Hohimer Wealth Management LLC Makes New Investment in Adobe Inc. $ADBE

Hohimer Wealth Management LLC acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, HoldingsChannel reports. The fund acquired 1,880 shares of the software company’s stock, valued at approximately $727,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. 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 valued at $344,000 after buying an additional 25 shares in the last quarter. VanderPol Investments L.L.C. raised its holdings in shares of Adobe by 5.2% during the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after acquiring an additional 27 shares during the last quarter. Rise Advisors LLC lifted its position in shares of Adobe by 7.0% in the first quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after acquiring an additional 27 shares in the last quarter. FSM Wealth Advisors LLC boosted its stake in shares of Adobe by 1.1% in the second 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 last quarter. Finally, Intellus Advisors LLC increased its position in shares of Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on 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 directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Performance

Adobe stock opened at $356.43 on Friday. The firm has a 50 day simple moving average of $336.07 and a 200-day simple moving average of $357.48. The stock has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $474.91.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The firm had revenue of $6.19 billion for 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 quarterly revenue was up 10.5% on a year-over-year basis. During the same period 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. On average, analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADBE. Piper Sandler lowered their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Sunday. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $413.19.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.