Bank of Jackson Hole Trust Sells 2,110 Shares of Adobe Inc. $ADBE

Bank of Jackson Hole Trust lowered its position in Adobe Inc. (NASDAQ:ADBE) by 90.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214 shares of the software company’s stock after selling 2,110 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Adobe were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. CX Institutional lifted its holdings in Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after buying an additional 11,769 shares during the period. Wright Investors Service Inc. raised its holdings in shares of Adobe by 114.4% during the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock valued at $3,499,000 after acquiring an additional 5,293 shares in the last quarter. Lathrop Investment Management Co. raised its holdings in Adobe by 2.8% in the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after purchasing an additional 718 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Adobe during the third quarter valued at about $24,904,000. Finally, Mcdaniel Terry & Co. grew its holdings in shares of Adobe by 2.8% during the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after acquiring an additional 1,093 shares during the period. 81.79% of the stock is currently owned by institutional investors.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Major Photoshop update — Adobe rolled out a wide set of Photoshop improvements that boost control, realism and new layers (clarity/dehaze), which should help retain and expand Creative Cloud subscribers and monetization over time. Adobe Photoshop Gets a Major Update
• Positive Sentiment: Added clarity and dehaze layer in Photoshop — incremental product capability that improves differentiation for photographers/design pros and strengthens product stickiness. Adobe finally adds a clarity and dehaze layer to Photoshop – and I can’t believe it took this long
• Positive Sentiment: Broader Photoshop upgrades highlighted by press — coverage (Forbes) frames upgrades as meaningful to professional workflows, supporting long-term ARPU and enterprise appeal. Product momentum is a tailwind for subscription revenue. Adobe Announces New Upgrades To Photoshop Giving More Control, Realism And Precision
• Neutral Sentiment: Executive compensation and severance policy update — Adobe disclosed its 2026 executive pay plans and a new severance policy; governance/compensation details are usually neutral for near-term stock moves unless escalation occurs. Adobe announces 2026 executive compensation plans and new severance policy
• Neutral Sentiment: Short interest report shows no meaningful change / noisy data — the released short-interest figures are effectively zero/NaN and imply no clear short-squeeze or crowd positioning signal from this release. Short interest update
• Negative Sentiment: Analyst comparison favors Salesforce over Adobe — a Zacks piece argues Salesforce (CRM) is the better enterprise software buy right now, citing AI and margin momentum at CRM; that reinforces competitive concerns and may pressure investor sentiment on Adobe. CRM vs. ADBE: Which Enterprise Software Stock Is the Better Buy?
• Negative Sentiment: Semrush merger legal risk — Semrush (target of a proposed Adobe deal) is facing shareholder lawsuits over the proposed merger, which could delay or complicate the acquisition and add near-term uncertainty/cost for Adobe. Semrush Faces Shareholder Lawsuits Over Proposed Adobe Merger

Adobe Stock Performance

Shares of ADBE stock opened at $297.42 on Wednesday. The company has a market capitalization of $122.09 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a one year low of $288.33 and a one year high of $465.70. The company’s 50-day moving average is $330.15 and its 200 day moving average is $343.12.

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, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. BMO Capital Markets downgraded shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $400.00 to $375.00 in a research report on Friday, January 9th. Stifel Nicolaus decreased their price target 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. The Goldman Sachs Group started coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 price objective on the stock. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $397.19.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the business’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 completion of the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel Durn sold 1,646 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.16% of the stock is owned by insiders.

Adobe Company 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.