ProShare Advisors LLC has decreased its stake in Adobe Inc. by 18.0% during the third quarter of 2025, according to a report from HoldingsChannel.com. The institutional investor now holds 556,144 shares of the software company, following the sale of 122,070 shares during this period. As of the latest filing with the Securities and Exchange Commission, ProShare Advisors’ holdings in Adobe are valued at approximately $196.18 million.
Several other institutional investors have also made notable changes to their positions in Adobe. For instance, LSV Asset Management increased its stake by an impressive 350.0% in the second quarter, now holding 72 shares valued at $28,000. Additionally, Nexus Investment Management ULC acquired shares worth about $31,000, while Horizon Financial Services LLC raised its stake by 4,000.0%, now owning 82 shares valued at $32,000. Total Investment Management Inc. and Howard Hughes Medical Institute also took new positions in Adobe, valued at $35,000 and $36,000, respectively. Overall, institutional investors control approximately 81.79% of Adobe’s stock.
Insider Trading and Stock Performance
In related news, Adobe’s Chief Financial Officer, Daniel Durn, sold 1,646 shares on January 27, 2025, at an average price of $294.85, totaling approximately $485,323.10. Following this sale, Durn retains ownership of 41,995 shares, valued at about $12.38 million. This transaction reflects a 3.77% reduction in his stock ownership. The sale was disclosed in a filing with the SEC.
As of Monday, Adobe shares opened at $268.38. The company maintains a current ratio of 1.00, a quick ratio of 1.00, and a debt-to-equity ratio of 0.53. The stock’s fifty-day simple moving average stands at $324.53, while the 200-day moving average is $338.40. Over the past year, Adobe has experienced a low of $264.04 and a high of $465.70. The company’s market capitalization is approximately $110.17 billion, with a price-to-earnings ratio of 16.06 and a PEG ratio of 1.06.
Recent Earnings and Analyst Opinions
Adobe recently announced its quarterly earnings on December 10, 2024, reporting earnings per share (EPS) of $5.50, which surpassed analysts’ expectations of $5.40 by $0.10. The company generated revenue of $6.19 billion, exceeding the consensus estimate of $6.11 billion. With a net margin of 30.00% and a return on equity of 61.28%, Adobe’s quarterly revenue increased by 10.5% year-over-year. For the first quarter of fiscal year 2026, the company has projected earnings guidance between $5.850 and $5.900 EPS, with full-year guidance set between $23.300 and $23.500 EPS. Analysts predict that Adobe will report an average EPS of $16.65 for the current fiscal year.
Market analysts have recently provided mixed ratings on Adobe’s stock. The Goldman Sachs Group initiated coverage with a “sell” rating and a target price of $290.00. Weiss Ratings downgraded Adobe from a “hold” to a “sell” rating. Conversely, Mizuho lowered its price objective from $410.00 to $390.00 while maintaining an “outperform” rating. Oppenheimer also adjusted its rating from “outperform” to “market perform”. Furthermore, Stifel Nicolaus reduced its target price from $480.00 to $450.00, maintaining a “buy” rating. Overall, one analyst has given a strong buy rating, ten a buy rating, eleven a hold rating, and four a sell rating, resulting in an average rating of “hold” and a consensus target price of $401.13.
Founded in 1982 by John Warnock and Charles Geschke, Adobe Inc. is headquartered in San Jose, California. Under the leadership of CEO Shantanu Narayen, who has been at the helm since 2007, Adobe has transitioned from a desktop publishing provider to a cloud-centric software company, offering digital media and digital experience solutions.
