National Bank of Canada FI Buys 212,769 Shares of Adobe Inc. $ADBE

National Bank of Canada FI grew its position in Adobe Inc. (NASDAQ:ADBE) by 69.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 518,085 shares of the software company’s stock after acquiring an additional 212,769 shares during the period. National Bank of Canada FI owned 0.12% of Adobe worth $200,426,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. 1248 Management LLC bought a new position in Adobe in the first quarter valued at about $25,000. LSV Asset Management grew its holdings in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Adobe in the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new position in Adobe in the 2nd quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC boosted 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 buying an additional 80 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADBE. Weiss Ratings reissued a “hold (c)” rating on shares of Adobe in a research note on Thursday. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Sunday. Morgan Stanley decreased their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday. DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday. Finally, Evercore ISI reduced their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and a consensus price target of $413.19.

Adobe Trading Up 1.7%

NASDAQ ADBE opened at $356.43 on Friday. The stock has a market capitalization of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54. The business has a 50 day simple moving average of $336.07 and a 200 day simple moving average of $357.48. 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 one year low of $311.58 and a one year high of $474.91.

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