NORTHSTAR ASSET MANAGEMENT Co Has $2.61 Million Holdings in Adobe Inc. $ADBE

NORTHSTAR ASSET MANAGEMENT Co cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 24.2% during the third quarter, HoldingsChannel.com reports. The firm owned 7,390 shares of the software company’s stock after selling 2,360 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Adobe were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ADBE. CoreCap Advisors LLC boosted its stake in Adobe by 9.5% during the third quarter. CoreCap Advisors LLC now owns 380 shares of the software company’s stock worth $134,000 after buying an additional 33 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Adobe by 7.6% in the 3rd quarter. North Star Investment Management Corp. now owns 1,505 shares of the software company’s stock valued at $531,000 after buying an additional 106 shares in the last quarter. Abundance Wealth Counselors lifted its holdings in shares of Adobe by 3.2% during the 3rd quarter. Abundance Wealth Counselors now owns 2,615 shares of the software company’s stock worth $922,000 after acquiring an additional 80 shares during the period. Kathmere Capital Management LLC boosted its position in shares of Adobe by 7.7% during the 3rd quarter. Kathmere Capital Management LLC now owns 3,757 shares of the software company’s stock valued at $1,325,000 after acquiring an additional 267 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its stake in Adobe by 1.8% in the third quarter. Gladstone Institutional Advisory LLC now owns 3,579 shares of the software company’s stock valued at $1,262,000 after acquiring an additional 65 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Neutral Sentiment: Analysts published forward-looking estimates and previews ahead of Adobe’s upcoming quarter, offering mixed expectations but no clear catalyst to reverse the pullback. Research Analysts Offer Predictions for Adobe Q1 Earnings
• Neutral Sentiment: A sector-level, comparative piece reviews Adobe versus peers and highlights competitive pressures and valuation differences — useful context for investors assessing relative strength but not a direct trigger. In-Depth Analysis: Adobe Versus Competitors In Software Industry
• Negative Sentiment: Jefferies downgraded Adobe from Buy to Hold, saying Adobe’s AI “inflection” appears more limited versus peers — the downgrade is the primary near-term driver of selling pressure. Jefferies downgrades Adobe, upgrades IBM as AI reshapes 2026 software outlook
• Negative Sentiment: Coverage and op-eds are amplifying the downgrade impact — several pieces link the Jefferies call to a multi-day selloff and falling market cap, increasing negative sentiment among investors. Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Opinion/short pieces argue Adobe looks risky relative to alternatives and suggest rotation into other names; these narratives can accelerate outflows from momentum-focused holders. 3 Reasons ADBE is Risky and 1 Stock to Buy Instead
• Negative Sentiment: Market commentary highlights a sharp start to 2026 for software names (including Adobe) with steep intraday declines, reinforcing sector weakness and risk-off positioning. Salesforce and Adobe Start 2026 With a 5% Plunge—Should Investors Buy or Bail?

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Up 1.3%

Shares of ADBE opened at $335.99 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. The company has a market cap of $140.65 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.31 and a beta of 1.53. The stock has a fifty day moving average price of $337.28 and a two-hundred day moving average price of $350.64. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.70.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the company posted $4.81 earnings per share. The firm’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. Analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Thursday, December 11th. Stifel Nicolaus decreased their price target on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Jefferies Financial Group lowered Adobe from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $500.00 to $400.00 in a research note on Monday. Finally, Evercore ISI cut their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $414.22.

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.