Dash Acquisitions Inc. Sells 5,901 Shares of Adobe Inc. $ADBE

Dash Acquisitions Inc. cut its stake in shares of Adobe Inc. (NASDAQ:ADBEFree Report) by 19.4% during the 3rd quarter, Holdings Channel reports. The fund owned 24,537 shares of the software company’s stock after selling 5,901 shares during the period. Adobe comprises approximately 1.7% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 19th largest position. Dash Acquisitions Inc.’s holdings in Adobe were worth $8,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Adobe in the second quarter valued at about $2,029,950,000. Invesco Ltd. boosted its position in Adobe by 16.1% during the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after buying an additional 548,903 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Adobe by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after purchasing an additional 24,333 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Adobe by 3.8% in the 2nd quarter. Schroder Investment Management Group now owns 2,137,724 shares of the software company’s stock worth $827,043,000 after purchasing an additional 78,186 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. The Goldman Sachs Group began coverage on shares of Adobe in a research note on Monday, January 12th. They issued a “sell” rating and a $290.00 target price on the stock. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley cut their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $402.85.

Read Our Latest Stock Analysis on Adobe

Adobe Stock Performance

Adobe stock opened at $301.07 on Friday. The firm has a fifty day simple moving average of $331.10 and a two-hundred day simple moving average of $344.53. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $288.33 and a twelve month high of $465.70. The company has a market capitalization of $123.59 billion, a PE ratio of 18.02, a P/E/G ratio of 1.18 and a beta of 1.53.

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

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

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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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