Lee Danner & Bass Inc. Purchases 4,092 Shares of Adobe Inc. $ADBE

Lee Danner & Bass Inc. raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 226.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,900 shares of the software company’s stock after purchasing an additional 4,092 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Adobe were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. LSV Asset Management grew its stake in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares in the last quarter. Nexus Investment Management ULC purchased a new stake in shares of Adobe during the second quarter worth $31,000. Horizon Financial Services LLC boosted its holdings in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in shares of Adobe in the second quarter valued at $35,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Adobe during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADBE shares. Cowen restated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. TD Cowen lowered their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Barclays reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. Jefferies Financial Group cut shares of Adobe from a “buy” rating to a “hold” rating and lowered their target price for the stock from $500.00 to $400.00 in a research note on Monday, January 5th. Finally, The Goldman Sachs Group began coverage on shares of Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and an average price target of $402.85.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated 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 of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Adobe Trading Down 2.6%

Shares of Adobe stock opened at $296.12 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a 1 year low of $295.42 and a 1 year high of $465.70. The firm has a market cap of $121.56 billion, a PE ratio of 17.72, a PEG ratio of 1.17 and a beta of 1.53. The company has a 50 day simple moving average of $334.09 and a two-hundred day simple moving average of $346.36.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 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 analyst estimates of $6.11 billion. During the same quarter in the prior year, the firm earned $4.81 EPS. The business’s revenue for the quarter 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. Analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe Company 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.