Zions Bancorporation National Association UT Buys 2,681 Shares of Adobe Inc. $ADBE

Zions Bancorporation National Association UT lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 350.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,447 shares of the software company’s stock after acquiring an additional 2,681 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Adobe were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. LSV Asset Management raised its stake in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the last quarter. Horizon Financial Services LLC grew its holdings in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Total Investment Management Inc. bought a new stake in shares of Adobe in the second quarter worth $35,000. Heartwood Wealth Advisors LLC purchased a new stake in Adobe during the third quarter valued at $35,000. Finally, Howard Hughes Medical Institute bought a new position in Adobe in the second quarter valued at about $36,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Up 0.6%

Shares of ADBE stock opened at $263.97 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a one year low of $251.10 and a one year high of $464.99. The company’s fifty day moving average price is $316.38 and its 200-day moving average price is $334.00. The company has a market capitalization of $108.36 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.04 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last issued 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. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the business posted $4.81 EPS. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of recent research reports. Citigroup boosted their price target on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Morgan Stanley dropped their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. HSBC set a $302.00 price target on shares of Adobe in a research report on Friday. Finally, Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $397.16.

Adobe Company Profile

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.