Adobe Inc. $ADBE Stake Lessened by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 90.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,502 shares of the software company’s stock after selling 14,496 shares during the period. Teamwork Financial Advisors LLC’s holdings in Adobe were worth $360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of Adobe by 2.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after buying an additional 43 shares during the period. Meridian Management Co. lifted its stake in Adobe by 0.3% in the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock valued at $3,705,000 after acquiring an additional 44 shares during the last quarter. Brown Shipley& Co Ltd increased its stake in shares of Adobe by 28.8% during the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after purchasing an additional 44 shares during the last quarter. United Bank raised its holdings in shares of Adobe by 1.4% during the 1st quarter. United Bank now owns 3,658 shares of the software company’s stock valued at $889,000 after purchasing an additional 49 shares in the last quarter. Finally, Drystone LLC lifted its stake in shares of Adobe by 0.5% in the 2nd quarter. Drystone LLC now owns 10,420 shares of the software company’s stock valued at $2,136,000 after purchasing an additional 50 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ADBE. JPMorgan Chase & Co. lowered their price target on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Jefferies Financial Group lowered their target price on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Weiss Ratings upgraded shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. BMO Capital Markets boosted their target price on shares of Adobe from $230.00 to $270.00 and gave the stock a “market perform” rating in a research report on Friday, September 11th. Finally, Bank of America upped their price target on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Nine analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $283.90.

Adobe Stock Performance

ADBE traded up $1.89 during midday trading on Monday, reaching $247.09. The company’s stock had a trading volume of 2,924,226 shares, compared to its average volume of 5,697,409. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $256.05 and a 200 day simple moving average of $243.01. The stock has a market cap of $96.17 billion, a P/E ratio of 13.79, a PEG ratio of 0.85 and a beta of 1.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $363.70.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the company earned $5.31 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at $59,578,348.68. This trade represents a 17.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 125,416 shares of company stock worth $31,454,466 in the last three months. 0.20% of the stock is owned by insiders.

About Adobe

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.