Cim Investment Management Inc. Purchases 3,713 Shares of Adobe Inc. $ADBE

by · The Markets Daily

Cim Investment Management Inc. raised its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 99.7% during the second quarter, Holdings Channel reports. The fund owned 7,438 shares of the software company’s stock after acquiring an additional 3,713 shares during the period. Cim Investment Management Inc.’s holdings in Adobe were worth $3,093,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ADBE. 1248 Management LLC bought a new position in shares of Adobe in the 1st quarter worth approximately $25,000. LSV Asset Management grew 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 buying an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new stake in Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new position in Adobe in the second quarter worth approximately $31,000. Finally, Horizon Financial Services LLC boosted its stake 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 worth $32,000 after acquiring an additional 80 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group decreased their target price on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho decreased their price objective on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. UBS Group reaffirmed a “neutral” rating and set a $375.00 price objective on shares of Adobe in a research report on Thursday. Piper Sandler reduced their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Finally, Stifel Nicolaus lowered their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $413.19.

Get Our Latest Analysis on Adobe

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Stock Up 1.7%

NASDAQ ADBE opened at $356.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $336.07 and its 200 day moving average is $357.48. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $474.91. The stock has a market cap of $149.20 billion, a PE ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the firm posted $4.81 EPS. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. 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 EPS for the current fiscal year.

Adobe Profile

(Free Report)

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

Featured Articles

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE – Free Report).