CMH Wealth Management LLC Has $11.30 Million Stock Holdings in Adobe Inc. $ADBE

CMH Wealth Management LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 69.0% in the third quarter, Holdings Channel.com reports. The fund owned 32,046 shares of the software company’s stock after acquiring an additional 13,083 shares during the quarter. Adobe makes up approximately 2.4% of CMH Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. CMH Wealth Management LLC’s holdings in Adobe were worth $11,304,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Lathrop Investment Management Co. increased its stake in shares of Adobe by 2.8% in the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after acquiring an additional 718 shares in the last quarter. Mcdaniel Terry & Co. grew its holdings in Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after purchasing an additional 1,093 shares during the period. Svenska Handelsbanken AB publ acquired a new stake in Adobe in the third quarter worth $34,922,000. Jackson Thornton Wealth Management LLC bought a new stake in Adobe in the second quarter valued at $328,000. Finally, Bourgeon Capital Management LLC raised its holdings in shares of Adobe by 41.0% during the second quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after purchasing an additional 7,176 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADBE. Citigroup boosted their target price on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Oppenheimer reduced their price objective on Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. UBS Group set a $487.00 target price on Adobe in a report on Sunday, December 14th. Finally, Mizuho decreased their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $417.93.

Adobe Stock Down 0.7%

Shares of NASDAQ:ADBE opened at $349.99 on Friday. The business’s 50 day moving average is $338.69 and its 200 day moving average is $352.14. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The stock has a market cap of $146.51 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.38 and a beta of 1.52. 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 results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 61.28% and a net margin of 30.00%.Adobe’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case highlighting AI monetization, valuation gap and a $595 price target argues Adobe is underpriced and will benefit from workflow AI integration; this supports a longer-term bullish thesis for ADBE. Adobe: Mispriced, Misunderstood, And Monetizing AI
• Positive Sentiment: Long-term performance piece: a retrospective showing strong multi-decade total return for Adobe, which can support investor confidence in ADBE as a secular growth ownership story. If You Invested $100 In Adobe Stock 20 Years Ago, You Would Have This Much Today
• Neutral Sentiment: Zacks issued a FY2028 earnings projection (EPS $24.05), signaling confidence in multi‑year earnings growth even as near‑term estimates shift; longer‑term estimates can moderate panic but are further out. (No direct link provided)
• Neutral Sentiment: Regulatory bill (HUSTLE Act) mentions Adobe among companies that could see increased demand for content tools if NIL-driven creator activity expands — a small, policy‑driven upside over time. New Bill: Senator Marsha Blackburn introduces S. 3378
• Neutral Sentiment: Market commentary and watchlists (e.g., “Final Trades” video) include Adobe as a stock to monitor, keeping it on investor radar but not providing immediate catalysts. Final Trades: Adobe, Alibaba and Goldman Sachs
• Negative Sentiment: Zacks Research reduced its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90 — a near‑term downward revision that can pressure sentiment and valuation multiples. (Reported via MarketBeat summary)
• Negative Sentiment: Macro headwinds: U.S. stock futures and economic headlines turned negative at the end of the year, contributing to broad market selling that hurt higher‑beta, growth‑oriented names like ADBE. U.S. Stock Futures in Red to Close an Impressive 2025

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by insiders.

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.