ST Germain D J Co. Inc. Has $43,000 Stake in Adobe Inc. $ADBE

ST Germain D J Co. Inc. lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 97.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121 shares of the software company’s stock after selling 4,546 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Adobe were worth $43,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lathrop Investment Management Co. increased its holdings in shares of Adobe by 2.8% during the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after buying an additional 718 shares in the last quarter. Mcdaniel Terry & Co. boosted its holdings 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 valued at $15,284,000 after acquiring an additional 1,093 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new stake in Adobe during the 2nd quarter worth $328,000. Bourgeon Capital Management LLC increased its holdings in Adobe by 41.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock worth $9,548,000 after purchasing an additional 7,176 shares in the last quarter. Finally, World Investment Advisors raised its position in Adobe by 8.0% in the second quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock valued at $9,361,000 after purchasing an additional 1,794 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho reduced their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a report on Friday, December 5th. Morgan Stanley dropped their price target 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. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Finally, Wolfe Research lowered their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $417.93.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $355.81 on Friday. The company has a market capitalization of $148.94 billion, a PE ratio of 21.29, a P/E/G ratio of 1.40 and a beta of 1.54. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The firm has a fifty day simple moving average of $336.37 and a 200 day simple moving average of $356.18.

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

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.