Adobe Inc. $ADBE Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in Adobe Inc. (NASDAQ:ADBE) by 79.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 622,845 shares of the software company’s stock after purchasing an additional 276,411 shares during the quarter. Adobe accounts for 0.9% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 17th biggest holding. Skandinaviska Enskilda Banken AB publ’s holdings in Adobe were worth $219,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. denkapparat Operations GmbH lifted its holdings in shares of Adobe by 91.6% during the third quarter. denkapparat Operations GmbH now owns 3,810 shares of the software company’s stock worth $1,344,000 after purchasing an additional 1,822 shares during the period. Summitry LLC lifted its stake in shares of Adobe by 30.8% in the 3rd quarter. Summitry LLC now owns 912 shares of the software company’s stock worth $322,000 after acquiring an additional 215 shares during the period. Zions Bancorporation National Association UT boosted its holdings in shares of Adobe by 350.0% in the third quarter. Zions Bancorporation National Association UT now owns 3,447 shares of the software company’s stock valued at $1,216,000 after acquiring an additional 2,681 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after acquiring an additional 344,816 shares during the period. Finally, AFT Forsyth & Company Inc. increased its stake in shares of Adobe by 14.6% during the third quarter. AFT Forsyth & Company Inc. now owns 4,451 shares of the software company’s stock worth $1,570,000 after acquiring an additional 568 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $263.97 on Tuesday. The firm has a market capitalization of $108.36 billion, a PE ratio of 15.80, a P/E/G ratio of 1.04 and a beta of 1.51. Adobe Inc. has a 52 week low of $251.10 and a 52 week high of $464.99. The firm’s 50-day simple moving average is $316.38 and its 200 day simple moving average is $334.00. 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 (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share 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 firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the firm posted $4.81 EPS. The firm’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. On average, equities research analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. UBS Group cut their price objective on Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley lowered their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group initiated coverage on shares of Adobe in a research note on Monday, January 12th. They issued a “sell” rating and a $290.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $397.16.

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.