Advisory Services Network LLC Boosts Stake in Adobe Inc. $ADBE

Advisory Services Network LLC lifted its position in Adobe Inc. (NASDAQ:ADBE) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,221 shares of the software company’s stock after purchasing an additional 3,819 shares during the quarter. Advisory Services Network LLC’s holdings in Adobe were worth $9,021,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Adobe by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after acquiring an additional 126,688 shares during the last quarter. Norges Bank purchased a new stake in Adobe in the 2nd quarter valued at $2,029,950,000. Amundi raised its position in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. Invesco Ltd. boosted its stake in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Adobe by 17.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ADBE shares. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Adobe in a research note on Thursday. Stifel Nicolaus lowered their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Citigroup cut their price target on Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Finally, Wells Fargo & Company decreased their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. One 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 given a Sell rating to the company. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $417.33.

Adobe Trading Up 1.7%

Shares of ADBE stock opened at $356.43 on Monday. The business’s fifty day moving average price is $336.07 and its 200 day moving average price is $357.10. The firm has a market capitalization of $149.20 billion, a PE ratio of 21.33, a P/E/G ratio of 1.41 and a beta of 1.54. 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 $311.58 and a 1-year high of $474.91.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the firm posted $4.81 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. 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.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe 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 sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction 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.

About Adobe

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.