Johnson Investment Counsel Inc. Sells 12,354 Shares of Adobe Inc. $ADBE

Johnson Investment Counsel Inc. cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 141,521 shares of the software company’s stock after selling 12,354 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Adobe were worth $49,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the period. Nexus Investment Management ULC purchased a new stake in shares of Adobe during the 2nd quarter valued at $31,000. Horizon Financial Services LLC raised its stake in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in shares of Adobe in the 2nd quarter worth about $35,000. Finally, Heartwood Wealth Advisors LLC bought a new position in Adobe during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research note on Thursday, December 11th. Robert W. Baird set a $350.00 price target on shares of Adobe in a report on Wednesday, January 14th. Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and dropped their price objective for the company from $500.00 to $400.00 in a research note on Monday, January 5th. Wells Fargo & Company reduced their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Oppenheimer lowered Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $401.13.

Adobe Stock Down 0.6%

ADBE opened at $266.90 on Tuesday. The firm has a market capitalization of $109.56 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. Adobe Inc. has a one year low of $262.95 and a one year high of $465.70. The company has a fifty day moving average price of $323.41 and a 200-day moving average price of $337.66. 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 (NASDAQ:ADBE) last posted its quarterly earnings data 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 company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

About Adobe

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.