Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Adobe Inc. $ADBE

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 20.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 589,286 shares of the software company’s stock after acquiring an additional 100,639 shares during the quarter. Adobe accounts for about 0.4% of Zurcher Kantonalbank Zurich Cantonalbank’s investment portfolio, making the stock its 25th largest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Adobe were worth $206,244,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe during the 3rd quarter valued at $27,000. Caitlin John LLC purchased a new stake in Adobe during the 3rd quarter worth $28,000. Beacon Financial Strategies CORP acquired a new stake in Adobe in the 4th quarter valued at $28,000. Finally, Marquette Asset Management LLC increased its holdings in Adobe by 72.3% in the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Performance

NASDAQ:ADBE opened at $244.45 on Monday. The firm has a 50-day moving average of $253.43 and a two-hundred day moving average of $302.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $98.81 billion, a P/E ratio of 14.24, a PEG ratio of 0.95 and a beta of 1.52. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $422.95.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ADBE. JPMorgan Chase & Co. reduced their price objective on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Royal Bank Of Canada dropped their target price on Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Friday. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. Finally, BMO Capital Markets lowered their price objective on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $339.88.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% 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.