Adobe Inc. $ADBE Stock Position Reduced by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 45.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,376 shares of the software company’s stock after selling 7,822 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Adobe were worth $3,307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ADBE. LSV Asset Management increased its stake in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter valued at about $29,000. Nexus Investment Management ULC acquired a new position in Adobe in the 2nd quarter worth about $31,000. Horizon Financial Services LLC raised its stake in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in shares of Adobe during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Mizuho dropped their price objective on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Wolfe Research dropped their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Oppenheimer cut their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Cowen reiterated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Finally, Barclays restated an “overweight” rating and set a $415.00 target price on shares of Adobe in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $414.22.

Adobe Stock Down 0.5%

Adobe stock opened at $331.56 on Tuesday. The firm has a market cap of $138.79 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.31 and a beta of 1.53. 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 Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.70. The firm has a fifty day moving average price of $337.76 and a two-hundred day moving average price of $350.93.

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

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

About Adobe

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.