Mayflower Financial Advisors LLC Decreases Stake in Adobe Inc. $ADBE

Mayflower Financial Advisors LLC decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 54.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,267 shares of the software company’s stock after selling 1,520 shares during the period. Mayflower Financial Advisors LLC’s holdings in Adobe were worth $447,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ADBE. Redburn Partners set a $280.00 target price on Adobe in a research note on Monday, September 1st. Piper Sandler lowered their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. TD Cowen dropped their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets decreased their target price on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Finally, Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. 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 given a Sell rating to the company. According to MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $417.93.

Adobe Trading Up 0.2%

NASDAQ ADBE opened at $353.80 on Monday. The company has a market capitalization 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 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. The company’s fifty day moving average price is $338.76 and its two-hundred day moving average price is $352.87.

Adobe (NASDAQ:ADBE) last issued its 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 business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the business posted $4.81 EPS. The company’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. As a group, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling

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