Adobe Inc. $ADBE Shares Bought by Pacifica Partners Inc.

Pacifica Partners Inc. lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 165.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,232 shares of the software company’s stock after acquiring an additional 2,016 shares during the period. Pacifica Partners Inc.’s holdings in Adobe were worth $1,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ADBE. Brighton Jones LLC raised its position in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares during the period. Quantbot Technologies LP acquired a new stake in Adobe during the first quarter worth about $59,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Adobe by 12.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,362 shares of the software company’s stock worth $523,000 after purchasing an additional 154 shares during the period. GM Advisory Group LLC lifted its stake in shares of Adobe by 40.4% in the 1st quarter. GM Advisory Group LLC now owns 1,120 shares of the software company’s stock valued at $430,000 after purchasing an additional 322 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of Adobe by 1.9% in the 1st quarter. Martingale Asset Management L P now owns 43,448 shares of the software company’s stock valued at $16,664,000 after purchasing an additional 810 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ADBE shares. Cowen reissued a “hold” rating on shares of Adobe in a research report on Monday, December 8th. Citigroup increased their price objective on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley reduced their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. TD Cowen decreased their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Adobe has an average rating of “Hold” and an average target price of $417.93.

Adobe Price Performance

ADBE opened at $355.81 on Friday. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The firm has a market cap of $148.94 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.40 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $336.37 and a 200 day simple moving average of $356.18.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.