Chesley Taft & Associates LLC Has $9.14 Million Stock Holdings in Adobe Inc. $ADBE

Chesley Taft & Associates LLC trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,923 shares of the software company’s stock after selling 1,749 shares during the period. Chesley Taft & Associates LLC’s holdings in Adobe were worth $9,144,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms have recently commented on ADBE. Evercore ISI dropped their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Adobe in a report on Thursday, December 11th. BMO Capital Markets decreased their price target on shares of Adobe from $405.00 to $400.00 and set an “outperform” rating for the company in a report on Monday. Barclays reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research report on Friday, December 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set 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 issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $417.93.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Up 1.9%

NASDAQ ADBE opened at $354.66 on Thursday. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The stock has a market cap of $148.46 billion, a PE ratio of 21.22, a PEG ratio of 1.37 and a beta of 1.54. The firm has a 50-day simple moving average of $336.20 and a 200 day simple moving average of $356.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 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 during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the firm 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. On average, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

About Adobe

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.