Darwin Wealth Management LLC Has $224,000 Stock Position in Adobe Inc. $ADBE

Darwin Wealth Management LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 75.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 634 shares of the software company’s stock after selling 1,932 shares during the quarter. Darwin Wealth Management LLC’s holdings in Adobe were worth $224,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ADBE. 1248 Management LLC acquired a new stake in shares of Adobe during the first quarter valued at approximately $25,000. LSV Asset Management grew its position 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 acquired a new stake in Adobe during the 1st quarter valued at $29,000. Nexus Investment Management ULC purchased a new stake in shares of Adobe in the second quarter valued at $31,000. Finally, Horizon Financial Services LLC lifted its holdings in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $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.

Adobe Stock Performance

ADBE stock opened at $353.80 on Friday. The firm has a 50 day moving average of $338.76 and a two-hundred day moving average of $353.73. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The company has a market capitalization of $148.10 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.39 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.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.81 EPS. 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, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the 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 transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADBE shares. Evercore ISI dropped their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Wells Fargo & Company reduced their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Piper Sandler decreased their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Finally, Wolfe Research decreased their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $417.93.

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.