Adobe Inc. $ADBE Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 17.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 51,623 shares of the software company’s stock after acquiring an additional 7,669 shares during the period. OLD National Bancorp IN’s holdings in Adobe were worth $18,210,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Adobe in the 2nd quarter valued at $2,029,950,000. Assenagon Asset Management S.A. boosted its holdings in shares of Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after buying an additional 2,347,562 shares during the period. Amundi increased its position in shares of Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after acquiring an additional 961,895 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Adobe by 116.9% during the first quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after acquiring an additional 880,134 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in shares of Adobe in the 2nd quarter valued at approximately $318,224,000. 81.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent analyst reports. Evercore ISI cut their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. UBS Group set a $487.00 price objective on Adobe in a research report on Sunday, December 14th. BMO Capital Markets reduced their price target on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group cut their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $417.93.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe Stock Up 0.5%

Adobe stock opened at $357.53 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The firm’s fifty day simple moving average is $337.10 and its 200-day simple moving average is $354.63. The company has a market capitalization of $149.66 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.40 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the business posted $4.81 earnings per share. The business’s quarterly revenue 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. Sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.