The Manufacturers Life Insurance Company Sells 166,673 Shares of Adobe Inc. $ADBE

The Manufacturers Life Insurance Company decreased its position in Adobe Inc. (NASDAQ:ADBE) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,728,969 shares of the software company’s stock after selling 166,673 shares during the period. The Manufacturers Life Insurance Company owned about 0.41% of Adobe worth $668,902,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lathrop Investment Management Co. grew its position in shares of Adobe by 2.8% in the 2nd 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 during the last quarter. Mcdaniel Terry & Co. lifted its stake in Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after acquiring an additional 1,093 shares during the period. Jackson Thornton Wealth Management LLC bought a new stake in Adobe in the second quarter valued at $328,000. Bourgeon Capital Management LLC increased its position in Adobe by 41.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after purchasing an additional 7,176 shares during the period. Finally, World Investment Advisors increased its position in Adobe by 8.0% during the 2nd 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 period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $520.00 to $450.00 in a report on Wednesday, September 24th. Stifel Nicolaus dropped their price target on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Citigroup decreased their price objective on Adobe from $400.00 to $366.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average target price of $425.29.

Adobe Stock Down 0.3%

ADBE stock opened at $343.13 on Thursday. The business has a 50 day moving average of $335.90 and a 200 day moving average of $358.28. The firm has a market cap of $143.63 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.54. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $552.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the firm posted $4.81 earnings per share. The company’s quarterly 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. On average, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

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.