NorthCrest Asset Manangement LLC Acquires 8,564 Shares of Adobe Inc. $ADBE

NorthCrest Asset Manangement LLC boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,838 shares of the software company’s stock after purchasing an additional 8,564 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Adobe were worth $14,573,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ADBE. Norges Bank bought a new stake in shares of Adobe in the 2nd quarter worth about $2,029,950,000. Franklin Resources Inc. boosted its position in Adobe by 68.9% in the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after buying an additional 791,077 shares in the last quarter. Acadian Asset Management LLC boosted its position in Adobe by 218.5% in the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after buying an additional 736,682 shares in the last quarter. Invesco Ltd. grew its stake in Adobe by 16.1% during the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after buying an additional 610,215 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Adobe by 17.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after buying an additional 548,903 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADBE shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Morgan Stanley reduced their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. Cowen restated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Stifel Nicolaus cut their price target on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Finally, The Goldman Sachs Group started coverage on shares of Adobe in a report on Monday, January 12th. They set a “sell” rating and a $290.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $402.85.

Adobe Price Performance

Adobe stock opened at $296.12 on Monday. The business’s 50-day simple moving average is $334.75 and its 200 day simple moving average is $346.95. 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 stock has a market cap of $123.96 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.17 and a beta of 1.53. Adobe Inc. has a 12-month low of $295.42 and a 12-month high of $465.70.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe 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.