CWA Asset Management Group LLC Acquires 7,039 Shares of Adobe Inc. $ADBE

CWA Asset Management Group LLC lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 334.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,141 shares of the software company’s stock after acquiring an additional 7,039 shares during the period. CWA Asset Management Group LLC’s holdings in Adobe were worth $3,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADBE. LSV Asset Management increased its holdings in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter worth $31,000. Horizon Financial Services LLC raised its position in Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in Adobe in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent analyst reports. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Citigroup boosted their price target on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Barclays reiterated an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. Finally, Mizuho reduced their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $414.22.

Adobe Stock Performance

NASDAQ:ADBE opened at $331.56 on Tuesday. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The business has a fifty day simple moving average of $337.76 and a two-hundred day simple moving average of $350.93. The company has a market capitalization of $138.79 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.31 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the prior year, the company earned $4.81 EPS. The firm’s quarterly revenue 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, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe Company 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.