Boston Trust Walden Corp Has $28.40 Million Stock Position in Adobe Inc. $ADBE

Boston Trust Walden Corp lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 13.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 80,507 shares of the software company’s stock after selling 12,913 shares during the quarter. Boston Trust Walden Corp’s holdings in Adobe were worth $28,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Adobe during the first quarter worth $25,000. LSV Asset Management boosted its holdings in shares of Adobe by 350.0% in 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. Flaharty Asset Management LLC bought a new position in Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new stake in Adobe in the second quarter worth $31,000. Finally, Horizon Financial Services LLC boosted 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 acquiring an additional 80 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

ADBE stock opened at $353.16 on Tuesday. The stock’s fifty day moving average price is $338.96 and its 200-day moving average price is $352.45. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The company has a market cap of $147.83 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for 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%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last 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. On average, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADBE. Morgan Stanley cut their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Citigroup boosted their target price on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a report on Monday, September 1st. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus price target of $417.93.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Coverage highlighting how AI has reshaped Adobe’s products in 2025 reinforces the company’s long‑term growth narrative and supports multiple expansion for a software company exposed to AI-driven demand. Adobe in 2025: How AI transformed creativity and productivity
• Positive Sentiment: Investor advocacy pieces and accumulation stories (e.g., a Seeking Alpha author saying they continue to buy after recent results) signal buy‑side conviction that short‑term softness is outweighed by Adobe’s long runways in Creative/Experience/AI. Why I Keep Accumulating Adobe Shares After Its Recent Earnings
• Positive Sentiment: Analyst/hedge fund coverage cited in recent write‑ups shows a majority “Buy” stance and a median price target well above current levels, supporting upside potential if execution continues. Strong Results, Softer Outlook: What’s Next for Adobe Inc. (ADBE)?
• Neutral Sentiment: Benzinga’s options note flags notable option activity — useful as a read on institutional sentiment but ambiguous without direction (could be hedging or directional bets). Traders should watch large call/put trades and open interest for near‑term signals. Adobe’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Macro/sector commentary (Bessemer interview on AI software) underscores that 2026 may shift focus from hardware to software — a favorable backdrop for Adobe but not an immediate catalyst. 2026 will be the year of AI software after intense focus on hardware: Bessemer’s Byron Deeter
• Neutral Sentiment: A review piece that revisits Adobe’s fundamentals offers little new near‑term catalyst but helps longer‑term investors assess valuation vs. growth. Reviewing Triple P & Adobe
• Negative Sentiment: Coverage highlighting “strong results but softer outlook” reiterates the main risk: while Adobe recently beat, management’s near‑term guidance/softness can trigger profit‑taking and weigh on the stock until visibility improves. Strong Results, Softer Outlook: What’s Next for Adobe Inc. (ADBE)?
• Neutral Sentiment: Corporate action rumor/filing involving SEMrush (vote on a $12‑per‑share takeover) surfaced — impacts are unclear for Adobe and should be treated as uncertain until details are confirmed. Semrush Sets February Vote on $12‑per‑Share Adobe Takeover

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the firm’s 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 directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.