Adobe Inc. $ADBE Stock Position Cut by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 45.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,376 shares of the software company’s stock after selling 7,822 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Adobe were worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 valued at $2,097,289,000 after acquiring an additional 126,688 shares during the period. Norges Bank acquired a new position in shares of Adobe during the 2nd quarter valued at $2,029,950,000. Invesco Ltd. raised its stake in shares of Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after buying an additional 610,215 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after buying an additional 548,903 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of 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 valued at $1,202,979,000 after buying an additional 2,347,562 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Trading Down 0.5%

Adobe stock opened at $331.56 on Tuesday. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. The firm has a market capitalization of $138.79 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.31 and a beta of 1.53. The company has a 50 day moving average price of $337.76 and a 200 day moving average price of $350.93.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

ADBE has been the topic of a number of research analyst reports. Wolfe Research lowered their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Oppenheimer lowered their price objective on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research note on Friday, December 5th. BMO Capital Markets decreased their price target on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Morgan Stanley dropped their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $414.22.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Adobe Company 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.