Settian Capital LP Sells 4,000 Shares of Adobe Inc. $ADBE

Settian Capital LP lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 48.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the software company’s stock after selling 4,000 shares during the quarter. Adobe makes up 1.0% of Settian Capital LP’s portfolio, making the stock its 19th biggest position. Settian Capital LP’s holdings in Adobe were worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADBE. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Adobe during the third quarter valued at approximately $27,000. Caitlin John LLC bought a new position in shares of Adobe during the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new position in shares of Adobe during the fourth quarter valued at approximately $28,000. Finally, Marquette Asset Management LLC raised 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 acquiring an additional 34 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Adobe Price Performance

ADBE opened at $246.15 on Tuesday. The stock has a fifty day simple moving average of $250.04 and a two-hundred day simple moving average of $293.59. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $99.49 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group decreased their target price on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. BMO Capital Markets decreased their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group decreased their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. HSBC set a $302.00 price objective on Adobe in a report on Friday, February 13th. Finally, Barclays downgraded Adobe from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $335.00 to $275.00 in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $338.15.

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.