Adobe Inc. $ADBE Shares Newly Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC purchased a new position in Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,214 shares of the software company’s stock, valued at approximately $2,211,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Adobe during the second quarter valued at about $8,437,821,000. Arrowstreet Capital Limited Partnership raised its position in shares of Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after purchasing an additional 563,772 shares during the last quarter. Amundi raised its position in shares of Adobe by 11.0% in the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after purchasing an additional 518,362 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Adobe in the 2nd quarter valued at approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Adobe by 0.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock worth $1,034,438,000 after purchasing an additional 18,995 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, September 9th. DA Davidson upped their price target on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Monday, September 14th. BTIG Research reaffirmed a “neutral” rating on shares of Adobe in a report on Friday, September 11th. CLSA started coverage on shares of Adobe in a research note on Monday, July 20th. They set an “outperform” rating and a $300.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $283.90.

Insider Activity

In other news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at $72,757,189.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Adobe Trading Up 0.6%

NASDAQ ADBE opened at $249.76 on Thursday. The company has a market capitalization of $97.21 billion, a PE ratio of 13.94, a P/E/G ratio of 0.92 and a beta of 1.42. The company has a fifty day moving average of $255.30 and a 200 day moving average of $251.80. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $362.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Research analysts forecast that Adobe Inc. will post 20.01 earnings per share for the current year.

Adobe Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.