Mayflower Financial Advisors LLC Trims Position in Adobe Inc. $ADBE

Mayflower Financial Advisors LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 54.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,267 shares of the software company’s stock after selling 1,520 shares during the period. Mayflower Financial Advisors LLC’s holdings in Adobe were worth $447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADBE. Lathrop Investment Management Co. lifted its holdings in shares of Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after purchasing an additional 718 shares in the last quarter. Mcdaniel Terry & Co. raised its position 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 purchasing an additional 1,093 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in Adobe in the 2nd quarter valued at approximately $328,000. Svenska Handelsbanken AB publ acquired a new stake in Adobe during the 3rd quarter valued at $34,922,000. Finally, Bourgeon Capital Management LLC grew its holdings in Adobe by 41.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after buying an additional 7,176 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group set a $487.00 price target on Adobe in a report on Sunday, December 14th. Morgan Stanley cut their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a report on Monday, December 22nd. Jefferies Financial Group lowered their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a research report on Thursday, December 11th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus price target of $417.93.

Adobe Trading Up 0.2%

Shares of ADBE stock opened at $353.80 on Monday. The firm’s 50-day simple moving average is $338.76 and its 200-day simple moving average is $352.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The firm has a market cap of $148.10 billion, a P/E ratio of 21.17, a PEG ratio of 1.39 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last released its earnings results 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 firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently 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.