UNIVEST FINANCIAL Corp Grows Holdings in Adobe Inc. $ADBE

UNIVEST FINANCIAL Corp boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBEFree Report) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,243 shares of the software company’s stock after purchasing an additional 4,916 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Adobe were worth $10,315,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Riverbend Wealth Management LLC increased its position in 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 acquiring an additional 29 shares during the period. FSM Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 30 shares during the period. Intellus Advisors LLC raised its stake in shares of Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after purchasing an additional 30 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in shares of 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 period. Finally, Barnes Dennig Private Wealth Management LLC grew its position in 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 buying an additional 31 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on ADBE. BMO Capital Markets cut shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Wolfe Research reduced their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. UBS Group set a $487.00 target price on Adobe in a research report on Sunday, December 14th. Wells Fargo & Company reduced their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Barclays restated an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average price target of $402.85.

Get Our Latest Stock Analysis on ADBE

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

Adobe Trading Up 1.8%

Shares of ADBE stock opened at $299.62 on Friday. Adobe Inc. has a fifty-two week low of $288.33 and a fifty-two week high of $465.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $331.70 and a 200-day simple moving average of $345.05. The stock has a market cap of $122.99 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.16 and a beta of 1.53.

Adobe (NASDAQ:ADBEGet Free Report) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the firm posted $4.81 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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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