Hohimer Wealth Management LLC Increases Position in Adobe Inc. $ADBE

Hohimer Wealth Management LLC boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 406.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,528 shares of the software company’s stock after purchasing an additional 7,648 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Adobe were worth $3,361,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Riverbend Wealth Management LLC raised its position in Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after acquiring an additional 29 shares during the period. Intellus Advisors LLC increased its stake in shares of Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after purchasing an additional 30 shares in the last quarter. Beacon Financial Advisory LLC lifted its stake in Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after buying an additional 30 shares in the last quarter. MCF Advisors LLC lifted its stake in 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 in the last quarter. Finally, Dakota Community Bank & Trust NA increased its stake in Adobe by 12.8% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock worth $106,000 after buying an additional 31 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks highlights Adobe’s expanding AI partnerships and deeper Firefly/Acrobat AI integration as catalysts that could drive a recovery in revenue and re-accelerate growth. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: CNET reports Adobe continuing to push AI-driven product innovation (next: one‑click AI video editing), supporting the company’s narrative of product differentiation that could protect pricing and customer workflows. Adobe’s Still All In on AI. Next Up: The One-Click Tool That Edits Videos for You
• Positive Sentiment: TipRanks notes Adobe is trading at ~15x earnings and frames the sell‑off as a potential buying opportunity for long‑term investors if Adobe can capitalize on AI and defend its workflow moat. Adobe Stock Is Trading at 15x Earnings
• Neutral Sentiment: Short‑interest data published for February shows anomalous zero/NaN figures — appears to be a data/reporting glitch and provides little actionable signal on squeeze risk. (internal short‑interest entries)
• Neutral Sentiment: Options‑strategy piece highlights elevated options premium and an example short iron‑condor trade paying ~35% — signals increased derivatives activity and opportunities for income/hedging but not a bullish fundamental read. 1 Picture-Perfect Short Iron Condor Trade
• Negative Sentiment: Google’s Gemini image upgrade (Nano Banana 2) promises “Pro‑grade” image outputs at speed — this intensifies competition in AI image/creative tooling and is cited as direct pressure on Adobe/Figma shares. Google Gemini Image Upgrade Pressures Adobe, Figma Shares
• Negative Sentiment: Broader industry stress: analysts and media cite a multi‑trillion‑dollar pullback in software stocks amid an AI “scare trade” and JPMorgan commentary that raises concerns about incumbents’ vulnerability to AI competition — a sector headwind weighing on ADBE. JPMorgan drops blunt take on software stocks AI threat
• Negative Sentiment: High‑profile criticism and analyst repositioning: Jim Cramer and others have questioned Adobe’s moat in the AI era, and Piper Sandler recently cut its rating/target (from Overweight to Neutral and lowered PT), creating near‑term sentiment/headline pressure. Adobe Doesn’t Have The Moat That It Thinks, Says Jim Cramer Piper Sandler Remains Positive on Adobe Despite Concerns

Adobe Trading Up 0.5%

NASDAQ ADBE opened at $259.04 on Friday. Adobe Inc. has a 12 month low of $244.28 and a 12 month high of $453.26. The stock has a market capitalization of $106.34 billion, a P/E ratio of 15.50, a PEG ratio of 1.01 and a beta of 1.51. The firm’s 50-day moving average is $301.51 and its two-hundred day moving average is $329.43. 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 posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter last year, the company posted $4.81 EPS. The firm’s quarterly 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADBE. Morgan Stanley dropped their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday, December 11th. Mizuho reduced their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. 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 research note on Monday, January 26th. Oppenheimer lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Finally, Robert W. Baird set a $350.00 price target on Adobe in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $392.76.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The sale 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 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.