Perigon Wealth Management LLC Trims Holdings in Adobe Inc. $ADBE

Perigon Wealth Management LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 33.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,301 shares of the software company’s stock after selling 3,589 shares during the quarter. Perigon Wealth Management LLC’s holdings in Adobe were worth $2,575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADBE. 1248 Management LLC bought a new stake in Adobe during the 1st quarter valued at about $25,000. LSV Asset Management increased its position in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new stake in shares of Adobe during the second quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC boosted its holdings in shares of Adobe by 4,000.0% in the second 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 period. 81.79% of the stock is currently owned by institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Coverage highlighting how AI has reshaped Adobe’s products in 2025 reinforces the company’s long‑term growth narrative and supports multiple expansion for a software company exposed to AI-driven demand. Adobe in 2025: How AI transformed creativity and productivity
• Positive Sentiment: Investor advocacy pieces and accumulation stories (e.g., a Seeking Alpha author saying they continue to buy after recent results) signal buy‑side conviction that short‑term softness is outweighed by Adobe’s long runways in Creative/Experience/AI. Why I Keep Accumulating Adobe Shares After Its Recent Earnings
• Positive Sentiment: Analyst/hedge fund coverage cited in recent write‑ups shows a majority “Buy” stance and a median price target well above current levels, supporting upside potential if execution continues. Strong Results, Softer Outlook: What’s Next for Adobe Inc. (ADBE)?
• Neutral Sentiment: Benzinga’s options note flags notable option activity — useful as a read on institutional sentiment but ambiguous without direction (could be hedging or directional bets). Traders should watch large call/put trades and open interest for near‑term signals. Adobe’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Macro/sector commentary (Bessemer interview on AI software) underscores that 2026 may shift focus from hardware to software — a favorable backdrop for Adobe but not an immediate catalyst. 2026 will be the year of AI software after intense focus on hardware: Bessemer’s Byron Deeter
• Neutral Sentiment: A review piece that revisits Adobe’s fundamentals offers little new near‑term catalyst but helps longer‑term investors assess valuation vs. growth. Reviewing Triple P & Adobe
• Negative Sentiment: Coverage highlighting “strong results but softer outlook” reiterates the main risk: while Adobe recently beat, management’s near‑term guidance/softness can trigger profit‑taking and weigh on the stock until visibility improves. Strong Results, Softer Outlook: What’s Next for Adobe Inc. (ADBE)?
• Neutral Sentiment: Corporate action rumor/filing involving SEMrush (vote on a $12‑per‑share takeover) surfaced — impacts are unclear for Adobe and should be treated as uncertain until details are confirmed. Semrush Sets February Vote on $12‑per‑Share Adobe Takeover

Insider Transactions at Adobe

In other 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ADBE shares. Oppenheimer reduced their price objective on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Wednesday, December 17th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 target price on shares of Adobe in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $417.93.

Adobe Price Performance

ADBE opened at $353.16 on Tuesday. The firm has a market capitalization of $147.83 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The business’s 50-day moving average is $338.96 and its two-hundred day moving average is $352.45. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results 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. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the business earned $4.81 EPS. The company’s 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. Research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.