Teamwork Financial Advisors LLC Acquires 3,919 Shares of Adobe Inc. $ADBE

Teamwork Financial Advisors LLC lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 62.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,186 shares of the software company’s stock after buying an additional 3,919 shares during the period. Teamwork Financial Advisors LLC’s holdings in Adobe were worth $3,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADBE. Schmidt P J Investment Management Inc. increased its position in shares of Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Adobe by 7.0% in the first quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after buying an additional 27 shares in the last quarter. FSM Wealth Advisors LLC increased its holdings in Adobe by 1.1% during the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after buying an additional 30 shares during the last quarter. Intellus Advisors LLC increased its holdings in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after buying an additional 30 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC raised its position in Adobe by 2.2% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock worth $558,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $355.81 on Friday. 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 firm has a market cap of $148.94 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.40 and a beta of 1.54. The stock’s fifty day moving average price is $336.37 and its two-hundred day moving average price is $356.18. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping 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 company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the firm earned $4.81 earnings per share. The company’s 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, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Evercore ISI lowered their price target 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 reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Finally, Oppenheimer reduced their target price on Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $417.93.

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.