Czech National Bank Acquires 3,560 Shares of Adobe Inc. $ADBE

Czech National Bank boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,738 shares of the software company’s stock after buying an additional 3,560 shares during the period. Czech National Bank’s holdings in Adobe were worth $38,005,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. 1248 Management LLC bought a new stake in Adobe during the 1st quarter worth approximately $25,000. LSV Asset Management boosted its position in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter worth $31,000. Finally, Horizon Financial Services LLC raised its position in Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wolfe Research cut their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Thursday, December 11th. UBS Group set a $487.00 price objective on shares of Adobe in a research note on Sunday. Piper Sandler cut their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Finally, TD Cowen reduced their target price on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $417.93.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Adobe Trading Up 1.9%

NASDAQ:ADBE opened at $354.66 on Thursday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $336.20 and its 200 day moving average is $356.18. The stock has a market capitalization of $148.46 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the firm earned $4.81 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.