NovaPoint Capital LLC Takes Position in Adobe Inc. $ADBE

NovaPoint Capital LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,574 shares of the software company’s stock, valued at approximately $555,000.

Other hedge funds have also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new stake in shares of Adobe in the 1st quarter valued at approximately $25,000. LSV Asset Management lifted its position in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Adobe during the first quarter worth $29,000. Nexus Investment Management ULC purchased a new position in Adobe in the second quarter valued at $31,000. Finally, Horizon Financial Services LLC raised its stake in Adobe by 4,000.0% in 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 in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity at Adobe

In other 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 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ADBE. Barclays reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Adobe in a research report on Friday, December 5th. Citigroup boosted their target price on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Oppenheimer dropped their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets cut their price objective on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Finally, TD Cowen lowered 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 analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $417.93.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $353.80 on Friday. The stock has a market cap of $148.10 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.39 and a beta of 1.54. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The stock has a 50 day moving average of $338.76 and a two-hundred day moving average of $353.29. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS 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 business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the company posted $4.81 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. 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, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

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.