Moody Aldrich Partners LLC Buys 9,214 Shares of Adobe Inc. $ADBE

Key Points

• Moody Aldrich Partners initiated a position in Adobe by purchasing 9,214 shares valued at approximately $2.21 million. Institutional investors collectively own 81.79% of Adobe’s outstanding stock.
• Adobe exceeded quarterly expectations, reporting $6.13 in earnings per share and $6.76 billion in revenue, with revenue increasing 12.9% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $283.90, while CEO Shantanu Narayen sold 50,500 shares worth about $12.6 million.

Moody Aldrich Partners LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,214 shares of the software company's stock, valued at approximately $2,211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADBE. WestEnd Advisors LLC lifted its position in shares of Adobe by 3,742.9% in the 3rd quarter. WestEnd Advisors LLC now owns 269 shares of the software company's stock worth $65,000 after purchasing an additional 262 shares during the period. Victory Financial Group LLC bought a new position in shares of Adobe during the third quarter valued at approximately $211,000. John Boyer Inc. bought a new position in shares of Adobe during the third quarter valued at approximately $46,000. Latitude Advisors LLC purchased a new position in Adobe during the third quarter valued at approximately $29,000. Finally, SYM FINANCIAL Corp increased its holdings in Adobe by 8.2% during the third quarter. SYM FINANCIAL Corp now owns 2,008 shares of the software company's stock valued at $482,000 after buying an additional 153 shares during the period. Institutional investors own 81.79% of the company's stock.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the transaction, the chief executive officer directly owned 238,724 shares of the company's stock, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Up 0.6%

NASDAQ:ADBE opened at $249.76 on Thursday. The company's 50-day simple moving average is $255.30 and its 200-day simple moving average is $251.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71. The stock has a market capitalization of $97.21 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.92 and a beta of 1.42.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, equities analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ADBE. Stifel Nicolaus boosted their price objective on shares of Adobe from $200.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, September 9th. Wall Street Zen cut Adobe from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Robert W. Baird lifted their price target on Adobe from $230.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, September 11th. Royal Bank Of Canada reissued an "outperform" rating and issued a $315.00 price target on shares of Adobe in a research report on Friday, September 11th. Finally, TD Cowen reissued a "hold" rating and issued a $245.00 price target on shares of Adobe in a research report on Wednesday, September 9th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $283.90.

Adobe Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.