Seizert Capital Partners LLC Acquires 105,735 Shares of Adobe Inc. $ADBE

Seizert Capital Partners LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 705.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,723 shares of the software company’s stock after acquiring an additional 105,735 shares during the period. Adobe makes up 1.8% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 25th largest holding. Seizert Capital Partners LLC’s holdings in Adobe were worth $42,585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ADBE. Norges Bank bought a new position in Adobe in the 2nd quarter worth about $2,029,950,000. Franklin Resources Inc. raised its holdings in Adobe by 68.9% in the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after buying an additional 791,077 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Adobe by 218.5% in the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after buying an additional 736,682 shares in the last quarter. Invesco Ltd. boosted its stake in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after purchasing an additional 610,215 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. UBS Group set a $487.00 price objective on Adobe in a research note on Sunday, December 14th. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and cut their target price for the stock from $500.00 to $400.00 in a research report on Monday, January 5th. Finally, Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $402.85.

Insider Activity

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Down 1.4%

NASDAQ:ADBE opened at $291.94 on Tuesday. 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 50-day simple moving average of $334.09 and a 200-day simple moving average of $346.36. Adobe Inc. has a one year low of $293.01 and a one year high of $465.70. The firm has a market cap of $119.84 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.17 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last posted 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 company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the business earned $4.81 earnings per share. Adobe’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.