CMH Wealth Management LLC Has $11.30 Million Holdings in Adobe Inc. $ADBE

CMH Wealth Management LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 69.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,046 shares of the software company’s stock after purchasing an additional 13,083 shares during the quarter. Adobe accounts for about 2.4% of CMH Wealth Management LLC’s portfolio, making the stock its 12th largest holding. CMH Wealth Management LLC’s holdings in Adobe were worth $11,304,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Adobe in the second quarter valued at approximately $2,029,950,000. Assenagon Asset Management S.A. grew its position in Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after buying an additional 2,347,562 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Adobe during the 2nd quarter worth $318,224,000. Franklin Resources Inc. increased its stake in Adobe by 68.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after acquiring an additional 791,077 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Adobe by 218.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after acquiring an additional 736,682 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. TD Cowen cut their target price on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research report on Thursday, December 11th. Finally, Morgan Stanley dropped their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $417.93.

Adobe Price Performance

Adobe stock opened at $349.99 on Friday. The stock has a 50-day moving average price of $338.69 and a two-hundred day moving average price of $352.14. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The company has a market capitalization of $146.51 billion, a PE ratio of 20.94, a P/E/G ratio of 1.38 and a beta of 1.52. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were 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 of the company’s stock, valued at approximately $1,157,576.88. This trade represents 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 accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case highlighting AI monetization, valuation gap and a $595 price target argues Adobe is underpriced and will benefit from workflow AI integration; this supports a longer-term bullish thesis for ADBE. Adobe: Mispriced, Misunderstood, And Monetizing AI
• Positive Sentiment: Long-term performance piece: a retrospective showing strong multi-decade total return for Adobe, which can support investor confidence in ADBE as a secular growth ownership story. If You Invested $100 In Adobe Stock 20 Years Ago, You Would Have This Much Today
• Neutral Sentiment: Zacks issued a FY2028 earnings projection (EPS $24.05), signaling confidence in multi‑year earnings growth even as near‑term estimates shift; longer‑term estimates can moderate panic but are further out. (No direct link provided)
• Neutral Sentiment: Regulatory bill (HUSTLE Act) mentions Adobe among companies that could see increased demand for content tools if NIL-driven creator activity expands — a small, policy‑driven upside over time. New Bill: Senator Marsha Blackburn introduces S. 3378
• Neutral Sentiment: Market commentary and watchlists (e.g., “Final Trades” video) include Adobe as a stock to monitor, keeping it on investor radar but not providing immediate catalysts. Final Trades: Adobe, Alibaba and Goldman Sachs
• Negative Sentiment: Zacks Research reduced its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90 — a near‑term downward revision that can pressure sentiment and valuation multiples. (Reported via MarketBeat summary)
• Negative Sentiment: Macro headwinds: U.S. stock futures and economic headlines turned negative at the end of the year, contributing to broad market selling that hurt higher‑beta, growth‑oriented names like ADBE. U.S. Stock Futures in Red to Close an Impressive 2025

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.