Zions Bancorporation National Association UT Increases Stock Position in Adobe Inc. $ADBE

Zions Bancorporation National Association UT grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 350.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,447 shares of the software company’s stock after purchasing an additional 2,681 shares during the period. Zions Bancorporation National Association UT’s holdings in Adobe were worth $1,216,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ADBE. Vanguard Group Inc. increased its stake in Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after acquiring an additional 344,816 shares during the last quarter. Norges Bank purchased a new position in shares of Adobe in the second quarter valued at $2,029,950,000. Invesco Ltd. increased its position in Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Adobe by 17.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after purchasing an additional 548,903 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Adobe by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after purchasing an additional 24,333 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Trading Up 0.6%

Shares of NASDAQ ADBE opened at $263.97 on Tuesday. Adobe Inc. has a fifty-two week low of $251.10 and a fifty-two week high of $464.99. 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 company has a market cap of $108.36 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.04 and a beta of 1.51. The business’s 50 day moving average price is $316.38 and its 200-day moving average price is $334.00.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 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 company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the prior year, the company posted $4.81 EPS. Adobe’s quarterly revenue 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. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADBE. Morgan Stanley reduced their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company reduced their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Stifel Nicolaus decreased their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Citigroup raised their price objective on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and cut their target price for the company from $500.00 to $400.00 in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $397.16.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Adobe Company 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.