Aaron Wealth Advisors LLC Increases Stake in Adobe Inc. $ADBE

Aaron Wealth Advisors LLC raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 125.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,663 shares of the software company’s stock after acquiring an additional 3,708 shares during the period. Aaron Wealth Advisors LLC’s holdings in Adobe were worth $2,350,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. 1248 Management LLC purchased a new position in Adobe during the first quarter valued at $25,000. LSV Asset Management increased 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 acquiring an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Adobe during the 1st quarter valued at about $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter worth about $31,000. Finally, Horizon Financial Services LLC boosted its stake in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the subject of several recent research reports. Wolfe Research lowered their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday. Redburn Partners set a $280.00 price objective on Adobe in a research note on Monday, September 1st. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Piper Sandler reduced their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Finally, Barclays reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $417.15.

Adobe Stock Down 1.5%

Shares of ADBE opened at $351.15 on Tuesday. 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 has a 50-day moving average price of $336.09 and a two-hundred day moving average price of $356.66. The stock has a market cap of $146.99 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.41 and a beta of 1.54. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $473.62.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS 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 business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the company earned $4.81 EPS. Adobe’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

About Adobe

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.