4,274 Shares in Adobe Inc. $ADBE Purchased by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. bought a new position in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,274 shares of the software company’s stock, valued at approximately $1,654,000. Adobe accounts for 1.3% of North Dallas Bank & Trust Co.’s portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1248 Management LLC bought a new position in shares of Adobe in the first quarter valued at approximately $25,000. LSV Asset Management lifted its stake 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 purchasing an additional 56 shares in the last quarter. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter valued at $29,000. Nexus Investment Management ULC purchased a new position in shares of Adobe during the 2nd quarter valued at $31,000. Finally, Horizon Financial Services LLC increased its holdings 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 purchasing an additional 80 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ADBE. BMO Capital Markets reissued an “outperform” rating and set a $405.00 price objective on shares of Adobe in a research note on Wednesday, October 29th. Morgan Stanley dropped their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday. Oppenheimer decreased their price objective on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Stifel Nicolaus cut their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $413.19.

Adobe Stock Up 1.7%

Shares of ADBE opened at $356.43 on Friday. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $474.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock has a 50 day simple moving average of $336.07 and a two-hundred day simple moving average of $357.48. The firm has a market cap of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $4.81 earnings per share. 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 forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were 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 directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.