Adobe Inc. $ADBE Stock: UNIVEST FINANCIAL Corp Cuts Holdings

UNIVEST FINANCIAL Corp decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 84.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,136 shares of the software company’s stock after selling 22,346 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Adobe were worth $992,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. boosted its holdings in shares of Adobe by 185.7% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of Adobe in the second quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Adobe in the second quarter valued at approximately $28,000. Latitude Advisors LLC acquired a new stake in shares of Adobe in the third quarter valued at approximately $29,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Adobe in the third quarter valued at approximately $30,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

NASDAQ:ADBE opened at $238.54 on Friday. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $362.71. The stock’s fifty day moving average is $247.24 and its two-hundred day moving average is $248.37. The company has a market capitalization of $92.84 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Equities analysts expect that Adobe Inc. will post 20.01 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler boosted their price objective on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Weiss Ratings raised Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Mizuho set a $260.00 target price on Adobe and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Finally, Robert W. Baird boosted their price target on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $282.52.

Key Adobe News

These are some of the ADBE news items that stood out recently:

• Positive Sentiment: Adobe expanded its Google partnership, bringing Acrobat features into Google Workspace and integrating Google AI models into Adobe products. Wider distribution and deeper workflow integration could help Adobe defend and extend its customer reach. Adobe expands its AI partnership and workspace reach
• Neutral Sentiment: Adobe showcased experimental AI features, including agent-driven editing and new video and image tools. The announcements demonstrate product innovation, but the coverage does not establish when these features will generate meaningful revenue. Adobe’s AI experiments
• Negative Sentiment: Citi’s “hard reset” concerns point to investor uncertainty about how quickly opening flagship apps to external agents will pay off. Other coverage says Adobe is down about 31% this year and notes recent price-target cuts, adding pressure despite the product news. Citi flags a hard reset Adobe is down about 31% this year

Insider Buying and Selling

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the completion of the transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at $72,757,189.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

About Adobe

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.