Plimoth Trust Co. LLC Sells 6,648 Shares of Adobe Inc. $ADBE

Key Points

• Plimoth Trust Co. LLC sold 6,648 shares of Adobe in Q4, reducing its holding by 66.6% to 3,330 shares worth about $1.165 million.
• Analyst sentiment is mixed: the consensus rating is Hold with a $339.88 average target, while individual calls range from Bernstein's $447 outperform to RBC cutting its target to $350.
• Adobe posted an earnings beat (EPS $6.06 vs. $5.87; revenue $6.40B, +12%), launched the Firefly AI Assistant that may drive AI monetization, but rising competition and recent institutional/insider selling present risks.

Plimoth Trust Co. LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,330 shares of the software company's stock after selling 6,648 shares during the period. Plimoth Trust Co. LLC's holdings in Adobe were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ADBE. Brighton Jones LLC grew its position in Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC grew its position in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock valued at $926,000 after purchasing an additional 486 shares in the last quarter. United Bank grew its position in Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company's stock valued at $1,460,000 after purchasing an additional 428 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock valued at $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock valued at $1,069,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an "outperform" rating in a research report on Friday, March 13th. William Blair downgraded shares of Adobe from an "outperform" rating to a "market perform" rating in a research report on Thursday, March 26th. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings downgraded shares of Adobe from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Adobe from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $339.88.

Adobe Price Performance

NASDAQ:ADBE opened at $244.45 on Friday. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The company has a market cap of $98.81 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.97 and a beta of 1.52. The firm's fifty day moving average price is $253.43 and its two-hundred day moving average price is $303.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. Adobe's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched the Firefly AI Assistant — a conversational, agentic tool that automates multi‑step creative workflows inside Photoshop, Premiere and Illustrator; the product expands Adobe’s AI monetization paths and reinforces Creative Cloud differentiation. Read More.
• Positive Sentiment: Zacks and several outlets highlight Adobe’s expanded Firefly/AI portfolio for creators, noting the launch could speed workflows and help Adobe justify AI investments — a potential revenue/ARR upside if adoption scales. Read More.
• Positive Sentiment: Adobe reported AI traffic to U.S. retail sites is converting materially better (March AI traffic +42% vs. non‑AI), supporting the business case that Adobe’s AI features can drive customer ROI and platform value. Read More.
• Neutral Sentiment: Several media pieces and analysts note Adobe’s shares are at multi‑year lows, framing the stock as a “cheap” software name — that can attract value buyers but also reflects investor caution on AI/valuation. Read More.
• Neutral Sentiment: Analysts are recalibrating valuation rather than overhauling it — some firms trimmed targets modestly while others remain positive; reports show measured fair‑value tweaks reflecting mixed views on AI ROI. Read More.
• Negative Sentiment: Royal Bank of Canada cut its price target from $400 to $350 (still Outperform). A notable PT cut from a major bank can pressure sentiment even when the rating stays positive. Read More.
• Negative Sentiment: Competition risk rose as Anthropic and others develop AI design tools that could encroach on Adobe’s product moat — a tangible long‑term risk for market share in creative workflows. Read More.
• Negative Sentiment: Data shows sizable institutional reductions (e.g., UBS AM) and some insider sales in recent months — selling from large holders can amplify downward pressure in a low‑price environment. Read More.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares of the company's stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.