1900 Wealth Management LLC Purchases 3,998 Shares of Adobe Inc. $ADBE

1900 Wealth Management LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 287.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,388 shares of the software company’s stock after purchasing an additional 3,998 shares during the quarter. 1900 Wealth Management LLC’s holdings in Adobe were worth $1,901,000 at the end of the most recent reporting period.

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

Adobe Price Performance

NASDAQ:ADBE opened at $353.80 on Monday. The business’s 50-day simple moving average is $338.76 and its two-hundred day simple moving average is $352.87. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The stock has a market cap of $148.10 billion, a PE ratio of 21.17, a P/E/G 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 released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion during 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 firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Mizuho dropped their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Wells Fargo & Company cut their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Citigroup lifted their price objective on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Finally, Cowen restated a “hold” rating on shares of Adobe in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $417.93.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

About Adobe

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.