Jacobs & Co. CA Sells 2,395 Shares of Adobe Inc. $ADBE

Jacobs & Co. CA cut its position in Adobe Inc. (NASDAQ:ADBE) by 6.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 35,867 shares of the software company’s stock after selling 2,395 shares during the quarter. Jacobs & Co. CA’s holdings in Adobe were worth $12,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lathrop Investment Management Co. increased its holdings in shares of Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after acquiring an additional 718 shares in the last quarter. Mcdaniel Terry & Co. grew its position in shares of Adobe by 2.8% in the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after purchasing an additional 1,093 shares during the period. Jackson Thornton Wealth Management LLC bought a new stake in Adobe during the 2nd quarter worth approximately $328,000. Bourgeon Capital Management LLC increased its stake in Adobe by 41.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock worth $9,548,000 after purchasing an additional 7,176 shares in the last quarter. Finally, World Investment Advisors raised its holdings in Adobe by 8.0% during the 2nd quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock worth $9,361,000 after buying an additional 1,794 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Up 1.7%

Adobe stock opened at $356.43 on Monday. The company has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.41 and a beta of 1.54. The firm has a 50-day moving average of $336.07 and a 200-day moving average of $357.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a one year low of $311.58 and a one year high of $474.91.

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

Analyst Ratings Changes

Several research firms have recently weighed in on ADBE. TD Cowen reduced their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a report on Thursday. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Morgan Stanley lowered their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday. Jefferies Financial Group dropped their price target on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $417.15.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.

Adobe Company 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.