2,641 Shares in Adobe Inc. $ADBE Bought by CenterStar Asset Management LLC

CenterStar Asset Management LLC acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, HoldingsChannel.com reports. The firm acquired 2,641 shares of the software company’s stock, valued at approximately $932,000. Adobe comprises about 0.2% of CenterStar Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors also recently bought and sold shares of the company. 1248 Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at about $25,000. LSV Asset Management grew 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 buying an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new stake in Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new position in Adobe in the second quarter worth approximately $31,000. Finally, Horizon Financial Services LLC boosted 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 acquiring an additional 80 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

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

Adobe Stock Down 0.2%

NASDAQ ADBE opened at $352.39 on Wednesday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $147.51 billion, a PE ratio of 21.09, a P/E/G ratio of 1.39 and a beta of 1.54. The stock’s 50 day moving average is $338.85 and its 200 day moving average is $352.17.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $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 predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus reduced their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Piper Sandler decreased their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Barclays reissued an “overweight” rating and issued a $415.00 target price on shares of Adobe in a report on Friday, December 5th. Finally, UBS Group set a $487.00 price target on shares of Adobe in a report on Sunday, December 14th. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $417.93.

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.