Westwood Holdings Group Inc. Buys 79,096 Shares of Adobe Inc. $ADBE

Westwood Holdings Group Inc. grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1,166.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,875 shares of the software company’s stock after purchasing an additional 79,096 shares during the period. Westwood Holdings Group Inc.’s holdings in Adobe were worth $33,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADBE. Kestra Investment Management LLC boosted its position in Adobe by 55.1% during the 2nd quarter. Kestra Investment Management LLC now owns 1,652 shares of the software company’s stock valued at $639,000 after acquiring an additional 587 shares in the last quarter. Rexford Capital Inc. bought a new position in shares of Adobe in the 2nd quarter worth approximately $147,000. National Bank of Canada FI lifted its stake in shares of Adobe by 69.7% in the 2nd quarter. National Bank of Canada FI now owns 518,085 shares of the software company’s stock valued at $200,426,000 after purchasing an additional 212,769 shares during the period. AMS Capital Ltda bought a new stake in shares of Adobe during the second quarter valued at approximately $7,674,000. Finally, Evergreen Capital Management LLC grew its stake in Adobe by 42.6% in the second quarter. Evergreen Capital Management LLC now owns 8,655 shares of the software company’s stock worth $3,348,000 after purchasing an additional 2,586 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADBE. Wells Fargo & Company dropped their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Piper Sandler lowered their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. TD Cowen cut their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday. Oppenheimer decreased their target price on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Adobe in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $417.15.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $356.43 on Monday. The firm has a market cap of $149.20 billion, a P/E ratio of 21.33, a PEG ratio of 1.41 and a beta of 1.54. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $474.91. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $336.07 and a 200 day moving average of $357.10.

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

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was 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 $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Company 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.