Geneos Wealth Management Inc. Purchases 1,664 Shares of Adobe Inc. $ADBE

Geneos Wealth Management Inc. increased its position in Adobe Inc. (NASDAQ:ADBE) by 12.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,434 shares of the software company’s stock after purchasing an additional 1,664 shares during the period. Geneos Wealth Management Inc.’s holdings in Adobe were worth $5,971,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Adobe during the 2nd quarter valued at $2,029,950,000. Assenagon Asset Management S.A. increased its stake in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after acquiring an additional 2,347,562 shares in the last quarter. Amundi lifted its position in Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares during the period. AQR Capital Management LLC boosted its stake in Adobe by 116.9% during the first quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock worth $616,345,000 after acquiring an additional 880,134 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Adobe during the second quarter worth about $318,224,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.7%

Adobe stock opened at $356.43 on Monday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $474.91. The stock has a fifty day simple moving average of $336.07 and a two-hundred day simple moving average of $357.10. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.41 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $6.11 billion. During the same period in the prior year, the company 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. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s 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 owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of analyst reports. UBS Group set a $487.00 target price on shares of Adobe in a research note on Sunday. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a research note on Thursday. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Oppenheimer reduced their price target on Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $417.33.

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.