Trilogy Capital Inc. Raises Position in Adobe Inc. $ADBE

Trilogy Capital Inc. raised its position in Adobe Inc. (NASDAQ:ADBE) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,735 shares of the software company’s stock after buying an additional 3,282 shares during the period. Trilogy Capital Inc.’s holdings in Adobe were worth $3,226,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Willis Investment Counsel raised its position in shares of Adobe by 138.9% in the fourth quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after buying an additional 23,671 shares during the last quarter. Nicholas Company Inc. boosted its position in Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after acquiring an additional 12,400 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Adobe by 13.4% during the fourth quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after acquiring an additional 25,435 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Adobe by 13.2% during the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after acquiring an additional 6,426 shares in the last quarter. Finally, True North Advisors LLC raised its holdings in Adobe by 301.1% in the 4th quarter. True North Advisors LLC now owns 6,493 shares of the software company’s stock valued at $2,273,000 after acquiring an additional 4,874 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADBE. TD Cowen dropped their price target on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, June 8th. The Goldman Sachs Group reduced their price objective on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. Mizuho lowered their price objective on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. BTIG Research assumed coverage on Adobe in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Sanford C. Bernstein cut their target price on Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research note on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $271.30.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Adobe Stock Up 2.4%

Shares of NASDAQ ADBE opened at $257.49 on Wednesday. The company has a market capitalization of $102.35 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.85 and a beta of 1.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50 day simple moving average of $227.16 and a 200-day simple moving average of $247.54. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, equities research analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.