Arvest Bank Trust Division Invests $3.15 Million in Adobe Inc. $ADBE

Arvest Bank Trust Division acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,926 shares of the software company’s stock, valued at approximately $3,149,000.

Several other hedge funds have also recently added to or reduced their stakes in ADBE. LSV Asset Management grew its position in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the period. Horizon Financial Services LLC grew its holdings in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. acquired a new position in Adobe during the second quarter valued at approximately $35,000. Heartwood Wealth Advisors LLC bought a new stake in Adobe in the third quarter valued at approximately $35,000. Finally, Howard Hughes Medical Institute acquired a new stake in Adobe in the second quarter worth $36,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADBE has been the subject of several research analyst reports. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Wolfe Research decreased their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and lowered their target price for the stock from $500.00 to $400.00 in a research note on Monday, January 5th. Royal Bank Of Canada restated an “outperform” rating and set a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Finally, Morgan Stanley reduced their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $397.16.

Adobe Stock Performance

NASDAQ ADBE opened at $263.97 on Tuesday. The firm has a market capitalization of $108.36 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $316.38 and its two-hundred day moving average price is $334.00. Adobe Inc. has a 1 year low of $251.10 and a 1 year high of $464.99.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. 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. As a group, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.