Bellecapital International Ltd. Purchases 2,533 Shares of Adobe Inc. $ADBE

Bellecapital International Ltd. boosted its position in Adobe Inc. (NASDAQ:ADBE) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,715 shares of the software company’s stock after buying an additional 2,533 shares during the period. Adobe makes up 3.0% of Bellecapital International Ltd.’s holdings, making the stock its 13th biggest holding. Bellecapital International Ltd.’s holdings in Adobe were worth $18,595,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ADBE. Norges Bank bought a new stake in shares of Adobe during the 2nd quarter valued at about $2,029,950,000. Assenagon Asset Management S.A. increased its holdings in Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after purchasing an additional 2,347,562 shares in the last quarter. Amundi lifted its stake in Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after buying an additional 961,895 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Adobe by 116.9% during the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock worth $616,345,000 after buying an additional 880,134 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Adobe during the 2nd quarter worth approximately $318,224,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADBE. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Wells Fargo & Company decreased their price target 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. Stifel Nicolaus cut their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Redburn Partners set a $280.00 target price on Adobe in a research note on Monday, September 1st. Finally, Barclays reaffirmed an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $417.93.

Adobe Trading Up 0.2%

NASDAQ:ADBE opened at $353.80 on Friday. The firm has a 50-day moving average price of $338.76 and a two-hundred day moving average price of $353.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The firm has a market cap of $148.10 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.39 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 earnings per share (EPS) for the quarter, topping 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 company posted $4.81 earnings per share. The firm’s quarterly 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. On average, equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’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 in the company, valued at $1,157,576.88. The trade was 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 through this hyperlink. 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.