Adobe Inc. $ADBE Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of Adobe Inc. (NASDAQ:ADBEFree Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,900 shares of the software company’s stock after selling 4,040 shares during the quarter. Yousif Capital Management LLC’s holdings in Adobe were worth $16,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADBE. Measured Wealth Private Client Group LLC purchased a new stake in shares of Adobe during the third quarter valued at $26,000. Caitlin John LLC purchased a new stake in shares of Adobe during the third quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Adobe during the fourth quarter valued at $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Adobe during the third quarter valued at $27,000. Finally, Marquette Asset Management LLC grew its holdings in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. TD Cowen decreased their target price on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. KeyCorp decreased their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Morgan Stanley decreased their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Finally, William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus price target of $343.88.

Read Our Latest Stock Analysis on ADBE

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Adobe Stock Down 1.7%

Shares of ADBE opened at $240.14 on Wednesday. The company has a market capitalization of $97.06 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.95 and a beta of 1.52. Adobe Inc. has a 52 week low of $233.15 and a 52 week high of $422.95. The stock’s 50-day moving average price is $260.62 and its 200-day moving average price is $309.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBEGet Free Report) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $5.08 earnings per share. Adobe’s revenue for the quarter was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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