B. Riley Wealth Advisors Inc. Acquires Shares of 5,122 Adobe Inc. $ADBE

B. Riley Wealth Advisors Inc. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,122 shares of the software company’s stock, valued at approximately $1,982,000.

A number of other hedge funds also recently bought and sold shares of ADBE. Newbridge Financial Services Group Inc. raised its position in Adobe by 29.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,348 shares of the software company’s stock valued at $522,000 after purchasing an additional 307 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in shares of Adobe by 14.0% during the second quarter. Cape Investment Advisory Inc. now owns 2,881 shares of the software company’s stock valued at $1,115,000 after buying an additional 353 shares during the period. Advisory Services Network LLC boosted its holdings in Adobe by 17.8% in the second quarter. Advisory Services Network LLC now owns 25,221 shares of the software company’s stock valued at $9,021,000 after acquiring an additional 3,819 shares in the last quarter. State of Wyoming boosted its holdings in Adobe by 23.6% in the second quarter. State of Wyoming now owns 2,084 shares of the software company’s stock valued at $806,000 after acquiring an additional 398 shares in the last quarter. Finally, Asset Dedication LLC increased its position in Adobe by 4.4% during the 2nd quarter. Asset Dedication LLC now owns 4,423 shares of the software company’s stock valued at $1,711,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ADBE shares. Barclays reaffirmed an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. Citigroup lowered their price objective on shares of Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Thursday. UBS Group set a $487.00 target price on Adobe in a research note on Sunday. Finally, Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $417.33.

Adobe Stock Performance

Adobe stock opened at $356.43 on Monday. The stock’s 50 day moving average is $336.07 and its 200 day moving average is $357.10. The company has a market capitalization of $149.20 billion, a P/E ratio of 21.33, a PEG ratio of 1.41 and a beta of 1.54. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $474.91. 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) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the firm posted $4.81 earnings per share. The company’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. On average, equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe 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.