Adobe Inc. $ADBE is Ghe LLC’s 3rd Largest Position

Ghe LLC increased its position in Adobe Inc. (NASDAQ:ADBE) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,301 shares of the software company’s stock after acquiring an additional 3,000 shares during the period. Adobe comprises approximately 2.7% of Ghe LLC’s holdings, making the stock its 3rd largest position. Ghe LLC’s holdings in Adobe were worth $8,155,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ADBE. MCF Advisors LLC lifted its holdings in shares of Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after buying an additional 30 shares during the period. SWAN Capital LLC lifted its holdings in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares during the period. Logan Capital Management Inc. lifted its holdings in shares of Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after buying an additional 32 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Adobe by 33.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the software company’s stock valued at $47,000 after buying an additional 33 shares during the period. Finally, Peoples Bank KS lifted its holdings in shares of Adobe by 1.6% in the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after buying an additional 33 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of ADBE stock opened at $240.49 on Wednesday. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $421.48. The firm has a market capitalization of $97.21 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $244.37 and its 200-day simple moving average is $285.80.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm earned $5.08 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, equities analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has approved a stock buyback program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to reacquire up to 24.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 over the last quarter. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. William Blair cut Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. UBS Group reduced their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Morgan Stanley reduced their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Finally, BMO Capital Markets reduced their price target on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $338.15.

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.