<div id="readability-page-1"><p>Trust Co. of Vermont trimmed its position in shares of  Adobe Inc. (NASDAQ:ADBE - Free Report) by 39.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 16,012 shares of the software company's stock after selling 10,368 shares during the quarter. Trust Co. of Vermont's holdings in Adobe were worth $5,648,000 at the end of the most recent quarter.</p><ul><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p>A number of other hedge funds have also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new position in shares of  Adobe during the 1st quarter worth approximately $25,000.  LSV Asset Management lifted its holdings in  Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company's stock valued at $28,000 after acquiring an additional 56 shares during the period.  Flaharty Asset Management LLC purchased a new stake in shares of  Adobe during the 1st quarter worth $29,000.  Nexus Investment Management ULC purchased a new stake in shares of  Adobe during the 2nd quarter worth $31,000.  Finally, Horizon Financial Services LLC grew its stake in shares of  Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company's stock worth $32,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own  81.79% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities research analysts recently commented on the stock. Redburn Partners  set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. Mizuho lowered their target price on Adobe from $410.00 to $390.00 and set an &#34;outperform&#34; rating on the stock in a report on Thursday, November 20th. UBS Group  set a $487.00 price objective on Adobe in a research report on Sunday, December 14th. Morgan Stanley decreased their price target on shares of Adobe from $450.00 to $425.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Thursday, December 11th. Finally, Evercore ISI lowered their price target on shares of Adobe from $475.00 to $450.00 and set an &#34;outperform&#34; rating for the company in a report on Friday, September 12th. One equities research analyst  has rated the stock with a Strong Buy rating, fourteen have assigned  a Buy rating, eleven have assigned  a Hold rating and three have issued  a Sell rating to the company. Based on data from MarketBeat, the company  has an average rating of &#34;Hold&#34; and a consensus price target of $417.93.</p><ul><li>Adobe Launches Premiere Pro on iPhone, Upside Ahead?</li></ul><p><b>Read Our Latest Research Report on Adobe</b></p><h2>Insider Buying and Selling at Adobe</h2><p>In other news, CAO Jillian Forusz sold 149 shares of the business's stock in a transaction on 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 of the company's stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders. </p><h2>Adobe Stock Up 0.5%</h2><ul><li>Fundamentals Say Bet Against the Recent Adobe Downgrade </li></ul><p>ADBE opened at $357.53 on Tuesday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The business has a 50-day moving average of $337.10 and a two-hundred day moving average of $354.63. 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 stock has a market capitalization of $149.66 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54. </p><p>Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior 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.  On average, research analysts expect that  Adobe Inc. will post 16.65 earnings per share for the current year. </p><h2>Adobe Profile</h2> (Free Report)<p>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.  </p><p>The company's core offerings are organized around digital media and digital experience.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Adobe</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>The Last Gold Bull Market </li></ul><p><strong>Want to see what other hedge funds are holding ADBE?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).</p><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>Trust Co. of Vermont reduced its stake in Adobe Inc. by 39.3% in Q3, selling 10,368 shares. The firm's holdings are now worth $5.65 million. Other hedge funds also adjusted their positions. Analysts have mixed ratings on Adobe, with a consensus price target of $417.93. Adobe's recent earnings beat estimates, and the company provided strong future guidance. Insider Jillian Forusz sold 149 shares. Adobe's stock is up 0.5%, with a market cap of $149.66 billion.</p>

- Trust Co. of Vermont reduced its Adobe Inc. stake by 39.3% in Q3, owning 16,012 shares valued at $5,648,000.  
- Other hedge funds also altered their positions, with LSV Asset Management increasing its holdings by 350%, while institutional investors own 81.79% of the stock.  
- Adobe reported $5.50 earnings per share for Q4, beating estimates, with revenue rising 10.5% year-over-year and setting a Q1 2026 EPS guidance of 5.850-5.900.

Adobe Inc. $ADBE Shares Sold by Trust Co. of Vermont