D.A. Davidson & CO. Acquires 24,400 Shares of Adobe Inc. $ADBE

D.A. Davidson & CO. increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 42.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,632 shares of the software company’s stock after buying an additional 24,400 shares during the period. D.A. Davidson & CO.’s holdings in Adobe were worth $28,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Lathrop Investment Management Co. boosted its stake in Adobe by 2.8% during the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after purchasing an additional 718 shares during the last quarter. Mcdaniel Terry & Co. lifted its stake in shares of Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after buying an additional 1,093 shares in the last quarter. SteelPeak Wealth LLC boosted its position in Adobe by 16.1% during the third quarter. SteelPeak Wealth LLC now owns 29,055 shares of the software company’s stock worth $10,249,000 after acquiring an additional 4,021 shares during the last quarter. Svenska Handelsbanken AB publ purchased a new stake in Adobe during the 3rd quarter valued at about $34,922,000. Finally, Jackson Thornton Wealth Management LLC acquired a new stake in Adobe in the 2nd quarter valued at about $328,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. Piper Sandler lowered their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Morgan Stanley dropped 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, December 11th. Stifel Nicolaus cut their target price on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Barclays reissued an “overweight” rating and set a $415.00 price target on shares of Adobe in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $414.22.

Adobe Stock Down 4.8%

Shares of ADBE opened at $333.30 on Monday. The company’s 50-day moving average price is $338.29 and its 200 day moving average price is $351.26. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market cap of $139.52 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.31 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion during 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 business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business earned $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, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on 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 in the company, valued at $1,157,576.88. This trade 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 the SEC website. 0.16% of the stock is owned by company insiders.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.