Adobe Inc. $ADBE Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,038 shares of the software company’s stock after selling 3,352 shares during the period. Xponance Inc.’s holdings in Adobe were worth $38,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after acquiring an additional 344,816 shares during the last quarter. Norges Bank acquired a new stake in shares of Adobe in the 2nd quarter valued at $2,029,950,000. Invesco Ltd. lifted its position in shares of Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Adobe by 17.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after purchasing an additional 548,903 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Adobe by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after buying an additional 24,333 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ADBE. HSBC set a $302.00 price target on Adobe in a report on Friday, February 13th. Jefferies Financial Group lowered their price target on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday. Mizuho cut their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. Finally, Oppenheimer lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average price target of $392.76.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched Firefly QuickCut, an AI tool that auto-edits video clips into a first cut — a clear product innovation that supports Firefly adoption and upsell opportunities across Creative Cloud and Enterprise customers. Faster product rollouts help defend monetization and long-term revenue potential. Adobe’s New Firefly QuickCut Gives Video Editors a Starting Point
• Positive Sentiment: Investment-angles highlight valuation upside: analysts and commentators note ADBE trading near ~15x earnings and being flagged as a potential recovery/deep-value opportunity if AI integrations and partner strategies translate to renewed growth. This frames ADBE as a longer-term buy-the-dip candidate for some investors. Adobe Stock Is Trading at 15x Earnings
• Neutral Sentiment: Options market activity has elevated premiums and attractive income trades (e.g., short iron condor strategies) due to recent volatility; this is more relevant to derivatives traders than long-term holders. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Several valuation/analysis pieces discuss whether Adobe is a deep-value pick or a performance trap; analysts remain mixed but not uniformly bearish — useful context for investors sizing positions. Adobe: Deep Value Or Performance Trap In 2026?
• Negative Sentiment: Jefferies cut its price target sharply (to $290 from $400) and reiterated a Hold, citing ongoing negative sentiment toward application software — the downgrade prompted a noticeable share drop and is a near-term catalyst for selling pressure. Adobe Inc. (ADBE)’s Upside Potential at 71% Despite Recent Price Target Reductions
• Negative Sentiment: Competitive risk: Google’s Gemini image upgrade (Nano Banana 2) and broader AI improvements from Big Tech are cited as pressuring Adobe and Figma shares — heightening investor concerns that AI could erode software pricing or share. Google Gemini Image Upgrade Pressures Adobe, Figma Shares
• Negative Sentiment: Sector-wide selloff and “AI scare” trade: software names have endured heavy declines this month as investors favor AI infrastructure over application software, creating headwinds for Adobe until sentiment stabilizes. Coverage includes broader market commentary and JPMorgan observations on the sector. JPMorgan drops blunt take on software stocks AI threat
• Negative Sentiment: High-profile critiques (e.g., Jim Cramer) question Adobe’s competitive moat in the AI era, amplifying negative sentiment and potentially accelerating short-term selling from momentum-driven investors. Adobe (ADBE) Doesn’t Have The Moat That It Thinks, Says Jim Cramer

Adobe Trading Up 0.5%

Shares of Adobe stock opened at $259.04 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market cap of $106.34 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The company has a 50-day moving average of $301.51 and a two-hundred day moving average of $329.43. Adobe Inc. has a 12-month low of $244.28 and a 12-month high of $453.26.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.81 EPS. 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 anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.