World Investment Advisors Sells 1,573 Shares of Adobe Inc. $ADBE

World Investment Advisors decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,624 shares of the software company’s stock after selling 1,573 shares during the period. World Investment Advisors’ holdings in Adobe were worth $7,980,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 1248 Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $25,000. LSV Asset Management increased its stake in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Adobe during the first quarter valued at about $29,000. Nexus Investment Management ULC purchased a new position in shares of Adobe in the second quarter valued at about $31,000. Finally, Horizon Financial Services LLC lifted its position 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 valued at $32,000 after acquiring an additional 80 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ADBE. Piper Sandler decreased their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Wolfe Research cut their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. BMO Capital Markets lowered their target price on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Evercore ISI cut their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $417.93.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Adobe Price Performance

Adobe stock opened at $353.03 on Friday. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.70. 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 firm’s fifty day moving average is $338.35 and its 200 day moving average is $354.16. The company has a market cap of $147.78 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.39 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the firm posted $4.81 EPS. The business’s quarterly 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. Sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.