Adobe Inc. $ADBE Stock Holdings Reduced by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 84.4% in the third quarter, HoldingsChannel reports. The firm owned 4,136 shares of the software company’s stock after selling 22,346 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Adobe were worth $992,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Investment Research & Advisory Group Inc. grew its stake in shares of Adobe by 185.7% in the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of Adobe in the second quarter valued at $95,000. Latitude Advisors LLC acquired a new stake in shares of Adobe in the third quarter valued at $29,000. North Point Portfolio Managers Corp OH purchased a new position in Adobe in the third quarter valued at $30,000. Finally, Bullock Wealth Management Group boosted its holdings in Adobe by 468.2% in the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock valued at $30,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the completion of the transaction, the chief executive officer owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Up 0.4%

Shares of NASDAQ:ADBE opened at $238.54 on Friday. The firm has a 50 day simple moving average of $247.24 and a 200-day simple moving average of $248.37. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $92.84 billion, a PE ratio of 13.31, a P/E/G ratio of 0.83 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm 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. On average, equities analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADBE shares. Royal Bank Of Canada restated an “outperform” rating and set a $315.00 price target on shares of Adobe in a report on Wednesday. HSBC cut Adobe from a “buy” rating to a “hold” rating and decreased their price objective for the company from $310.00 to $267.00 in a research note on Tuesday, October 13th. UBS Group boosted their price objective on Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Morgan Stanley reissued an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. Finally, Jefferies Financial Group cut their target price on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average price target of $282.52.

Key Stories Impacting Adobe

Investors following ADBE have been watching these stories:

• 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
• Positive Sentiment: A multiyear Disney partnership will develop AI tools for use across its businesses, while Adobe is also opening Creative Cloud apps to outside AI assistants. These initiatives could create new use cases and strengthen Adobe’s position in AI-powered creative software. Disney expands Adobe AI partnership Adobe opens Creative Cloud apps to third-party AI assistants
• 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

Adobe Profile

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.