UNIVEST FINANCIAL Corp Purchases Shares of 26,482 Adobe Inc. $ADBE

UNIVEST FINANCIAL Corp bought a new stake in Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,482 shares of the software company’s stock, valued at approximately $5,429,000.

A number of other hedge funds also recently bought and sold shares of the business. Western Pacific Wealth Management LP bought a new position in Adobe during the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe in the 3rd quarter worth about $26,000. TrustBank purchased a new stake in shares of Adobe during the 4th quarter valued at about $28,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Adobe during the 4th quarter valued at about $31,000. Finally, Sankala Group LLC bought a new position in shares of Adobe in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on ADBE shares. Evercore set a $225.00 price objective on Adobe and gave the stock an “in-line” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. lowered their price objective on Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. The Goldman Sachs Group dropped their target price on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a report on Friday, June 12th. Piper Sandler cut their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Finally, UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $269.81.

Adobe Price Performance

Adobe stock opened at $254.04 on Tuesday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. The stock has a market cap of $100.98 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The firm has a 50-day moving average of $228.82 and a two-hundred day moving average of $245.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, research analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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.