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

ST Germain D J Co. Inc. cut its position in Adobe Inc. (NASDAQ:ADBE) by 97.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lathrop Investment Management Co. increased its holdings in shares of Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after purchasing an additional 718 shares during 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 worth $15,284,000 after buying an additional 1,093 shares during the period. Jackson Thornton Wealth Management LLC acquired a new position in Adobe in the 2nd quarter valued at about $328,000. Bourgeon Capital Management LLC raised 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 valued at $9,548,000 after acquiring an additional 7,176 shares during the period. Finally, World Investment Advisors raised its holdings in Adobe by 8.0% in the 2nd quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock valued at $9,361,000 after acquiring an additional 1,794 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Stock Performance

ADBE opened at $355.81 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.70. The firm has a market cap of $148.94 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54. The business’s fifty day moving average is $336.37 and its 200-day moving average is $356.18.

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 business had revenue of $6.19 billion during 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 was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred 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 owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of several research reports. Mizuho decreased their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Evercore ISI decreased their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Wells Fargo & Company lowered their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Oppenheimer reduced their target price on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, Piper Sandler lowered their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $417.93.

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.