Teamwork Financial Advisors LLC Purchases 3,919 Shares of Adobe Inc. $ADBE

Teamwork Financial Advisors LLC increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 62.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,186 shares of the software company’s stock after acquiring an additional 3,919 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Adobe were worth $3,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Osprey Private Wealth LLC lifted its position in Adobe by 35.3% during the 3rd quarter. Osprey Private Wealth LLC now owns 11,392 shares of the software company’s stock valued at $4,019,000 after purchasing an additional 2,975 shares during the period. Peoples Bank KS grew its position in shares of Adobe by 3.4% during the 3rd quarter. Peoples Bank KS now owns 2,008 shares of the software company’s stock worth $708,000 after buying an additional 66 shares during the period. RDA Financial Network raised its stake in shares of Adobe by 19.3% during the third quarter. RDA Financial Network now owns 8,649 shares of the software company’s stock worth $3,051,000 after buying an additional 1,400 shares during the last quarter. Tompkins Financial Corp lifted its holdings in Adobe by 2.0% in the third quarter. Tompkins Financial Corp now owns 14,213 shares of the software company’s stock valued at $5,014,000 after buying an additional 277 shares during the period. Finally, Czech National Bank boosted its stake in Adobe by 3.4% in the third quarter. Czech National Bank now owns 107,738 shares of the software company’s stock valued at $38,005,000 after acquiring an additional 3,560 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on ADBE shares. Jefferies Financial Group dropped their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Evercore ISI dropped their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Wells Fargo & Company reduced their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Stifel Nicolaus decreased their target price on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Oppenheimer cut their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $417.93.

Adobe Stock Up 0.3%

Adobe stock opened at $355.81 on Friday. The company has a 50 day moving average of $336.37 and a 200-day moving average of $356.18. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The stock has a market capitalization of $148.94 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54.

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

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was 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 directly owned 3,426 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.