4,361 Adobe Inc. $ADBE Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 58.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100 shares of the software company’s stock after selling 4,361 shares during the period. Jefferies Financial Group Inc.’s holdings in Adobe were worth $744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Research & Advisory Group Inc. raised its position in Adobe by 185.7% in the 3rd 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 during the last quarter. Security National Bank of Sioux City Iowa IA acquired a new position in Adobe during the 2nd quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Adobe during the 2nd quarter worth approximately $28,000. Latitude Advisors LLC acquired a new position in Adobe during the 3rd quarter worth approximately $29,000. Finally, North Point Portfolio Managers Corp OH bought a new position in shares of Adobe during the 3rd quarter worth approximately $30,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe News Roundup

Here’s some of the latest news about ADBE:

• Positive Sentiment: Adobe and Disney are partnering to develop artist-led generative AI models for storytelling. The tie-up could extend Adobe’s AI tools into major creative and entertainment workflows, while Disney’s involvement may help address the importance of artist participation and trusted content. Disney and Adobe Partner on Artist-Led Generative AI Models
• Positive Sentiment: Adobe unveiled new AI capabilities across its creative products, including ways for AI agents to interact with Photoshop and other tools. These features could make its software more useful and help defend its position as creative workflows evolve. Adobe makes major change creators will notice as Citi flags ‘hard reset’
• Neutral Sentiment: Adobe is also testing personalized web-page experiences and has forecast record U.S. online holiday spending. The developments point to opportunities in digital marketing and commerce, but the articles do not establish how much they may add to Adobe’s near-term results. Adobe is testing a tool that tailors web pages to individual visitors

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the completion of the transaction, the chief executive officer directly owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore set a $250.00 price objective on shares of Adobe in a report on Friday, September 11th. JPMorgan Chase & Co. cut their price objective on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Mizuho set a $260.00 target price on shares of Adobe and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Stifel Nicolaus increased their target price on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, September 9th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $282.52.

Adobe Stock Up 1.9%

NASDAQ ADBE traded up $4.54 during trading hours on Friday, hitting $243.08. 2,436,180 shares of the company traded hands, compared to its average volume of 3,993,223. The business’s 50-day moving average is $246.39 and its 200-day moving average is $248.10. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $94.61 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.83 and a beta of 1.37.

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

Adobe Company Profile

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.