Heard Capital LLC Has $107.80 Million Stock Position in Adobe Inc. $ADBE

Heard Capital LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 308,002 shares of the software company’s stock after buying an additional 11,637 shares during the period. Adobe makes up 5.1% of Heard Capital LLC’s investment portfolio, making the stock its 10th biggest position. Heard Capital LLC’s holdings in Adobe were worth $107,798,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. SWAN Capital LLC lifted its holdings in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after acquiring an additional 31 shares during the last quarter. Logan Capital Management Inc. lifted its holdings in shares of Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after acquiring an additional 32 shares during the last quarter. Peoples Bank KS lifted its holdings in shares of Adobe by 1.6% in the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after acquiring an additional 33 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Adobe by 16.1% in the 4th quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock worth $86,000 after acquiring an additional 34 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its holdings in shares of Adobe by 72.3% in the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after acquiring an additional 34 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Trading Up 0.5%

NASDAQ:ADBE opened at $207.32 on Wednesday. The company has a fifty day moving average of $243.10 and a 200 day moving average of $276.75. Adobe Inc. has a 52 week low of $196.90 and a 52 week high of $399.67. The company has a quick ratio of 0.91, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $83.80 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.72 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.06 EPS. 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, research analysts predict that Adobe Inc. will post 19.87 earnings per share for the current year.

Adobe declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, which supports Adobe’s positioning as an AI enabler and could strengthen long-term product adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Several articles highlighted Adobe as potentially undervalued after its recent selloff, with some analysts and commentators calling it a buy-the-dip or value opportunity following its strong earnings and raised guidance. Should You Buy, Sell or Hold Adobe Stock Post Q2 Earnings?
• Neutral Sentiment: Market commentary from Barchart and other outlets suggests traders are debating whether the post-earnings weakness is overdone, with options data and technicals still pointing to elevated volatility. Following Adobe Earnings, Here’s What Barchart Data Says Is Next for ADBE Stock
• Neutral Sentiment: TD Cowen cut its price target on Adobe from $310 to $285, citing mixed signals including slower spending trends and weaker AI credit demand, but kept a Hold rating. Adobe (ADBE) Price Target Cut as TD Cowen Flags Slowing Spend and Weak AI Credit Demand
• Negative Sentiment: Adobe’s CFO departure is weighing on sentiment, with investors seeing the leadership change as a risk at a time when the company is already facing valuation and growth concerns. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADBE. Piper Sandler lowered their price objective on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Wells Fargo & Company lowered their price target on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Robert W. Baird lowered their price target on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus target price of $278.16.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by company insiders.

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.