Adobe Inc. $ADBE Shares Sold by Bank of New Hampshire

Bank of New Hampshire decreased its stake in Adobe Inc. (NASDAQ:ADBE) by 74.3% during the 3rd quarter, Holdings Channel reports. The firm owned 893 shares of the software company’s stock after selling 2,575 shares during the quarter. Bank of New Hampshire’s holdings in Adobe were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADBE. Norges Bank purchased a new stake in Adobe in the 2nd quarter valued at $2,029,950,000. Assenagon Asset Management S.A. raised its holdings in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after buying an additional 2,347,562 shares during the period. Amundi boosted its stake in shares of Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the period. AQR Capital Management LLC grew its stake in shares of Adobe by 116.9% in the first quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock worth $616,345,000 after acquiring an additional 880,134 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Adobe during the 2nd quarter worth about $318,224,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler lowered their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Citigroup cut their price target on Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Oppenheimer lowered their price objective on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a report on Thursday. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Finally, Mizuho lowered their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $417.15.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Adobe Stock Performance

Adobe stock opened at $351.15 on Tuesday. The stock’s 50 day moving average price is $336.09 and its 200 day moving average price is $356.66. The firm has a market capitalization of $146.99 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54. Adobe Inc. has a one year low of $311.58 and a one year high of $473.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the company earned $4.81 earnings per share. The company’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. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe Profile

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.