Adobe Inc. $ADBE Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in Adobe Inc. (NASDAQ:ADBE) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 453,510 shares of the software company’s stock after buying an additional 33,182 shares during the period. Sei Investments Co.’s holdings in Adobe were worth $175,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ADBE. 1248 Management LLC purchased a new stake in shares of Adobe in the 1st quarter valued at $25,000. LSV Asset Management lifted its position in 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 purchasing an additional 56 shares during the period. Flaharty Asset Management LLC acquired a new position in Adobe during the first quarter valued at $29,000. Nexus Investment Management ULC purchased a new stake in Adobe in the second quarter valued at $31,000. Finally, Horizon Financial Services LLC grew its position in 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 during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADBE. DA Davidson reissued a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Piper Sandler lowered their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Stifel Nicolaus cut their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $440.00 target price on shares of Adobe in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $425.29.

Adobe Trading Down 0.3%

Shares of NASDAQ:ADBE opened at $343.13 on Thursday. The business’s 50 day moving average price is $335.90 and its 200-day moving average price is $358.28. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $552.30. The firm has a market capitalization of $143.63 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior 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. On average, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

About Adobe

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.