Rede Wealth LLC Acquires New Position in Adobe Inc. $ADBE

Rede Wealth LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,902 shares of the software company’s stock, valued at approximately $671,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC acquired a new stake in shares of Adobe during the first quarter worth $25,000. LSV Asset Management lifted its stake in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the period. Flaharty Asset Management LLC bought a new position in Adobe during the first quarter worth about $29,000. Nexus Investment Management ULC acquired a new position in shares of Adobe during the 2nd quarter worth about $31,000. Finally, Horizon Financial Services LLC grew its position in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the period. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 0.2%

ADBE opened at $353.80 on Monday. The stock has a market capitalization of $148.10 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.39 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. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The firm’s fifty day simple moving average is $338.76 and its 200 day simple moving average is $352.87.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The firm had revenue of $6.19 billion during 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 company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company 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, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. BMO Capital Markets cut their target price on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Adobe in a report on Wednesday, December 17th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Finally, TD Cowen reduced their target price on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. One research 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 stock has a consensus rating of “Hold” and a consensus price target of $417.93.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer 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 transaction 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, 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.