Dara Capital US Inc. purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,627 shares of the software company’s stock, valued at approximately $1,269,000. Adobe accounts for approximately 1.1% of Dara Capital US Inc.’s holdings, making the stock its 20th biggest position.
Several other hedge funds and other institutional investors also recently modified their holdings of ADBE. Arrowstreet Capital Limited Partnership increased its position in shares of Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after buying an additional 1,952,994 shares during the period. Dodge & Cox increased its position in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after buying an additional 1,573,849 shares during the period. AQR Capital Management LLC increased its position in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after buying an additional 920,353 shares during the period. Amundi increased its position in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Adobe by 112.6% during the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after buying an additional 710,357 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Key Headlines Impacting Adobe
Here are the key news stories impacting Adobe this week:
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ADBE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Mizuho dropped their price objective on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. DA Davidson set a $300.00 price objective on shares of Adobe in a research note on Friday, March 13th. JPMorgan Chase & Co. dropped their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, Piper Sandler dropped their price objective on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $343.88.
Get Our Latest Research Report on ADBE
Insider Activity
In other news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Adobe Trading Down 2.0%
Shares of NASDAQ ADBE opened at $225.35 on Friday. The firm’s 50 day moving average price is $256.83 and its 200-day moving average price is $307.20. The company has a market cap of $91.09 billion, a PE ratio of 13.12, a P/E/G ratio of 0.88 and a beta of 1.52. Adobe Inc. has a 52-week low of $224.13 and a 52-week 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.
Adobe (NASDAQ:ADBE – Get Free Report) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.
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.
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