Busey Bank Purchases 10,494 Shares of Adobe Inc. $ADBE

Busey Bank raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 26.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,628 shares of the software company’s stock after purchasing an additional 10,494 shares during the period. Busey Bank’s holdings in Adobe were worth $17,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ADBE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after acquiring an additional 126,688 shares in the last quarter. Norges Bank purchased a new position in Adobe during the 2nd quarter valued at about $2,029,950,000. Amundi increased its position in Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the period. Invesco Ltd. raised its holdings in shares of Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after purchasing an additional 610,215 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after purchasing an additional 548,903 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Up 0.2%

Shares of ADBE stock opened at $353.03 on Friday. The stock’s fifty day moving average price is $338.35 and its 200 day moving average price is $354.16. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The company has a market cap of $147.78 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

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

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADBE shares. Morgan Stanley cut their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Citigroup lifted their price target on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Wolfe Research reduced their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Redburn Partners set a $280.00 target price on Adobe in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe has a consensus rating of “Hold” and an average target price of $417.93.

Adobe 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.