<div id="readability-page-1"><p>Saratoga Research &amp; Investment Management decreased its position in  Adobe Inc. (NASDAQ:ADBE - Free Report) by 37.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,634 shares of the software company's stock after selling 26,551 shares during the quarter. Adobe comprises approximately  0.9% of Saratoga Research &amp; Investment Management's investment portfolio, making the stock its 28th biggest position. Saratoga Research &amp; Investment Management's holdings in Adobe were worth $16,881,000 at the end of the most recent reporting period.</p><ul><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p>A number of other large investors also recently made changes to their positions in the company. Lathrop Investment Management Co. lifted its holdings in shares of  Adobe by 2.8% during the second 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 in the last quarter.  Mcdaniel Terry &amp; Co. increased its position in  Adobe by 2.8% during the second quarter. Mcdaniel Terry &amp; 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 acquired a new stake in  Adobe in the 2nd quarter worth about $328,000.  Bourgeon Capital Management LLC raised its stake in  Adobe by 41.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company's stock worth $9,548,000 after purchasing an additional 7,176 shares in the last quarter.  Finally, World Investment Advisors boosted its holdings in  Adobe by 8.0% in 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. Institutional investors own  81.79% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>ADBE has been the topic of several recent research reports. Citigroup lowered their target price on shares of Adobe from $400.00 to $366.00 and set a &#34;neutral&#34; rating on the stock in a report on Thursday, December 4th. Wolfe Research reduced their price target on Adobe from $450.00 to $440.00 and set an &#34;outperform&#34; rating on the stock in a research report on Thursday. Wall Street Zen lowered Adobe from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Sunday. Evercore ISI dropped their price objective on Adobe from $475.00 to $450.00 and set an &#34;outperform&#34; rating for the company in a report on Friday, September 12th. Finally, Redburn Partners  set a $280.00 target price on Adobe in a report on Monday, September 1st. One analyst  has rated the stock with a Strong Buy rating, fourteen 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, Adobe  has a consensus rating of &#34;Hold&#34; and a consensus price target of $413.19.</p><ul><li>Adobe Launches Premiere Pro on iPhone, Upside Ahead?</li></ul><p><b>Get Our Latest Stock Report on Adobe</b></p><h2>Adobe Stock Up 1.7%</h2><p>Shares of ADBE opened at $356.43 on Friday. The firm has a 50 day simple moving average of $336.07 and a two-hundred day simple moving average of $357.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a one year low of $311.58 and a one year high of $474.91. The company has a market cap of $149.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54. </p><ul><li>Fundamentals Say Bet Against the Recent Adobe Downgrade </li></ul><p>Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the company posted $4.81 EPS. The company's revenue for the quarter 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.  Research analysts forecast that  Adobe Inc. will post 16.65 EPS for the current fiscal year. </p><h2>Insider Buying and Selling</h2><p>In other Adobe news, CAO Jillian Forusz sold 149 shares of the business's stock in a transaction dated 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 owned 3,426 shares of the company's stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Insiders own  0.16% of the company's stock. </p><h2>Adobe Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Adobe</li><li>Differences Between Momentum Investing and Long Term Investing </li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>What is the S&amp;P/TSX Index?</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>High Dividend REITs: Are They an Ideal Way to Diversify?</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Adobe Right Now?</h2><p>Before you consider Adobe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.</p><p>While Adobe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ADBE

<p>Saratoga Research & Investment Management reduced its stake in Adobe Inc. by 37.8% in Q2, selling 26,551 shares. Adobe's stock, comprising 0.9% of Saratoga's portfolio, was valued at $16.88 million. Despite some analysts downgrading Adobe, the company reported strong Q2 earnings, with a 10.5% revenue increase year-over-year. Adobe's stock opened at $356.43, with a market cap of $149.20 billion. Analysts have mixed ratings, with a consensus "Hold" and a price target of $413.19.</p>

- Saratoga Research & Investment Management reduced its stake in Adobe Inc. by 37.8%, holding 43,634 shares valued at $16,881,000.  
- Other investors, including Lathrop Investment Management and Bourgeon Capital Management, also adjusted their positions in Adobe during the second quarter.  
- Adobe reported earnings of $5.50 per share, exceeding estimates, and provided guidance for Q1 2026 EPS between 5.850 and 5.900.

Saratoga Research & Investment Management Sells 26,551 Shares of Adobe Inc. $ADBE