free Report).
Receive News & Ratings for Adobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe and related companies with MarketBeat.com's FREE daily email newsletter.
