Bank of Jackson Hole Trust Reduces Stake in Adobe Inc. $ADBE

Bank of Jackson Hole Trust lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 90.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214 shares of the software company’s stock after selling 2,110 shares during the period. Bank of Jackson Hole Trust’s holdings in Adobe were worth $75,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Riverbend Wealth Management LLC raised its stake in shares of Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after buying an additional 29 shares during the period. FSM Wealth Advisors LLC grew its stake in shares of Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after acquiring an additional 30 shares during the period. Intellus Advisors LLC increased its holdings in Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after acquiring an additional 30 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after acquiring an additional 30 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in Adobe by 44.9% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after acquiring an additional 31 shares during the period. Institutional investors own 81.79% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Major Photoshop update — Adobe rolled out a wide set of Photoshop improvements that boost control, realism and new layers (clarity/dehaze), which should help retain and expand Creative Cloud subscribers and monetization over time. Adobe Photoshop Gets a Major Update
• Positive Sentiment: Added clarity and dehaze layer in Photoshop — incremental product capability that improves differentiation for photographers/design pros and strengthens product stickiness. Adobe finally adds a clarity and dehaze layer to Photoshop – and I can’t believe it took this long
• Positive Sentiment: Broader Photoshop upgrades highlighted by press — coverage (Forbes) frames upgrades as meaningful to professional workflows, supporting long-term ARPU and enterprise appeal. Product momentum is a tailwind for subscription revenue. Adobe Announces New Upgrades To Photoshop Giving More Control, Realism And Precision
• Neutral Sentiment: Executive compensation and severance policy update — Adobe disclosed its 2026 executive pay plans and a new severance policy; governance/compensation details are usually neutral for near-term stock moves unless escalation occurs. Adobe announces 2026 executive compensation plans and new severance policy
• Neutral Sentiment: Short interest report shows no meaningful change / noisy data — the released short-interest figures are effectively zero/NaN and imply no clear short-squeeze or crowd positioning signal from this release. Short interest update
• Negative Sentiment: Analyst comparison favors Salesforce over Adobe — a Zacks piece argues Salesforce (CRM) is the better enterprise software buy right now, citing AI and margin momentum at CRM; that reinforces competitive concerns and may pressure investor sentiment on Adobe. CRM vs. ADBE: Which Enterprise Software Stock Is the Better Buy?
• Negative Sentiment: Semrush merger legal risk — Semrush (target of a proposed Adobe deal) is facing shareholder lawsuits over the proposed merger, which could delay or complicate the acquisition and add near-term uncertainty/cost for Adobe. Semrush Faces Shareholder Lawsuits Over Proposed Adobe Merger

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by insiders.

Adobe Stock Down 2.4%

Shares of NASDAQ:ADBE opened at $297.42 on Wednesday. The firm has a fifty day moving average price of $330.15 and a two-hundred day moving average price of $343.12. The company has a market cap of $122.09 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a one year low of $288.33 and a one year high of $465.70.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the business posted $4.81 earnings per share. The firm’s revenue 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. Analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADBE. TD Cowen cut their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Barclays reiterated an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. Stifel Nicolaus dropped their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $397.19.

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.