Meyer Handelman Co. Grows Position in Adobe Inc. $ADBE

Meyer Handelman Co. boosted its position in Adobe Inc. (NASDAQ:ADBE) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,520 shares of the software company’s stock after acquiring an additional 2,060 shares during the quarter. Meyer Handelman Co.’s holdings in Adobe were worth $8,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HBW Advisory Services LLC raised its holdings in shares of Adobe by 16.8% in the 3rd quarter. HBW Advisory Services LLC now owns 7,299 shares of the software company’s stock valued at $2,575,000 after purchasing an additional 1,049 shares in the last quarter. Greenup Street Wealth Management LLC purchased a new position in Adobe in the third quarter valued at $3,401,000. Highland Capital Management LLC raised its stake in Adobe by 45.0% in the third quarter. Highland Capital Management LLC now owns 13,279 shares of the software company’s stock valued at $4,684,000 after buying an additional 4,123 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in Adobe in the third quarter valued at $450,000. Finally, Trust Co. of Toledo NA OH lifted its holdings in Adobe by 1.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 3,652 shares of the software company’s stock worth $1,288,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ADBE shares. TD Cowen cut their target price on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Evercore ISI dropped their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Citigroup boosted their price objective on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, December 8th. Finally, Piper Sandler cut their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $417.93.

Adobe Stock Up 0.2%

ADBE stock opened at $353.80 on Friday. The company has a market cap of $148.10 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The company has a fifty day moving average price of $338.76 and a 200 day moving average price of $353.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the firm posted $4.81 EPS. Adobe’s revenue for the quarter 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. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

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.