Lee Danner & Bass Inc. Boosts Holdings in Adobe Inc. $ADBE

Lee Danner & Bass Inc. lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 226.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,900 shares of the software company’s stock after acquiring an additional 4,092 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Adobe were worth $2,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Adobe in the second quarter worth $2,029,950,000. Invesco Ltd. lifted its stake in shares of Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after acquiring an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after acquiring an additional 548,903 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Adobe by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after acquiring an additional 24,333 shares during the period. Finally, Schroder Investment Management Group grew its position in Adobe by 3.8% during the 2nd quarter. Schroder Investment Management Group now owns 2,137,724 shares of the software company’s stock worth $827,043,000 after acquiring an additional 78,186 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Down 2.6%

Shares of Adobe stock opened at $296.12 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $295.42 and a 12-month high of $465.70. The company has a market cap of $121.56 billion, a P/E ratio of 17.72, a PEG ratio of 1.17 and a beta of 1.53. The company’s fifty day simple moving average is $334.09 and its two-hundred day simple moving average is $346.36.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ADBE. UBS Group set a $487.00 price objective on Adobe in a research report on Sunday, December 14th. Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. TD Cowen lowered their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Cowen reissued a “hold” rating on shares of Adobe in a report on Monday, December 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $402.85.

Adobe Company 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.