In its most recent SEC Form 13F filing, Harel Insurance Investments & Financial Services Ltd. reported a 5.3% reduction in its position in Adobe, selling 1,920 shares to leave a total holding of 34,305 shares. The remaining stake was valued at approximately 12.09 million at the end of the third quarter, reflecting the insurer’s modest shift in portfolio allocation within the software sector.

Other institutional moves during the second and third quarters included LSV Asset Management expanding its Adobe position by 350% to 72 shares, Nexus Investment Management ULC initiating a new stake worth roughly 31 thousand, and Horizon Financial Services LLC boosting its holding by 4,000% to 82 shares. Total Investment Management Inc. and Heartwood Wealth Advisors LLC also entered the register with new stakes of about 35 thousand each. Collectively, hedge funds and institutions now own 81.79% of the company’s outstanding shares.

On December 10, Adobe reported quarterly earnings per share of 5.50, beating consensus by 0.10, on revenue of 6.19 billion, up 10.5% year-over-year. Net margin was 30.0% and return on equity stood at 61.28%. Management issued guidance for first-quarter EPS between 5.85 and 5.90 and full-year EPS in a range of 23.30 to 23.50. Analysts currently forecast full-year EPS of 16.65, indicating continued confidence in the company’s growth trajectory.