1,880 Shares in Adobe Inc. $ADBE Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,880 shares of the software company’s stock, valued at approximately $727,000.

A number of other large investors have also modified their holdings of the business. Campbell Capital Management Inc. purchased a new position in shares of Adobe in the 2nd quarter valued at approximately $387,000. Tactive Advisors LLC acquired a new position in Adobe during the 2nd quarter valued at approximately $852,000. Geneos Wealth Management Inc. raised its holdings in shares of Adobe by 12.1% in the second quarter. Geneos Wealth Management Inc. now owns 15,434 shares of the software company’s stock worth $5,971,000 after buying an additional 1,664 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Adobe by 1,166.8% during the second quarter. Westwood Holdings Group Inc. now owns 85,875 shares of the software company’s stock worth $33,223,000 after buying an additional 79,096 shares during the period. Finally, Kestra Investment Management LLC grew its holdings in shares of Adobe by 55.1% during the second quarter. Kestra Investment Management LLC now owns 1,652 shares of the software company’s stock valued at $639,000 after buying an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group restated a “neutral” rating and issued a $375.00 target price on shares of Adobe in a research note on Thursday. Cowen restated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Barclays reaffirmed an “overweight” rating and set a $415.00 target price on shares of Adobe in a report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a report on Thursday. Finally, Jefferies Financial Group decreased their price objective on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $413.19.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction 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 represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.

Adobe Trading Up 1.7%

Shares of NASDAQ:ADBE opened at $356.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $474.91. The business has a 50 day moving average of $336.07 and a two-hundred day moving average of $357.48. The company has a market capitalization of $149.20 billion, a PE ratio of 21.33, a PEG ratio of 1.31 and a beta of 1.54.

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

Adobe Company Profile

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.