Meitav Investment House Ltd. Trims Stock Position in Adobe Inc. $ADBE

Meitav Investment House Ltd. lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,152 shares of the software company’s stock after selling 10,076 shares during the period. Meitav Investment House Ltd.’s holdings in Adobe were worth $41,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ADBE. LSV Asset Management grew its stake in Adobe by 350.0% during 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. Nexus Investment Management ULC acquired a new stake in shares of Adobe in the second quarter valued at approximately $31,000. Horizon Financial Services LLC boosted 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 valued at $32,000 after acquiring an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in shares of Adobe during the second quarter worth approximately $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Adobe in the 3rd quarter valued at $35,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ADBE shares. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Finally, Oppenheimer cut Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $402.85.

Adobe Trading Down 2.6%

Shares of ADBE stock opened at $296.12 on Friday. The business’s fifty day moving average price is $334.75 and its 200 day moving average price is $347.17. The firm has a market capitalization of $123.96 billion, a PE ratio of 17.72, a P/E/G ratio of 1.17 and a beta of 1.53. 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 1-year low of $295.42 and a 1-year high of $465.70.

Adobe (NASDAQ:ADBE) last issued its 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. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the firm earned $4.81 EPS. The business’s 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, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.