Oak Thistle LLC Sells 2,625 Shares of Adobe Inc. $ADBE

Oak Thistle LLC lowered its position in Adobe Inc. (NASDAQ:ADBE) by 42.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,590 shares of the software company’s stock after selling 2,625 shares during the period. Oak Thistle LLC’s holdings in Adobe were worth $1,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Schmidt P J Investment Management Inc. increased its position in shares of Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. VanderPol Investments L.L.C. grew its stake in Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after buying an additional 27 shares during the last quarter. Rise Advisors LLC increased its position in Adobe by 7.0% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after buying an additional 27 shares in the last quarter. FSM Wealth Advisors LLC increased its position in Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares in the last quarter. Finally, Intellus Advisors LLC raised its stake in Adobe by 1.6% in the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of research analyst reports. Piper Sandler dropped their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company cut their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Finally, Stifel Nicolaus cut their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $417.93.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of Adobe 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 transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Up 1.9%

NASDAQ:ADBE opened at $354.66 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The company’s fifty day moving average price is $336.20 and its 200-day moving average price is $356.18. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The firm has a market capitalization of $148.46 billion, a P/E ratio of 21.22, a PEG ratio of 1.37 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Profile

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.