Pacer Advisors Inc. Has $412.65 Million Stake in Adobe Inc. $ADBE

Pacer Advisors Inc. raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 9.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,169,812 shares of the software company’s stock after purchasing an additional 104,230 shares during the quarter. Adobe accounts for approximately 1.0% of Pacer Advisors Inc.’s portfolio, making the stock its 23rd largest position. Pacer Advisors Inc.’s holdings in Adobe were worth $412,651,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Adobe during the 2nd quarter worth about $2,029,950,000. Assenagon Asset Management S.A. raised its stake 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 worth $1,202,979,000 after acquiring an additional 2,347,562 shares during the last quarter. Amundi lifted its position in shares of Adobe by 24.7% during the first 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 in the last quarter. AQR Capital Management LLC grew its stake 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 purchasing an additional 880,134 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Adobe in the second quarter valued at approximately $318,224,000. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on ADBE shares. Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. Mizuho dropped their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Oppenheimer cut their price target on 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 decreased their price target on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Finally, Stifel Nicolaus lowered their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $417.93.

Insider Buying and Selling at Adobe

In related 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 transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

Adobe Stock Up 0.2%

NASDAQ:ADBE opened at $353.03 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The stock’s fifty day simple moving average is $338.35 and its 200-day simple moving average is $354.16. The firm has a market capitalization of $147.78 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.39 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share 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 firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the firm posted $4.81 earnings per share. 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. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

About Adobe

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.