Ritholtz Wealth Management Has $4.11 Million Position in Adobe Inc. $ADBE

Ritholtz Wealth Management cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 31.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,661 shares of the software company’s stock after selling 5,462 shares during the quarter. Ritholtz Wealth Management’s holdings in Adobe were worth $4,113,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management lifted its position in shares of Adobe by 350.0% in the second 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. Nexus Investment Management ULC acquired a new stake in Adobe in the 2nd quarter valued at $31,000. Horizon Financial Services LLC lifted its position in 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 in the last quarter. Total Investment Management Inc. acquired a new position in shares of Adobe during the 2nd quarter worth about $35,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Adobe in the 3rd quarter valued at about $35,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $296.12 on Friday. The stock has a market cap of $123.96 billion, a PE ratio of 17.72, a P/E/G ratio of 1.20 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. The firm has a 50-day moving average of $334.75 and a 200-day moving average of $347.48. Adobe Inc. has a 52-week low of $295.42 and a 52-week high of $465.70.

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

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ADBE. The Goldman Sachs Group initiated coverage on Adobe in a report on Monday, January 12th. They set a “sell” rating and a $290.00 target price on the stock. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup boosted their target price on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Finally, TD Cowen lowered their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $402.85.

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.