Adobe Inc. $ADBE Stake Cut by Trek Financial LLC

Trek Financial LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 32.8% during the third quarter, HoldingsChannel reports. The firm owned 42,810 shares of the software company’s stock after selling 20,916 shares during the period. Trek Financial LLC’s holdings in Adobe were worth $10,272,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Adobe by 6.6% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 27,892 shares of the software company’s stock valued at $6,693,000 after buying an additional 1,735 shares in the last quarter. Hennessy Advisors Inc. raised its stake in shares of Adobe by 3.0% during the 3rd quarter. Hennessy Advisors Inc. now owns 9,682 shares of the software company’s stock worth $2,323,000 after acquiring an additional 284 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Adobe during the 3rd quarter worth approximately $70,945,000. Aviance Capital Partners LLC lifted its position in Adobe by 3.9% during the third quarter. Aviance Capital Partners LLC now owns 11,565 shares of the software company’s stock valued at $2,775,000 after acquiring an additional 433 shares during the last quarter. Finally, Stevens Capital Partners purchased a new stake in Adobe during the third quarter valued at approximately $314,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $250.23 on Monday. The stock has a 50 day simple moving average of $254.37 and a 200-day simple moving average of $250.98. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $362.71. The company has a market cap of $97.39 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ADBE shares. DA Davidson lifted their price target on shares of Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Sanford C. Bernstein dropped their target price on Adobe from $379.00 to $373.00 and set an “outperform” rating on the stock in a research note on Friday, September 11th. TD Cowen reaffirmed a “hold” rating and set a $245.00 target price on shares of Adobe in a research report on Wednesday, September 9th. Citigroup reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Finally, Barclays raised their price target on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $283.90.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the sale, the chief executive officer owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Adobe Company 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.