CWA Asset Management Group LLC Boosts Stock Position in Adobe Inc. $ADBE

CWA Asset Management Group LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 334.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,141 shares of the software company’s stock after acquiring an additional 7,039 shares during the period. CWA Asset Management Group LLC’s holdings in Adobe were worth $3,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Adobe by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after purchasing an additional 126,688 shares during the period. Norges Bank purchased a new stake in shares of Adobe in the second quarter worth about $2,029,950,000. Invesco Ltd. boosted its position in shares of Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after acquiring an additional 610,215 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Adobe by 17.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after acquiring an additional 548,903 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after acquiring an additional 2,347,562 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Trading Down 0.5%

ADBE stock opened at $331.56 on Tuesday. The company has a market capitalization of $138.79 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. The company’s 50 day moving average price is $337.76 and its two-hundred day moving average price is $350.93.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’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, analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on ADBE. Cowen reissued a “hold” rating on shares of Adobe in a report on Monday, December 8th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. Mizuho reduced their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Finally, UBS Group set a $487.00 price target on Adobe in a research report on Sunday, December 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $414.22.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

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.