Adobe Inc. $ADBE Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 67.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,993 shares of the software company’s stock after buying an additional 10,052 shares during the period. Vise Technologies Inc.’s holdings in Adobe were worth $5,997,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cidel Asset Management Inc. boosted its stake in Adobe by 15.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 3,628 shares of the software company’s stock worth $870,000 after acquiring an additional 475 shares during the last quarter. Greatmark Investment Partners Inc. increased its stake in Adobe by 10.2% in the third quarter. Greatmark Investment Partners Inc. now owns 15,333 shares of the software company’s stock valued at $3,679,000 after purchasing an additional 1,413 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in Adobe by 20.3% in the third quarter. Aprio Wealth Management LLC now owns 2,419 shares of the software company’s stock worth $580,000 after purchasing an additional 409 shares during the period. International Assets Investment Management LLC raised its holdings in Adobe by 319.1% in the third quarter. International Assets Investment Management LLC now owns 38,768 shares of the software company’s stock worth $9,302,000 after purchasing an additional 29,518 shares during the period. Finally, CHICAGO TRUST Co NA bought a new position in shares of Adobe during the third quarter worth $751,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Adobe from $340.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. UBS Group boosted their price objective on Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. BTIG Research reissued a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Finally, Barclays raised their target price on shares of Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Nine investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $283.90.

Insider Activity

In other news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Adobe Stock Up 0.5%

Shares of Adobe stock opened at $251.47 on Tuesday. The business’s 50 day simple moving average is $253.89 and its 200 day simple moving average is $250.69. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The firm has a market cap of $97.87 billion, a PE ratio of 14.03, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the prior year, the company posted $5.31 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, analysts predict that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Adobe Company Profile

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.