UNIVEST FINANCIAL Corp Takes $5.43 Million Position in Adobe Inc. $ADBE

UNIVEST FINANCIAL Corp acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 26,482 shares of the software company’s stock, valued at approximately $5,429,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADBE. SWAN Capital LLC boosted its position in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after purchasing an additional 31 shares in the last quarter. Logan Capital Management Inc. increased its position in Adobe by 0.3% during the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after buying an additional 32 shares in the last quarter. Vista Capital Partners Inc. raised its stake in Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock valued at $241,000 after buying an additional 34 shares during the last quarter. Klingman & Associates LLC raised its stake in Adobe by 3.5% in the fourth quarter. Klingman & Associates LLC now owns 1,104 shares of the software company’s stock valued at $386,000 after buying an additional 37 shares during the last quarter. Finally, Seeds Investor LLC boosted its holdings in Adobe by 6.7% in the fourth quarter. Seeds Investor LLC now owns 617 shares of the software company’s stock worth $216,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Robert W. Baird lowered their target price on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Bank of America reissued an “underperform” rating and set a $190.00 target price on shares of Adobe in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group cut their price target on shares of Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $269.81.

Adobe Stock Down 3.8%

Shares of ADBE stock opened at $254.04 on Tuesday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The firm has a market capitalization of $100.98 billion, a PE ratio of 14.53, a P/E/G ratio of 0.89 and a beta of 1.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $228.82 and its 200-day simple moving average is $245.32.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities analysts expect that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

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.