Adobe Inc. $ADBE Holdings Cut by Darwin Wealth Management LLC

Darwin Wealth Management LLC cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 75.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 634 shares of the software company’s stock after selling 1,932 shares during the quarter. Darwin Wealth Management LLC’s holdings in Adobe were worth $224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schmidt P J Investment Management Inc. grew its stake in Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after buying an additional 25 shares during the last quarter. Rise Advisors LLC grew its position in shares of Adobe by 7.0% during the first quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock worth $157,000 after acquiring an additional 27 shares during the last quarter. FSM Wealth Advisors LLC increased its holdings in shares of Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after acquiring an additional 30 shares during the period. Intellus Advisors LLC lifted its position in Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after purchasing an additional 30 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC boosted its stake in Adobe by 2.2% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after purchasing an additional 31 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 0.2%

Shares of Adobe stock opened at $353.80 on Friday. The business has a fifty day simple moving average of $338.76 and a 200-day simple moving average of $353.73. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.70. The firm has a market cap of $148.10 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. 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 issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the business earned $4.81 earnings per share. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. 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 analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ADBE. Morgan Stanley dropped their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research report on Wednesday, December 17th. UBS Group set a $487.00 price target on Adobe in a research report on Sunday, December 14th. Wells Fargo & Company lowered their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $417.93.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on 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 owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Adobe 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.