39,667 Shares in Adobe Inc. $ADBE Purchased by Professional Advisory Services Inc.

Professional Advisory Services Inc. bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 39,667 shares of the software company’s stock, valued at approximately $13,993,000. Adobe accounts for approximately 1.8% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CX Institutional boosted its position in shares of Adobe by 72.9% during the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after acquiring an additional 11,769 shares during the last quarter. Wright Investors Service Inc. increased its position in Adobe by 114.4% in the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after purchasing an additional 5,293 shares during the last quarter. Lathrop Investment Management Co. raised its stake in Adobe by 2.8% during the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after purchasing an additional 718 shares in the last quarter. Mcdaniel Terry & Co. lifted its position in Adobe by 2.8% during the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after purchasing an additional 1,093 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its stake in shares of Adobe by 16.1% in the 3rd quarter. SteelPeak Wealth LLC now owns 29,055 shares of the software company’s stock worth $10,249,000 after buying an additional 4,021 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Shares of ADBE stock opened at $296.12 on Tuesday. The stock has a 50 day moving average price of $334.09 and a 200 day moving average price of $346.36. Adobe Inc. has a 52-week low of $295.42 and a 52-week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $121.56 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.17 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the firm posted $4.81 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Stifel Nicolaus lowered their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. The Goldman Sachs Group initiated coverage on Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 target price for the company. Barclays restated an “overweight” rating and set a $415.00 price target on shares of Adobe in a report on Friday, December 5th. Finally, Jefferies Financial Group lowered shares of Adobe from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $500.00 to $400.00 in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average price target of $402.85.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.