PKO Investment Management Joint Stock Co Purchases 3,000 Shares of Adobe Inc. $ADBE

PKO Investment Management Joint Stock Co increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,000 shares of the software company’s stock after acquiring an additional 3,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Adobe were worth $6,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADBE. LSV Asset Management increased its position in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC acquired a new stake in shares of Adobe in the 2nd quarter worth $31,000. Horizon Financial Services LLC grew its stake in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new position in Adobe during the 2nd quarter valued at about $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Adobe in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Down 1.9%

ADBE stock opened at $327.65 on Tuesday. The company has a market capitalization of $137.15 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 1.31 and a beta of 1.53. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The firm’s fifty day simple moving average is $336.96 and its 200-day simple moving average is $349.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last issued its 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. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter last year, the company posted $4.81 earnings per share. The firm’s 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. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several recent analyst reports. UBS Group set a $487.00 price target on Adobe in a report on Sunday, December 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. 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. Finally, Morgan Stanley lowered their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $406.44.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.