Seizert Capital Partners LLC Has $42.59 Million Stake in Adobe Inc. $ADBE

Seizert Capital Partners LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 705.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,723 shares of the software company’s stock after acquiring an additional 105,735 shares during the quarter. Adobe accounts for 1.8% of Seizert Capital Partners LLC’s portfolio, making the stock its 25th largest position. Seizert Capital Partners LLC’s holdings in Adobe were worth $42,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares in the last quarter. Nexus Investment Management ULC bought a new stake in Adobe in the second quarter valued at about $31,000. Horizon Financial Services LLC lifted its stake in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the period. Total Investment Management Inc. acquired a new position in Adobe in the second quarter valued at about $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Adobe in the third quarter valued at about $35,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $291.94 on Tuesday. The firm has a market cap of $119.84 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.53. Adobe Inc. has a 1-year low of $293.01 and a 1-year high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $334.09 and a two-hundred day simple moving average of $346.36.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the business posted $4.81 earnings per share. Adobe’s revenue for the quarter 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. Analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of the 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 directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ADBE has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a research report on Friday, December 5th. Oppenheimer cut Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $402.85.

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.