Adobe Inc. $ADBE Position Boosted by Providence Capital Advisors LLC

Providence Capital Advisors LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 47.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,162 shares of the software company’s stock after acquiring an additional 7,824 shares during the period. Adobe makes up 1.5% of Providence Capital Advisors LLC’s holdings, making the stock its 19th largest position. Providence Capital Advisors LLC’s holdings in Adobe were worth $8,523,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ADBE. Riverbend Wealth Management LLC raised its position in shares of Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after buying an additional 29 shares in the last quarter. FSM Wealth Advisors LLC raised its stake in shares of Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after buying an additional 30 shares in the last quarter. Intellus Advisors LLC raised its position in Adobe by 1.6% in the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after acquiring an additional 30 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. 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. TD Cowen lowered their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $430.00 target price on shares of Adobe in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $401.13.

Insiders Place Their Bets

In other news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $266.90 on Tuesday. The company’s 50-day moving average price is $323.41 and its two-hundred day moving average price is $337.66. The firm has a market cap of $109.56 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. Adobe Inc. has a 12 month low of $262.95 and a 12 month high of $465.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating 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 business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the business posted $4.81 earnings per share. Adobe’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. On average, equities analysts anticipate 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.