Oak Thistle LLC Decreases Stock Position in Adobe Inc. $ADBE

Oak Thistle LLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 42.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,590 shares of the software company’s stock after selling 2,625 shares during the quarter. Oak Thistle LLC’s holdings in Adobe were worth $1,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ADBE. 1248 Management LLC purchased a new position in shares of Adobe during the 1st quarter worth about $25,000. LSV Asset Management lifted its stake in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC purchased a new position in shares of Adobe during the second quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC grew its stake in shares of Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADBE shares. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Thursday, December 11th. Stifel Nicolaus lowered their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Citigroup raised their price target on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group decreased their price objective on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $417.93.

Adobe Stock Up 1.9%

NASDAQ:ADBE opened at $354.66 on Thursday. 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 1-year low of $311.58 and a 1-year high of $465.70. The company has a 50-day moving average of $336.20 and a 200 day moving average of $356.18. The firm has a market cap of $148.46 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating 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 business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the business posted $4.81 EPS. The company’s quarterly revenue 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. As a group, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction 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 owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

About Adobe

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.