Union Bancaire Privee UBP SA Cuts Stock Position in Adobe Inc. $ADBE

by · The Cerbat Gem

Union Bancaire Privee UBP SA cut its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 89.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,890 shares of the software company’s stock after selling 126,696 shares during the period. Union Bancaire Privee UBP SA’s holdings in Adobe were worth $5,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Adobe during the 2nd quarter valued at approximately $2,029,950,000. Assenagon Asset Management S.A. increased its stake in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after acquiring an additional 2,347,562 shares in the last quarter. Amundi lifted its holdings in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. AQR Capital Management LLC grew its position in Adobe by 116.9% during the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after purchasing an additional 880,134 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Adobe in the 2nd quarter worth $318,224,000. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the subject of a number of recent research reports. Oppenheimer cut their price objective on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Mizuho reduced their price objective on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Morgan Stanley decreased their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Jefferies Financial Group dropped their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, UBS Group set a $487.00 price objective on shares of Adobe in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $417.15.

Check Out Our Latest Research Report on ADBE

Adobe Price Performance

NASDAQ ADBE opened at $347.89 on Wednesday. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.86. The firm’s 50 day moving average price is $336.08 and its 200-day moving average price is $356.19. The company has a market cap of $145.63 billion, a PE ratio of 20.82, a P/E/G ratio of 1.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE – Get Free Report) last released its quarterly 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 analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Adobe Company Profile

(Free Report)

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.

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