Rede Wealth LLC Makes New Investment in Adobe Inc. $ADBE

Rede Wealth LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,902 shares of the software company’s stock, valued at approximately $671,000.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. WPG Advisers LLC acquired a new stake in Adobe during the first quarter valued at approximately $59,000. Magnetar Financial LLC grew its stake in shares of Adobe by 254.0% in the 1st quarter. Magnetar Financial LLC now owns 2,581 shares of the software company’s stock valued at $990,000 after purchasing an additional 1,852 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Adobe by 88.3% in the 1st quarter. Evergreen Capital Management LLC now owns 6,069 shares of the software company’s stock worth $2,328,000 after buying an additional 2,846 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in shares of Adobe in the 1st quarter worth approximately $66,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Up 0.2%

Shares of NASDAQ:ADBE opened at $353.80 on Monday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The firm has a market cap of $148.10 billion, a P/E 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. The company’s 50-day moving average price is $338.76 and its two-hundred day moving average price is $352.87.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (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 analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $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, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADBE shares. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. Jefferies Financial Group reduced their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Citigroup lifted their price target on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Oppenheimer reduced their price target on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Thursday, December 11th. One 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 company presently has a consensus rating of “Hold” and a consensus target price of $417.93.

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.