NEOS Investment Management LLC Grows Stock Holdings in Adobe Inc. $ADBE

NEOS Investment Management LLC increased its position in Adobe Inc. (NASDAQ:ADBE) by 62.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 179,431 shares of the software company’s stock after buying an additional 68,742 shares during the quarter. NEOS Investment Management LLC’s holdings in Adobe were worth $63,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CX Institutional boosted its stake in Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after purchasing an additional 11,769 shares during the period. Wright Investors Service Inc. boosted its position in shares of Adobe by 114.4% during the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after acquiring an additional 5,293 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Adobe by 185.1% during the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after acquiring an additional 583,275 shares during the last quarter. Lathrop Investment Management Co. grew its stake in Adobe by 2.8% during the second 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. Finally, Jones Financial Companies Lllp increased its holdings in Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after acquiring an additional 32,448 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Trading Up 0.6%

Shares of ADBE stock opened at $263.97 on Tuesday. The company has a market cap of $108.36 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Adobe Inc. has a 1 year low of $251.10 and a 1 year high of $464.99. The stock’s 50 day simple moving average is $316.38 and its two-hundred day simple moving average is $334.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last released its 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. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

ADBE has been the subject of several research reports. UBS Group dropped their price objective on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Robert W. Baird set a $350.00 price target on Adobe in a research note on Wednesday, January 14th. Morgan Stanley cut their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $500.00 to $400.00 in a research note on Monday, January 5th. Finally, TD Cowen lowered their target price on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $397.16.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.