Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Adobe Inc. $ADBE

Wealth Enhancement Advisory Services LLC lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 38.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,967 shares of the software company’s stock after selling 113,784 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Adobe were worth $62,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ADBE. LSV Asset Management lifted its position in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the last quarter. Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter worth $31,000. Horizon Financial Services LLC lifted its holdings in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Adobe in the 2nd quarter worth $35,000. Finally, Howard Hughes Medical Institute purchased a new position in Adobe during the 2nd quarter worth $36,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

NASDAQ:ADBE traded down $6.93 during mid-day trading on Tuesday, hitting $289.19. The company’s stock had a trading volume of 902,798 shares, compared to its average volume of 4,452,749. The business’s fifty day moving average is $334.09 and its two-hundred day moving average is $346.36. The stock has a market cap of $118.71 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.17 and a beta of 1.53. 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 Inc. has a 1 year low of $289.82 and a 1 year high of $465.70.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share 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%.The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business 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. Analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, 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 at the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research note on Thursday, December 11th. Citigroup upped their price target on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. TD Cowen lowered their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Cowen reissued a “hold” rating on shares of Adobe in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $402.85.

About Adobe

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.