Vanguard Personalized Indexing Management LLC Sells 5,939 Shares of Adobe Inc. $ADBE

Vanguard Personalized Indexing Management LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 53,634 shares of the software company’s stock after selling 5,939 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Adobe were worth $18,926,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in 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 buying an additional 56 shares during the period. Nexus Investment Management ULC purchased a new position in shares of Adobe in the second quarter valued at about $31,000. Horizon Financial Services LLC boosted its stake 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 stake in shares of Adobe during the second quarter worth about $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in Adobe during the 3rd quarter valued at approximately $35,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research report on Thursday, December 11th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Robert W. Baird set a $350.00 price objective on Adobe in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and lowered their target price for the company from $500.00 to $400.00 in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $402.85.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction 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 sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.

Adobe Price Performance

ADBE stock opened at $301.07 on Monday. The stock has a market cap of $123.59 billion, a PE ratio of 18.02, a P/E/G ratio of 1.18 and a beta of 1.53. Adobe Inc. has a 12 month low of $288.33 and a 12 month high of $465.70. The company has a 50-day moving average price of $331.10 and a 200 day moving average price of $344.06. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping 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 business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the firm posted $4.81 earnings per share. The business’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. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe 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.