GUARDCAP ASSET MANAGEMENT Ltd Sells 46,330 Shares of Adobe Inc. $ADBE

GUARDCAP ASSET MANAGEMENT Ltd reduced its position in Adobe Inc. (NASDAQ:ADBE) by 9.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 462,921 shares of the software company’s stock after selling 46,330 shares during the period. Adobe comprises 3.8% of GUARDCAP ASSET MANAGEMENT Ltd’s holdings, making the stock its 14th largest position. GUARDCAP ASSET MANAGEMENT Ltd owned about 0.11% of Adobe worth $163,295,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management lifted its holdings in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the last quarter. Nexus Investment Management ULC bought a new position in shares of Adobe in the second quarter valued at about $31,000. Horizon Financial Services LLC lifted its stake in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Adobe during the 2nd quarter worth about $35,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Adobe during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADBE shares. Robert W. Baird set a $350.00 price objective on Adobe in a report on Wednesday, January 14th. Wolfe Research lowered their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company dropped their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. BMO Capital Markets cut shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $401.13.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was 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 of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Adobe Trading Down 0.6%

Shares of Adobe stock opened at $266.90 on Tuesday. The firm’s 50 day moving average is $323.41 and its 200 day moving average is $337.66. The firm has a market capitalization 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 1 year low of $262.95 and a 1 year high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during 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 firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.