<div id="readability-page-1"><p>Windward Capital Management Co. CA cut its stake in  Adobe Inc. (NASDAQ:ADBE - Free Report) by 49.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  owned 963 shares of the software company's stock after selling 935 shares during the period. Windward Capital Management Co. CA's holdings in Adobe were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>Figma's Wild IPO Ride: Is the Stock's Premium Price Justified?</li></ul><p>Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in  Adobe by 46,806.6% in the first quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock valued at $1,147,049,000 after acquiring an additional 2,984,391 shares during the last quarter.  Goldman Sachs Group Inc. lifted its holdings in  Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after acquiring an additional 1,856,544 shares during the last quarter.  Nuveen LLC acquired a new position in  Adobe in the first quarter valued at approximately $607,443,000.  OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in  Adobe by 1,482.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock valued at $498,000 after acquiring an additional 1,216,351 shares during the last quarter.  Finally, Two Sigma Advisers LP lifted its holdings in  Adobe by 1,414.5% in the fourth quarter. Two Sigma Advisers LP now owns 889,000 shares of the software company's stock valued at $395,321,000 after acquiring an additional 830,300 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Adobe Stock Up 1.8%</h2><p>Adobe stock opened at $354.85 on Friday. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $150.53 billion, a PE ratio of 22.70, a P/E/G ratio of 1.68 and a beta of 1.51. The stock's fifty day moving average is $371.84 and its two-hundred day moving average is $392.50. </p><ul><li>Best Prime Day Ever? Here Are the Prime Winners Riding the Wave</li></ul><p>Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%. The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same period last year, the firm earned $4.48 earnings per share. Adobe's quarterly revenue was up 10.6% on a year-over-year basis.  On average, sell-side analysts expect that  Adobe Inc. will post 16.65 EPS for the current fiscal year. </p><h2>Analyst Ratings Changes</h2><p>ADBE has been the topic of a number of research reports. Oppenheimer decreased their price target on Adobe from $530.00 to $500.00 and set an &#34;outperform&#34; rating on the stock in a research note on Friday, June 13th. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the stock a &#34;neutral&#34; rating in a research note on Monday, June 16th. DA Davidson  restated a &#34;buy&#34; rating and set a $500.00 price target on shares of Adobe in a research note on Friday, June 20th. Royal Bank Of Canada  restated an &#34;outperform&#34; rating and set a $480.00 price target on shares of Adobe in a research note on Thursday, June 5th. Finally, Piper Sandler decreased their price target on Adobe from $600.00 to $500.00 and set an &#34;overweight&#34; rating on the stock in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, eight have assigned  a hold rating, sixteen have given a buy rating and two have issued  a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $467.58.</p><ul><li>Smart Investors Are Watching These 3 Undervalued Stocks</li></ul><p><b>Read Our Latest Research Report on Adobe</b></p><h2>About Adobe</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Adobe</li><li>Industrial Products Stocks Investing </li><li>3 Energy Stocks to Gain Exposure to the Carbon Capture Boom</li><li>How to Use Stock Screeners to Find Stocks</li><li>AI Glasses to Replace Smartphones? Meta Is Taking Aim at Apple</li><li>Growth Stocks: What They Are, What They Are Not</li><li>The Real Reason Ford Stock Is Rallying—Can It Keep Going?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Adobe Right Now?</h2><p>Before you consider Adobe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.</p><p>While Adobe currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ADBE

<p>Windward Capital Management Co. CA reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 49.3% in Q1, now holding 963 shares valued at $369,000. Other investors, like GAMMA Investing LLC and Goldman Sachs, significantly increased their positions. Adobe's stock opened at $354.85, with a market cap of $150.53 billion. The company reported Q2 earnings of $5.06 per share, exceeding estimates, and a revenue of $5.87 billion, up 10.6% year-over-year. Analysts have mixed ratings, with a consensus target price of $467.58.</p>

- Windward Capital Management Co. CA reduced its stake in Adobe Inc. by 49.3%, holding 963 shares valued at $369,000 after selling 935 shares.  
- Other investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., significantly increased their holdings in Adobe, with GAMMA's stake rising by 46,806.6% to 2,990,767 shares valued at $1.15 billion.  
- Adobe reported quarterly earnings of $5.06 per share, exceeding estimates, with revenue of $5.87 billion, reflecting a 10.6% year-over-year increase.

Windward Capital Management Co. CA Reduces Stock Position in Adobe Inc. (NASDAQ:ADBE)