Adobe Inc. $ADBE Shares Sold by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 47.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,864 shares of the software company’s stock after selling 19,910 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Adobe were worth $7,713,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADBE. Independent Solutions Wealth Management LLC lifted its stake in Adobe by 6.6% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 2,487 shares of the software company’s stock valued at $877,000 after buying an additional 154 shares in the last quarter. Benjamin Edwards Inc. increased its position in Adobe by 18.1% during the third quarter. Benjamin Edwards Inc. now owns 10,592 shares of the software company’s stock worth $3,736,000 after buying an additional 1,621 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of Adobe by 39.4% in the third quarter. United Asset Strategies Inc. now owns 46,216 shares of the software company’s stock worth $16,303,000 after acquiring an additional 13,067 shares during the last quarter. Kennon Green & Company LLC lifted its position in shares of Adobe by 25.2% in the third quarter. Kennon Green & Company LLC now owns 9,733 shares of the software company’s stock valued at $3,433,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Adobe by 136.0% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 236 shares of the software company’s stock valued at $83,000 after acquiring an additional 136 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $338.10 on Thursday. 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 capitalization of $141.53 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.32 and a beta of 1.53. The business’s 50-day simple moving average is $337.29 and its 200-day simple moving average is $350.56.

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 net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the firm posted $4.81 earnings per share. Adobe’s revenue for the quarter 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. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research report on Monday, December 29th. BMO Capital Markets lowered 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, December 15th. Stifel Nicolaus cut their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Finally, Oppenheimer decreased their target price on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $411.88.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s Analytics unit reported record U.S. online holiday sales (Nov. 1–Dec. 31) of roughly $257.8B, underscoring continued demand for Adobe’s data and insights products and reinforcing the company’s relevance to retailers and advertisers. US online holiday spending hits record levels despite slower growth, Adobe says
• Positive Sentiment: Several bullish commentary pieces argue ADBE’s high margins and cash generation make it an attractive buy at current multiples, supporting modest upside sentiment among value-oriented investors. Buy Or Sell Adobe Stock?
• Neutral Sentiment: Industry and competitor analyses compare Adobe’s product breadth and valuation against peers, providing context but no immediate catalyst — useful for longer‑term positioning rather than near‑term moves. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Publisher screens and trend pieces note elevated attention around ADBE (search/volume interest), which can increase volatility but is not a directional fundamental signal by itself. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Jefferies downgraded Adobe to a Hold, citing a limited near‑term AI inflection — a direct analyst headwind that can cap multiple expansion until clearer AI monetization appears. Adobe downgraded to hold on limited AI inflection: Jefferies
• Negative Sentiment: Coverage highlighting recent downgrades, a multi‑day share pullback and arguments that Adobe faces near‑term risks (valuation/headwinds) increases selling pressure and investor caution. Why Is Adobe Stock Getting Downgraded? 3 Reasons ADBE is Risky and 1 Stock to Buy Instead

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.