Hemenway Trust Co LLC Has $515,000 Holdings in Adobe Inc. $ADBE

Hemenway Trust Co LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 82.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,460 shares of the software company’s stock after selling 7,091 shares during the period. Hemenway Trust Co LLC’s holdings in Adobe were worth $515,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management increased its holdings in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Horizon Financial Services LLC increased its position in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Adobe in the second quarter valued at approximately $35,000. Heartwood Wealth Advisors LLC purchased a new stake in Adobe during the 3rd quarter worth about $35,000. Finally, Howard Hughes Medical Institute bought a new stake in Adobe during the 2nd quarter worth approximately $36,000. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Adobe Stock Down 1.5%

Shares of ADBE stock opened at $259.21 on Friday. 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 $251.10 and a one year high of $461.00. The company’s fifty day moving average price is $311.28 and its 200-day moving average price is $332.38. The company has a market capitalization of $106.41 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.03 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (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 during the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the firm posted $4.81 EPS. The company’s revenue was up 10.5% on a year-over-year basis. 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.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADBE shares. Mizuho decreased their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Citigroup raised their price target on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Wells Fargo & Company decreased their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Jefferies Financial Group lowered shares of Adobe from a “buy” rating to a “hold” rating and decreased their price target for the stock from $500.00 to $400.00 in a research note on Monday, January 5th. Finally, BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $400.00 to $375.00 in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average target price of $397.16.

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.