Adobe Inc. $ADBE Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Adobe Inc. (NASDAQ:ADBEFree Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,900 shares of the software company’s stock after selling 4,040 shares during the period. Yousif Capital Management LLC’s holdings in Adobe were worth $16,065,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ADBE. Riverbend Wealth Management LLC raised its stake in shares of Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after buying an additional 29 shares during the period. Beacon Financial Advisory LLC raised its stake in shares of Adobe by 5.5% during the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after buying an additional 30 shares during the period. MCF Advisors LLC raised its stake in shares of Adobe by 20.8% during the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after buying an additional 30 shares during the period. Dakota Community Bank & Trust NA raised its stake in shares of Adobe by 12.8% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock worth $106,000 after buying an additional 31 shares during the period. Finally, Orrstown Financial Services Inc. raised its stake in shares of Adobe by 1.2% during the 3rd quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock worth $927,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ADBE. DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. UBS Group reduced their price target on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Sanford C. Bernstein set a $447.00 price target on shares of Adobe and gave the stock an “outperform” rating in a research report on Friday, March 13th. William Blair downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $343.88.

Get Our Latest Stock Analysis on Adobe

Adobe Stock Down 1.7%

NASDAQ ADBE opened at $240.14 on Wednesday. The business has a fifty day moving average price of $260.62 and a 200 day moving average price of $309.58. Adobe Inc. has a one year low of $233.15 and a one year high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $97.06 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.95 and a beta of 1.52.

Adobe (NASDAQ:ADBEGet Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company earned $5.08 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. 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 anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% 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 0.20% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

About Adobe

(Free Report)

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.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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