Threadgill Financial LLC Purchases Shares of 11,345 Adobe Inc. $ADBE

by · The Cerbat Gem

Threadgill Financial LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,345 shares of the software company’s stock, valued at approximately $4,002,000. Adobe accounts for about 1.9% of Threadgill Financial LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lathrop Investment Management Co. raised its holdings in shares of Adobe by 2.8% during the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after buying an additional 718 shares during the period. Mcdaniel Terry & Co. grew its position in Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after acquiring an additional 1,093 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new stake in Adobe in the second quarter valued at approximately $328,000. Bourgeon Capital Management LLC raised its stake in shares of Adobe by 41.0% during the second quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after purchasing an additional 7,176 shares during the period. Finally, World Investment Advisors lifted its position in shares of Adobe by 8.0% during the second quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock worth $9,361,000 after purchasing an additional 1,794 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was 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 of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wolfe Research dropped their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Royal Bank Of Canada restated an “outperform” rating and set a $430.00 target price on shares of Adobe in a research note on Thursday, December 11th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. TD Cowen cut their target price on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Morgan Stanley reduced their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average target price of $417.15.

View Our Latest Stock Report on ADBE

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $347.89 on Wednesday. The company has a market cap of $145.63 billion, a PE ratio of 20.82, a P/E/G ratio of 1.38 and a beta of 1.54. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.86. The firm has a 50-day simple moving average of $336.08 and a 200 day simple moving average of $356.19. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE – Get Free Report) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.81 earnings per share. 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 anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Company Profile

(Free Report)

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.

See Also

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).