Adobe Inc. $ADBE Position Raised by Ghe LLC

Ghe LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,301 shares of the software company’s stock after purchasing an additional 3,000 shares during the period. Adobe comprises approximately 2.7% of Ghe LLC’s investment portfolio, making the stock its 3rd largest holding. Ghe LLC’s holdings in Adobe were worth $8,155,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MCF Advisors LLC increased its stake in shares of Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after acquiring an additional 30 shares during the last quarter. SWAN Capital LLC increased its stake in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after acquiring an additional 31 shares during the last quarter. Logan Capital Management Inc. increased its stake in shares of Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after acquiring an additional 32 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Adobe by 33.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the software company’s stock worth $47,000 after acquiring an additional 33 shares during the last quarter. Finally, Peoples Bank KS increased its stake in shares of Adobe by 1.6% in the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock worth $18,782,773 in the last three months. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ADBE shares. Citigroup reiterated a “neutral” rating on shares of Adobe in a report on Friday, April 10th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. lowered their price target on Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Morgan Stanley lowered their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $338.15.

Adobe Stock Performance

Shares of Adobe stock opened at $240.49 on Wednesday. The business has a 50-day moving average of $244.37 and a 200 day moving average of $285.80. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $421.48. The stock has a market capitalization of $97.21 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the business posted $5.08 EPS. Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, sell-side analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.