Sanders Morris Harris LLC Purchases New Stake in Adobe Inc. $ADBE

Sanders Morris Harris LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,780 shares of the software company’s stock, valued at approximately $2,039,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Adobe during the 2nd quarter valued at about $2,029,950,000. Assenagon Asset Management S.A. grew its holdings in shares of Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Amundi lifted its holdings in shares of Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. AQR Capital Management LLC boosted its position in Adobe by 116.9% during the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after purchasing an additional 880,134 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new position in Adobe during the 2nd quarter worth $318,224,000. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 0.9%

Adobe stock opened at $347.89 on Wednesday. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock has a market capitalization of $145.63 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.54. The firm has a 50 day simple moving average of $336.08 and a 200-day simple moving average of $356.19.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the firm earned $4.81 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the firm’s 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 transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADBE shares. UBS Group set a $487.00 target price on Adobe in a research note on Sunday. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research report on Thursday, December 11th. Jefferies Financial Group cut their price target on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Wolfe Research decreased their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. One equities research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $417.15.

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.