Adobe Inc. $ADBE Stock Position Boosted by Greenfield Seitz Capital Management LLC

Greenfield Seitz Capital Management LLC boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 14.9% in the third quarter, Holdings Channel.com reports. The fund owned 18,598 shares of the software company’s stock after acquiring an additional 2,405 shares during the quarter. Adobe comprises 1.3% of Greenfield Seitz Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Greenfield Seitz Capital Management LLC’s holdings in Adobe were worth $4,462,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ADBE. Investment Research & Advisory Group Inc. lifted its position in shares of Adobe by 185.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of Adobe during the second quarter valued at $95,000. Latitude Advisors LLC purchased a new stake in shares of Adobe during the third quarter valued at $29,000. North Point Portfolio Managers Corp OH bought a new position in shares of Adobe in the third quarter worth about $30,000. Finally, Bullock Wealth Management Group grew its holdings in shares of Adobe by 468.2% in the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the transaction, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Sanford C. Bernstein lowered their price objective on shares of Adobe from $379.00 to $373.00 and set an “outperform” rating for the company in a research report on Friday, September 11th. Robert W. Baird boosted their price objective on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Stifel Nicolaus upped their target price on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. Finally, Mizuho set a $260.00 target price on shares of Adobe and gave the stock a “neutral” rating in a research report on Tuesday, September 8th. Nine investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $283.90.

Adobe Price Performance

Shares of ADBE stock opened at $251.47 on Tuesday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $253.89 and a two-hundred day simple moving average of $250.69. The stock has a market capitalization of $97.87 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.87 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Adobe Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.