Adobe Q4 EPS Tops by $0.10, Issues Q1 Guidance at 5.85–5.90
Adobe reported EPS of $5.50, beating estimates by $0.10 on $6.19 billion revenue, up 10.5% year-over-year, and set Q1 2026 EPS guidance of 5.85–5.90 and FY 2026 guidance of 23.30–23.50. Shares opened down 2.6% after Goldman Sachs initiated a sell rating with a $290 target.
1. Harel Insurance Reduces Adobe Stake by 5.3%
In its latest Form 13F filing with the Securities and Exchange Commission, Harel Insurance Investments & Financial Services Ltd. disclosed a 5.3% reduction in its Adobe Inc. position during the third quarter. The firm sold 1,920 shares, bringing its total to 34,305 shares valued at approximately $12.09 million. This adjustment reflects a strategic rebalancing of the insurer’s $2.3 billion equity portfolio, where technology names comprise roughly 18%.
2. Other Institutional Movements Highlight Minor Stakes
Several smaller investors have also modified their Adobe exposure in the second and third quarters. LSV Asset Management increased its holding by 350.0%, acquiring an additional 56 shares to reach 72 shares valued at $28,000. Nexus Investment Management ULC and Total Investment Management Inc. each initiated new positions worth about $31,000 and $35,000 respectively. Horizon Financial Services LLC boosted its stake from 2 to 82 shares, a 4,000.0% gain, valuing its position at $32,000. Heartwood Wealth Advisors LLC added a $35,000 stake in the third quarter. Collectively, hedge funds and other institutions now own 81.79% of Adobe’s outstanding shares.