4,361 Adobe Inc. $ADBE Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 58.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,100 shares of the software company’s stock after selling 4,361 shares during the period. Jefferies Financial Group Inc.’s holdings in Adobe were worth $744,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADBE. BlackRock Inc. bought a new position in shares of Adobe during the 2nd quarter worth approximately $8,437,821,000. Primecap Management Co. CA acquired a new position in shares of Adobe during the 2nd quarter worth approximately $1,071,668,000. Bank of New York Mellon Corp acquired a new position in shares of Adobe during the 2nd quarter worth approximately $954,468,000. Deutsche Bank AG bought a new stake in Adobe in the 2nd quarter valued at $750,203,000. Finally, Legal & General Group Plc bought a new stake in Adobe in the 2nd quarter valued at $653,307,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock traded up $4.54 on Friday, hitting $243.08. The company’s stock had a trading volume of 2,436,180 shares, compared to its average volume of 3,993,223. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s 50 day moving average is $246.39 and its 200-day moving average is $248.10. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71. The company has a market capitalization of $94.61 billion, a PE ratio of 13.56, a PEG ratio of 0.83 and a beta of 1.37.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on ADBE shares. DA Davidson raised their price target on Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a report on Monday, September 14th. Barclays boosted their price objective on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Adobe in a research report on Wednesday. Citigroup lowered Adobe from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $250.00 to $207.00 in a research note on Wednesday, November 4th. Finally, Wells Fargo & Company cut Adobe from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $270.00 to $225.00 in a report on Monday, October 12th. Nine equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $282.52.

Trending Headlines about Adobe

Here are a few of the latest headlines about ADBE:

• Positive Sentiment: Adobe and Disney are partnering to develop artist-led generative AI models for storytelling. The tie-up could extend Adobe’s AI tools into major creative and entertainment workflows, while Disney’s involvement may help address the importance of artist participation and trusted content. Disney and Adobe Partner on Artist-Led Generative AI Models
• Positive Sentiment: Adobe unveiled new AI capabilities across its creative products, including ways for AI agents to interact with Photoshop and other tools. These features could make its software more useful and help defend its position as creative workflows evolve. Adobe makes major change creators will notice as Citi flags ‘hard reset’
• Neutral Sentiment: Adobe is also testing personalized web-page experiences and has forecast record U.S. online holiday spending. The developments point to opportunities in digital marketing and commerce, but the articles do not establish how much they may add to Adobe’s near-term results. Adobe is testing a tool that tailors web pages to individual visitors

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction that occurred on 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 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 document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Adobe Profile

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.