Phoenix Financial Ltd. Trims Holdings in Adobe Inc. $ADBE

Phoenix Financial Ltd. decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 36.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,883 shares of the software company’s stock after selling 14,846 shares during the period. Phoenix Financial Ltd.’s holdings in Adobe were worth $9,233,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADBE. LSV Asset Management raised its holdings in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares in the last quarter. Nexus Investment Management ULC purchased a new position in Adobe during the 2nd quarter valued at $31,000. Horizon Financial Services LLC increased its position in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. bought a new position in Adobe in the 2nd quarter worth $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Adobe in the 3rd quarter worth about $35,000. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Oppenheimer cut Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Citigroup lifted their price target on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Finally, Stifel Nicolaus decreased their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $397.19.

Adobe Stock Up 1.2%

Shares of NASDAQ:ADBE opened at $304.72 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $330.69 and a two-hundred day simple moving average of $343.59. Adobe Inc. has a 12-month low of $288.33 and a 12-month high of $465.70. The stock has a market capitalization of $125.09 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.18 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion during 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 revenue was up 10.5% on a year-over-year basis. During the same period last year, the company 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. On average, research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

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.