CHICAGO TRUST Co NA Sells 3,467 Shares of Adobe Inc. $ADBE

CHICAGO TRUST Co NA lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 77.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 998 shares of the software company’s stock after selling 3,467 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Adobe were worth $352,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tlwm raised its stake in shares of Adobe by 6.1% during the third quarter. Tlwm now owns 2,543 shares of the software company’s stock worth $897,000 after buying an additional 147 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Adobe by 142.9% during the 3rd quarter. Sound Income Strategies LLC now owns 464 shares of the software company’s stock worth $161,000 after acquiring an additional 273 shares during the period. Foster Victor Wealth Advisors LLC raised its position in shares of Adobe by 18.6% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 62,588 shares of the software company’s stock valued at $21,702,000 after acquiring an additional 9,831 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in shares of Adobe by 4.9% in the 3rd quarter. Douglas Lane & Associates LLC now owns 3,404 shares of the software company’s stock valued at $1,201,000 after purchasing an additional 158 shares during the period. Finally, Orrstown Financial Services Inc. boosted its position in shares of Adobe by 1.2% in the 3rd quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock worth $927,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADBE shares. Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. Mizuho lowered their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Cowen reissued a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Evercore ISI decreased their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Finally, Wolfe Research cut their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a 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 given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average 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 the business’s 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 sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a multi‑year strategic partnership with Runway to integrate Runway’s generative video technology into Adobe’s creative stack and make Runway the preferred API partner — a move that accelerates Firefly’s video capabilities and strengthens Adobe’s positioning in pro video workflows. Adobe and Runway Partner to Deliver the Next Generation of AI Video for Creators, Studios and Brands
• Positive Sentiment: Adobe is adding Runway’s new video AI tool into Firefly under an exclusive partnership, expanding creative features that can drive higher engagement and subscription value for Adobe’s Creative Cloud customers. Adobe Adds Runway’s New Video AI Tool To Firefly In Exclusive Partnership
• Positive Sentiment: Qualified Digital launched an AI‑assisted accelerator to speed migrations to Adobe Experience Platform Web SDK, which could reduce deployment friction for enterprise customers and support faster platform adoption. 85% Faster – Qualified Digital Announces AI-assisted Accelerator
• Neutral Sentiment: Phillip Securities reiterated a Buy rating on ADBE but trimmed its price target (from $560 to $487), signaling continued conviction in long‑term growth while acknowledging valuation pressure after recent gains. Phillip Maintains Buy on Adobe (ADBE), Sees Steady Growth Into FY26
• Neutral Sentiment: Adobe Digital Insights reports holiday e‑commerce returns down ~2.5% year‑over‑year — a positive signal for merchants and the broader digital commerce metrics Adobe monitors, though it is a modest, indirect benefit to Adobe’s business. E-Commerce Returns Of Holiday Purchases Down 2.5%, Adobe Reports
• Negative Sentiment: A proposed class‑action alleges Adobe misused authors’ works to train its AI models; multiple outlets report the suit — a reputational and legal risk that could lead to costly litigation, regulatory scrutiny, or changes to training practices. Adobe sued for allegedly misusing authors’ work in AI training
• Negative Sentiment: KeyBanc downgraded ADBE to Underweight with a $310 price target, arguing limited near‑term upside after strong results — analyst downgrades can pressure sentiment and trigger short‑term selling. KeyBanc Turns Bearish on Adobe (ADBE) Despite Strong Q4 Results
• Negative Sentiment: Coverage on free Acrobat alternatives highlights competitive pressure in document tools; this is a longer‑term product/commercial risk but not an immediate earnings threat. Free Adobe Acrobat Alternatives for Every Need in 2026

Adobe Trading Up 0.0%

ADBE opened at $355.86 on Monday. The stock has a market capitalization of $148.96 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.40 and a beta of 1.54. 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 Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The firm’s fifty day simple moving average is $336.73 and its 200 day simple moving average is $355.04.

Adobe (NASDAQ:ADBE) last released 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. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $4.81 EPS. 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, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe 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.