Welch & Forbes LLC Has $33.50 Million Holdings in Adobe Inc. $ADBE

Welch & Forbes LLC trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,978 shares of the software company’s stock after selling 8,689 shares during the quarter. Welch & Forbes LLC’s holdings in Adobe were worth $33,504,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management grew its position in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC acquired a new stake in shares of Adobe during the 2nd quarter valued at $31,000. Horizon Financial Services LLC boosted its position in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the period. Total Investment Management Inc. bought a new position in Adobe during the 2nd quarter worth $35,000. Finally, Howard Hughes Medical Institute bought a new position in Adobe during the 2nd quarter worth approximately $36,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction 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.

Adobe Price Performance

Shares of ADBE stock opened at $293.25 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average is $328.75 and its 200 day moving average is $341.95. Adobe Inc. has a twelve month low of $284.60 and a twelve month high of $465.70. The stock has a market cap of $120.38 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.15 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADBE shares. Barclays restated an “overweight” rating and issued a $415.00 price target on shares of Adobe in a report on Friday, December 5th. UBS Group decreased their price objective on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus reduced their target price 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. Jefferies Financial Group lowered shares of Adobe from a “buy” rating to a “hold” rating and cut their price objective for the company from $500.00 to $400.00 in a research report on Monday, January 5th. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $397.19.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Airtel partnership expands Adobe Express distribution to hundreds of millions of users, a large user‑growth and awareness catalyst that could help adoption and monetization in key markets. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
• Neutral Sentiment: Reported short‑interest data show effectively zero days to cover (odd/flat readings), indicating no clear short‑squeeze risk from current filings — the data don’t appear to be driving the move. (internal short‑interest entry)
• Neutral Sentiment: Apple’s new Creator Studio prompts discussion about competitive dynamics for creators; analysts see it as a different product rather than an immediate Adobe “killer,” but it raises long‑term competitive watchpoints. Apple’s Creator Studio Isn’t an Adobe Killer
• Negative Sentiment: Major brokerages (Goldman, BMO, Jefferies) issued downgrades on ADBE, which has directly pressured the stock as investors mark down near‑term expectations and valuation multiples. Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
• Negative Sentiment: Adobe disclosed insider selling: the CFO sold about $485k of stock. While single insider sales can be routine, the move adds to negative sentiment when combined with analyst downgrades. Adobe (NASDAQ:ADBE) CFO Sells $485,323.10 in Stock
• Negative Sentiment: Adobe’s acquisition of Semrush at a reported ~78% premium drew attention for being an expensive bolt‑on, raising questions about deal discipline and near‑term EPS/ROI impact. That concern is amplifying sell‑side caution. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium

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.