Addenda Capital Inc. Buys 13,072 Shares of Adobe Inc. $ADBE

Addenda Capital Inc. lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 38.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,825 shares of the software company’s stock after purchasing an additional 13,072 shares during the quarter. Addenda Capital Inc.’s holdings in Adobe were worth $16,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its position in Adobe by 6.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 18,286 shares of the software company’s stock valued at $6,450,000 after acquiring an additional 1,043 shares in the last quarter. Chapin Davis Inc. lifted its holdings in shares of Adobe by 2.1% during the third quarter. Chapin Davis Inc. now owns 2,880 shares of the software company’s stock valued at $1,016,000 after purchasing an additional 59 shares in the last quarter. Riversedge Advisors LLC lifted its holdings in shares of Adobe by 158.1% during the third quarter. Riversedge Advisors LLC now owns 1,492 shares of the software company’s stock valued at $526,000 after purchasing an additional 914 shares in the last quarter. Amiral Gestion increased its holdings in Adobe by 28.0% in the 3rd quarter. Amiral Gestion now owns 124,108 shares of the software company’s stock worth $43,779,000 after buying an additional 27,159 shares in the last quarter. Finally, Pacifica Partners Inc. increased its holdings in Adobe by 165.8% in the 3rd quarter. Pacifica Partners Inc. now owns 3,232 shares of the software company’s stock worth $1,111,000 after buying an additional 2,016 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 0.3%

Adobe stock opened at $355.81 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The firm has a market capitalization of $148.94 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.40 and a beta of 1.54. The firm has a 50 day moving average of $336.37 and a 200 day moving average of $356.18.

Adobe (NASDAQ:ADBE) last announced 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. The firm 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 company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’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 sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Redburn Partners set a $280.00 price objective on shares of Adobe in a research report on Monday, September 1st. Wolfe Research dropped their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company decreased their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $417.93.

Adobe 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.