Alliancebernstein L.P. Reduces $77M in Adobe Inc. ($ADBE)
Alliancebernstein L.P. has cut its position in Adobe Inc. by 305,800 shares, reflecting a significant reduction in its holdings.
Key Points
- Alliancebernstein L.P. cuts Adobe shares by 305,800.
- New total shares held: 527,558.
- Value of remaining shares: $132.65 million.
Alliancebernstein L.P. has reduced its position in Adobe Inc. ($ADBE) by 305,800 shares, bringing its total holdings to 527,558 shares valued at approximately $132.65 million. This action reflects a decrease of about 36.69% in their stake, with a cost basis of $321.89 per share. The filing reflects holdings as of the reporting period and may not represent the investor's current position.
What Changed
| Metric | Value |
|---|---|
| Shares Delta | -305,800 |
| Shares After | 527,558 |
| Value | $132,649,183.52 |
| Cost Basis | $321.89 |
| Percentage Change | -36.69% |
Why This Matters
The reduction in holdings by Alliancebernstein L.P. may indicate a reevaluation of Adobe's stock performance or market conditions. However, it is important to note that 13F filings are backward-looking and may not reflect the current investment strategy of the fund.
Other Institutional Activity in $ADBE
Other institutional activity data was not available.
$ADBE Stock Snapshot
- Price: $251.44
- Market Cap: $88.44 billion
- 52-Week Range: $218.09 - $405.00
- P/E Ratio: 12.52
- Beta: 1.404
Recent Earnings
Next earnings report is scheduled for June 11, 2026.
Dividend
No dividend data was available.
Insider Buying and Selling at Adobe Inc.
Recent insider transactions include:
- Jillian Forusz, SVP & CAO, sold 755 shares at $246.25 on April 30, 2026.
- Shantanu Narayen, Chair and CEO, sold 75,000 shares at $243.53 on April 28, 2026.
- Daniel Durn, EVP & CFO, sold 1,336 shares at $248.02 on April 20, 2026, and 2,384 shares at $244.66 on April 15, 2026.
Analysts Set New Price Targets
Analysts maintain a consensus rating of 'hold' for Adobe Inc. with targets ranging from $195.00 to $250.00. Notable recent actions include:
- BMO Capital maintained a hold rating with a target of $230.00.
- DA Davidson maintained a buy rating with a target of $250.00.
- Evercore ISI downgraded to hold with a target of $225.00.
About Adobe Inc.
Adobe Inc. is a global technology company headquartered in San Jose, California. It operates through various segments, including Digital Media and Digital Experience, providing products and services for content creation, management, and customer experience optimization. Founded in 1982, Adobe is known for its innovative software solutions used by individuals and enterprises across multiple sectors.
Bottom Line
The reduction of Adobe shares by Alliancebernstein L.P. highlights a shift in institutional sentiment towards the stock. Investors often track such filings for insights into market trends, though it's essential to remember that these filings are historical and may not reflect current positions or strategies.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.