Boston Trust Walden Corp Reduces Stake in Adobe Inc. $ADBE

Boston Trust Walden Corp lowered its position in Adobe Inc. (NASDAQ:ADBE) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,507 shares of the software company’s stock after selling 12,913 shares during the quarter. Boston Trust Walden Corp’s holdings in Adobe were worth $28,399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADBE. Plimoth Trust Co. LLC increased its holdings in Adobe by 14.5% during the 3rd quarter. Plimoth Trust Co. LLC now owns 9,978 shares of the software company’s stock worth $3,520,000 after purchasing an additional 1,265 shares during the period. Atlas Brown Inc. acquired a new stake in Adobe in the 3rd quarter worth approximately $322,000. 1900 Wealth Management LLC grew its holdings in shares of Adobe by 287.6% during the third quarter. 1900 Wealth Management LLC now owns 5,388 shares of the software company’s stock valued at $1,901,000 after buying an additional 3,998 shares during the last quarter. FLC Capital Advisors grew its stake in Adobe by 14.7% during the 3rd quarter. FLC Capital Advisors now owns 2,220 shares of the software company’s stock valued at $783,000 after purchasing an additional 285 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC boosted its position in Adobe by 2.0% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 1,860 shares of the software company’s stock valued at $656,000 after buying an additional 36 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Key Headlines Impacting Adobe

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

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $353.16 on Tuesday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The firm has a market capitalization of $147.83 billion, a P/E ratio of 21.13, a P/E/G 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 company’s fifty day moving average price is $338.96 and its 200 day moving average price is $352.45.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 EPS. The firm’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, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Activity

In other 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 completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADBE. UBS Group set a $487.00 target price on Adobe in a report on Sunday, December 14th. Evercore ISI dropped their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Stifel Nicolaus cut their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. BMO Capital Markets reduced their price target on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a research report 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 assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $417.93.

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.