Geneos Wealth Management Inc. Purchases 1,664 Shares of Adobe Inc. $ADBE

Geneos Wealth Management Inc. boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 12.1% in the second quarter, Holdings Channel reports. The fund owned 15,434 shares of the software company’s stock after purchasing an additional 1,664 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Adobe were worth $5,971,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. 1248 Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at about $25,000. LSV Asset Management lifted its stake in shares of Adobe by 350.0% in 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 during the period. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the first quarter worth approximately $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC grew its position in Adobe by 4,000.0% during the second 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 period. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research note on Thursday. Cowen reiterated a “hold” rating on shares of Adobe in a research report on Monday, December 8th. Jefferies Financial Group cut their price target on Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer reduced their price target on Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $417.33.

Adobe Price Performance

Shares of Adobe stock opened at $356.43 on Monday. The company has a market capitalization of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.41 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 stock’s 50-day simple moving average is $336.07 and its 200-day simple moving average is $357.10. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $474.91.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the firm earned $4.81 EPS. The firm’s 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. As a group, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Adobe Company 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.