Phoenix Financial Ltd. Cuts Holdings in Adobe Inc. $ADBE

Phoenix Financial Ltd. decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 36.5% in the third quarter, Holdings Channel reports. The firm owned 25,883 shares of the software company’s stock after selling 14,846 shares during the quarter. Phoenix Financial Ltd.’s holdings in Adobe were worth $9,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LSV Asset Management increased its holdings in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares in the last quarter. Nexus Investment Management ULC bought a new position in Adobe during the 2nd quarter valued at about $31,000. Horizon Financial Services LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Adobe in the second quarter worth approximately $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Adobe in the third quarter worth approximately $35,000. 81.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ADBE shares. UBS Group lowered their price objective on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays reissued an “overweight” rating and set a $415.00 price target on shares of Adobe in a report on Friday, December 5th. Morgan Stanley dropped their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. Stifel Nicolaus cut their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Finally, Wells Fargo & Company lowered their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $397.19.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’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 in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Price Performance

Shares of Adobe stock opened at $304.72 on Tuesday. The stock has a market cap of $125.09 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.18 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average is $330.69 and its 200 day moving average is $343.59. Adobe Inc. has a one year low of $288.33 and a one year high of $465.70.

Adobe (NASDAQ:ADBE) last released 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. 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 analyst estimates of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 earnings per share. Adobe’s revenue for the quarter 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. Sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

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.