Nisa Investment Advisors LLC Sells 14,665 Shares of Adobe Inc. $ADBE

Nisa Investment Advisors LLC reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 10.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 132,452 shares of the software company’s stock after selling 14,665 shares during the period. Nisa Investment Advisors LLC’s holdings in Adobe were worth $46,722,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Adobe during the second quarter worth $2,029,950,000. Assenagon Asset Management S.A. grew its stake in Adobe by 308.1% in the 2nd 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 in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Adobe during the second quarter worth approximately $318,224,000. Franklin Resources Inc. raised its stake in shares of Adobe by 68.9% during the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after acquiring an additional 791,077 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Adobe by 218.5% in the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after purchasing an additional 736,682 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was 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 owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of several research reports. Citigroup raised their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. UBS Group set a $487.00 price target on Adobe in a research note on Sunday, December 14th. Mizuho lowered their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Wolfe Research dropped their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Finally, Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and an average price target of $410.92.

Adobe Stock Performance

ADBE stock opened at $339.04 on Friday. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. The firm has a market cap of $141.92 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.33 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. The firm has a 50-day simple moving average of $337.28 and a two-hundred day simple moving average of $350.48.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the firm earned $4.81 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. 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 fiscal year.

Adobe Profile

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.