Marietta Wealth Management LLC Sells 4,008 Shares of Adobe Inc. $ADBE

Marietta Wealth Management LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 18.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,988 shares of the software company’s stock after selling 4,008 shares during the quarter. Marietta Wealth Management LLC’s holdings in Adobe were worth $6,345,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADBE. Schmidt P J Investment Management Inc. raised its holdings in Adobe by 2.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. Rise Advisors LLC increased its position in shares of Adobe by 7.0% during the first quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock worth $157,000 after purchasing an additional 27 shares in the last quarter. FSM Wealth Advisors LLC boosted its position in shares of Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after purchasing an additional 30 shares in the last quarter. Intellus Advisors LLC grew its stake in Adobe by 1.6% during the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after buying an additional 30 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC raised its stake in Adobe by 2.2% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after buying an additional 31 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of ADBE stock opened at $352.39 on Wednesday. The stock has a market cap of $147.51 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.70. The business has a 50-day simple moving average of $338.85 and a 200-day simple moving average of $352.17. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.81 EPS. 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, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ADBE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a report on Monday. Stifel Nicolaus decreased their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Morgan Stanley lowered their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. Wolfe Research cut their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Finally, Cowen reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $417.93.

Insider Activity

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

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.