Sanders Morris Harris LLC Makes New Investment in Adobe Inc. $ADBE

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

A number of other large investors have also made changes to their positions in ADBE. Norges Bank acquired a new position in Adobe in the 2nd quarter worth approximately $2,029,950,000. Assenagon Asset Management S.A. lifted its holdings in shares of Adobe by 308.1% in 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 in the last quarter. Amundi boosted its position in shares of Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after buying an additional 961,895 shares during the period. AQR Capital Management LLC grew its holdings in shares of Adobe by 116.9% during the first quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after buying an additional 880,134 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Adobe during the second quarter valued at $318,224,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Down 0.9%

ADBE stock opened at $347.89 on Wednesday. The firm has a market cap of $145.63 billion, a PE ratio of 20.82, a PEG ratio of 1.38 and a beta of 1.54. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.86. The company has a fifty day simple moving average of $336.08 and a 200 day simple moving average of $356.19. 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 released its quarterly 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. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’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 sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ADBE. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Wolfe Research decreased their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Stifel Nicolaus lowered their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a research note on Thursday, December 11th. Finally, Oppenheimer decreased their target price on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.