1,717 Shares in Adobe Inc. $ADBE Acquired by Simplify Asset Management Inc.

Simplify Asset Management Inc. acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to its most recent filing with the SEC. The fund acquired 1,717 shares of the software company’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1248 Management LLC purchased a new position in shares of Adobe in the first quarter valued at $25,000. LSV Asset Management grew 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 buying an additional 56 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Adobe during the first quarter valued at about $29,000. Nexus Investment Management ULC purchased a new stake in shares of Adobe in the second quarter worth about $31,000. Finally, Horizon Financial Services LLC boosted its position in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares during the period. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a report on Monday, December 22nd. Oppenheimer lowered their price objective on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Thursday, December 11th. Finally, Morgan Stanley decreased their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $417.93.

Adobe Trading Down 0.2%

Shares of ADBE stock opened at $353.16 on Tuesday. The business has a 50-day moving average price of $338.96 and a two-hundred day moving average price of $352.45. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $147.83 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54.

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 analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last 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. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

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.