39,667 Shares in Adobe Inc. $ADBE Acquired by Professional Advisory Services Inc.

Professional Advisory Services Inc. acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to its most recent filing with the SEC. The fund acquired 39,667 shares of the software company’s stock, valued at approximately $13,993,000. Adobe makes up 1.8% of Professional Advisory Services Inc.’s holdings, making the stock its 28th largest holding.

Other institutional investors have also recently made changes to their positions in the company. QTR Family Wealth LLC grew its position in shares of Adobe by 89.2% in the third quarter. QTR Family Wealth LLC now owns 2,884 shares of the software company’s stock valued at $1,017,000 after purchasing an additional 1,360 shares in the last quarter. Lee Danner & Bass Inc. boosted its stake in Adobe by 226.3% in the 3rd quarter. Lee Danner & Bass Inc. now owns 5,900 shares of the software company’s stock worth $2,081,000 after purchasing an additional 4,092 shares during the period. Horizon Bancorp Inc. IN grew its holdings in Adobe by 56.7% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 655 shares of the software company’s stock valued at $231,000 after buying an additional 237 shares in the last quarter. Dynamic Wealth Strategies LLC grew its stake in Adobe by 58.7% during the third quarter. Dynamic Wealth Strategies LLC now owns 706 shares of the software company’s stock valued at $249,000 after acquiring an additional 261 shares in the last quarter. Finally, Fisher Funds Management LTD grew its position in shares of Adobe by 72.1% during the 3rd quarter. Fisher Funds Management LTD now owns 79,948 shares of the software company’s stock valued at $28,202,000 after purchasing an additional 33,502 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $296.12 on Tuesday. The business has a 50-day simple moving average of $334.09 and a two-hundred day simple moving average of $346.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52 week low of $295.42 and a 52 week high of $465.70. The stock has a market cap of $121.56 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.17 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the company posted $4.81 EPS. The firm’s revenue 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. On average, analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Wells Fargo & Company reduced their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. BMO Capital Markets lowered Adobe from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley lowered their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average target price of $402.85.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.