Dynamic Advisor Solutions LLC Sells 6,769 Shares of Adobe Inc. $ADBE

Dynamic Advisor Solutions LLC trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBEFree Report) by 37.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,517 shares of the software company’s stock after selling 6,769 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Adobe were worth $4,031,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pacifica Partners Inc. grew its stake in shares of Adobe by 66.5% during the fourth quarter. Pacifica Partners Inc. now owns 5,380 shares of the software company’s stock valued at $1,793,000 after purchasing an additional 2,148 shares during the last quarter. Independence Wealth Advisors LLC acquired a new stake in shares of Adobe in the fourth quarter valued at approximately $278,000. Teamwork Financial Advisors LLC raised its position in Adobe by 21.0% in the 4th quarter. Teamwork Financial Advisors LLC now owns 12,326 shares of the software company’s stock worth $4,314,000 after purchasing an additional 2,140 shares during the last quarter. Goodman Financial Corp lifted its holdings in Adobe by 2.6% during the 4th quarter. Goodman Financial Corp now owns 38,272 shares of the software company’s stock worth $13,395,000 after buying an additional 980 shares in the last quarter. Finally, Chesapeake Asset Management LLC acquired a new position in Adobe during the 4th quarter worth $31,000. Institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several research reports. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Piper Sandler cut their price target on Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Sanford C. Bernstein set a $447.00 price target on Adobe and gave the company an “outperform” rating in a report on Friday, March 13th. The Goldman Sachs Group lowered their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Finally, Stifel Nicolaus dropped their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $343.88.

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More Adobe News

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Adobe Stock Down 0.2%

NASDAQ:ADBE opened at $247.57 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 12-month low of $241.00 and a 12-month high of $422.95. The stock’s fifty day simple moving average is $273.63 and its 200-day simple moving average is $318.45. The firm has a market capitalization of $101.63 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.97 and a beta of 1.53.

Adobe (NASDAQ:ADBEGet Free Report) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company posted $5.08 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

In other 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 sale, the chief financial officer directly 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Adobe Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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