Pacer Advisors Inc. Acquires 104,230 Shares of Adobe Inc. $ADBE

Pacer Advisors Inc. raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 9.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,169,812 shares of the software company’s stock after buying an additional 104,230 shares during the quarter. Adobe accounts for about 1.0% of Pacer Advisors Inc.’s investment portfolio, making the stock its 23rd largest position. Pacer Advisors Inc. owned about 0.28% of Adobe worth $412,651,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 1248 Management LLC bought a new position in Adobe during the first quarter worth $25,000. LSV Asset Management boosted its holdings in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the period. Flaharty Asset Management LLC acquired a new stake in Adobe in the 1st quarter worth $29,000. Nexus Investment Management ULC bought a new position in shares of Adobe during the 2nd quarter worth about $31,000. Finally, Horizon Financial Services LLC raised its position in shares of Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADBE. Evercore ISI decreased their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Stifel Nicolaus decreased their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. BMO Capital Markets lowered their price objective on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $417.93.

Adobe Trading Up 0.2%

Shares of ADBE opened at $353.03 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $147.78 billion, a PE ratio of 21.13, a PEG ratio of 1.39 and a beta of 1.54. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The stock has a 50 day simple moving average of $338.35 and a 200-day simple moving average of $354.16.

Adobe (NASDAQ:ADBE) last announced its quarterly 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 return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the business posted $4.81 earnings per share. The business’s revenue 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. On average, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

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.