Adobe Inc. $ADBE Shares Purchased by Pacifica Partners Inc.

Pacifica Partners Inc. boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 165.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,232 shares of the software company’s stock after acquiring an additional 2,016 shares during the quarter. Pacifica Partners Inc.’s holdings in Adobe were worth $1,111,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Talbot Financial LLC lifted its stake in shares of Adobe by 11.1% in the third quarter. Talbot Financial LLC now owns 51,276 shares of the software company’s stock valued at $18,088,000 after purchasing an additional 5,119 shares during the period. First County Bank CT grew its position in Adobe by 10.4% during the third quarter. First County Bank CT now owns 1,320 shares of the software company’s stock worth $466,000 after buying an additional 124 shares during the period. Marshall Financial Group LLC increased its holdings in Adobe by 5.7% in the third quarter. Marshall Financial Group LLC now owns 5,423 shares of the software company’s stock valued at $1,913,000 after buying an additional 291 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Adobe by 7.3% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,367 shares of the software company’s stock valued at $1,188,000 after buying an additional 229 shares in the last quarter. Finally, Teamwork Financial Advisors LLC lifted its position in shares of Adobe by 62.5% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 10,186 shares of the software company’s stock valued at $3,593,000 after acquiring an additional 3,919 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Up 0.3%

ADBE opened at $355.81 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $148.94 billion, a P/E ratio of 21.29, a PEG ratio of 1.40 and a beta of 1.54. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The business’s fifty day simple moving average is $336.37 and its 200 day simple moving average is $356.18.

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 the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.81 EPS. 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, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ADBE. Evercore ISI lowered their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Stifel Nicolaus lowered their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Piper Sandler dropped their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Wells Fargo & Company decreased their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Finally, TD Cowen dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $417.93.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were 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 of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.