Talbot Financial LLC Grows Position in Adobe Inc. $ADBE

Talbot Financial LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 11.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 51,276 shares of the software company’s stock after purchasing an additional 5,119 shares during the period. Adobe accounts for about 1.5% of Talbot Financial LLC’s portfolio, making the stock its 27th largest position. Talbot Financial LLC’s holdings in Adobe were worth $18,088,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ADBE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Adobe by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after buying an additional 126,688 shares during the period. Norges Bank bought a new stake in Adobe during the 2nd quarter valued at $2,029,950,000. Amundi boosted its position in Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after acquiring an additional 610,215 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of 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 acquiring an additional 548,903 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated 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 approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. TD Cowen lowered their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Citigroup boosted their price objective on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday. Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. Finally, Cowen restated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $417.93.

Adobe Stock Up 0.3%

NASDAQ:ADBE opened at $355.81 on Friday. The company has a market cap of $148.94 billion, a PE ratio of 21.29, a P/E/G ratio of 1.40 and a beta of 1.54. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $336.37 and its two-hundred day moving average is $356.18.

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

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.