Bank of New Hampshire Sells 2,575 Shares of Adobe Inc. $ADBE

Bank of New Hampshire lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 74.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds and other institutional investors have also bought and sold shares of the business. 1248 Management LLC purchased a new position in Adobe during the first quarter worth about $25,000. LSV Asset Management lifted 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 valued at $28,000 after buying an additional 56 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the first quarter worth about $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the 2nd quarter valued at $31,000. Finally, Horizon Financial Services LLC grew its holdings in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In related 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 value 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 represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Adobe Stock Down 1.5%

Shares of ADBE opened at $351.15 on Tuesday. The company 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. The business’s 50 day moving average is $336.09 and its 200 day moving average is $356.66. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $473.62. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data 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 the consensus estimate of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 EPS. The company’s revenue 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. Research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ADBE shares. Evercore ISI dropped their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. UBS Group set a $487.00 price objective on Adobe in a research report on Sunday. Citigroup dropped their target price on shares of Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Cowen reiterated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Finally, BMO Capital Markets lowered their target price on Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $417.15.

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.