Osprey Private Wealth LLC Buys 2,975 Shares of Adobe Inc. $ADBE

Osprey Private Wealth LLC grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 35.3% during the third quarter, Holdings Channel.com reports. The fund owned 11,392 shares of the software company’s stock after purchasing an additional 2,975 shares during the quarter. Adobe comprises 1.5% of Osprey Private Wealth LLC’s portfolio, making the stock its 28th biggest holding. Osprey Private Wealth LLC’s holdings in Adobe were worth $4,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new stake in Adobe in the 1st quarter worth about $25,000. LSV Asset Management boosted its stake in shares of 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 last quarter. Flaharty Asset Management LLC bought a new stake in Adobe during the first quarter worth $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter worth $31,000. Finally, Horizon Financial Services LLC boosted its position in 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 last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $354.66 on Thursday. The firm has a market capitalization of $148.46 billion, a P/E ratio of 21.22, a PEG ratio of 1.37 and a beta of 1.54. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. 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 business has a fifty day moving average price of $336.20 and a 200-day moving average price of $356.18.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) 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 analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the firm posted $4.81 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ADBE shares. Morgan Stanley lowered their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. Citigroup raised their price target on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays reiterated an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. Evercore ISI decreased their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $417.93.

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.