Deane Retirement Strategies Inc. Takes $4.62 Million Position in Adobe Inc. $ADBE

Deane Retirement Strategies Inc. purchased a new position in Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,078 shares of the software company’s stock, valued at approximately $4,618,000. Adobe comprises about 2.0% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors also recently bought and sold shares of the company. 1248 Management LLC bought a new position in shares of Adobe in the first quarter worth approximately $25,000. LSV Asset Management raised its holdings in 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 during the last quarter. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter valued at approximately $29,000. Nexus Investment Management ULC purchased a new stake in Adobe during the 2nd quarter valued at $31,000. Finally, Horizon Financial Services LLC increased its holdings in shares of Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $357.53 on Tuesday. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The firm has a market capitalization of $149.66 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $337.10 and a 200 day moving average of $354.63.

Adobe (NASDAQ:ADBE) last released 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 net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the firm earned $4.81 earnings per share. The company’s quarterly 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. On average, research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 11th. Piper Sandler dropped their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Adobe in a report on Wednesday, December 17th. Cowen restated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $417.93.

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.