Adobe Inc. $ADBE Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 67.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,993 shares of the software company’s stock after buying an additional 10,052 shares during the period. Vise Technologies Inc.’s holdings in Adobe were worth $5,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADBE. Investment Research & Advisory Group Inc. lifted its position in Adobe by 185.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Security National Bank of Sioux City Iowa IA purchased a new stake in Adobe during the second quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Adobe in the second quarter worth $28,000. Latitude Advisors LLC acquired a new stake in shares of Adobe in the third quarter worth $29,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Adobe in the third quarter worth $30,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the sale, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $251.47 on Tuesday. The firm has a market cap of $97.87 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The company’s fifty day moving average is $253.89 and its 200-day moving average is $250.69. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $362.71.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Equities analysts expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADBE. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Piper Sandler upped their price target on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. Robert W. Baird increased their price objective on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Jefferies Financial Group dropped their price objective on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Finally, Citigroup reissued a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $283.90.

Adobe Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.