Ghe LLC Has $7.86 Million Position in Adobe Inc. $ADBE

Ghe LLC reduced its position in shares of Adobe Inc. (NASDAQ:ADBE) by 13.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,321 shares of the software company’s stock after selling 3,148 shares during the quarter. Adobe comprises about 3.5% of Ghe LLC’s portfolio, making the stock its 2nd biggest position. Ghe LLC’s holdings in Adobe were worth $7,862,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of Adobe in the 1st quarter worth $25,000. LSV Asset Management raised its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the last quarter. Flaharty Asset Management LLC bought a new position in shares of Adobe in the first quarter valued at $29,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter valued at about $31,000. Finally, Horizon Financial Services LLC increased its position in shares of Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Up 1.7%

ADBE stock opened at $356.43 on Monday. The stock has a market cap of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.41 and a beta of 1.54. 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 stock’s fifty day simple moving average is $336.07 and its two-hundred day simple moving average is $357.10. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $474.91.

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. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research report on Thursday. Evercore ISI dropped their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Wolfe Research decreased their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday. Stifel Nicolaus lowered their price target on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Jefferies Financial Group dropped their price objective on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $417.33.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s 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 transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.