Envestnet Portfolio Solutions Inc. Has $2.53 Million Stock Holdings in Adobe Inc. $ADBE

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 70.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,158 shares of the software company’s stock after selling 17,326 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Adobe were worth $2,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADBE. Riverbend Wealth Management LLC raised its position in shares of Adobe by 1.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after buying an additional 29 shares in the last quarter. FSM Wealth Advisors LLC increased its stake in Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after acquiring an additional 30 shares during the last quarter. Intellus Advisors LLC raised its position in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after purchasing an additional 30 shares in the last quarter. Beacon Financial Advisory LLC lifted its stake in Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Adobe by 44.9% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Adobe Price Performance

Shares of ADBE opened at $304.72 on Tuesday. The business has a 50-day moving average of $330.69 and a 200-day moving average of $343.59. Adobe Inc. has a 1 year low of $288.33 and a 1 year high of $465.70. The company has a market capitalization of $125.09 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the topic of several research analyst reports. BMO Capital Markets lowered Adobe from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $400.00 to $375.00 in a research note on Friday, January 9th. Wolfe Research reduced their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company lowered their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Robert W. Baird set a $350.00 target price on shares of Adobe in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $397.19.

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.