Blair William & Co. IL Trims Stock Holdings in Adobe Inc. $ADBE

Blair William & Co. IL lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 30.4% during the third quarter, Holdings Channel reports. The fund owned 393,313 shares of the software company’s stock after selling 172,058 shares during the quarter. Blair William & Co. IL’s holdings in Adobe were worth $138,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ADBE. Riverbend Wealth Management LLC lifted its holdings in Adobe by 1.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. Intellus Advisors LLC grew its holdings in shares of Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after buying an additional 30 shares in the last quarter. Beacon Financial Advisory LLC raised its position in shares of Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after buying an additional 30 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after buying an additional 30 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its stake in shares of Adobe by 12.8% during the second quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investor optimism around Adobe’s AI tools and positioning — renewed focus on Firefly and the view that Adobe can be an AI-era incumbent has drawn buying interest ahead of earnings, supporting the stock. Why Adobe (ADBE) Is Up 5.1% After Renewed AI Optimism Ahead Of March 12 Earnings
• Positive Sentiment: Short-term traders and momentum flows ahead of the March 12 print have lifted the stock as the market anticipates potential upside from revenue or AI usage metrics. Adobe Stock Jumps With Software Sector Ahead Of Key Earnings Report
• Neutral Sentiment: Upcoming earnings and guidance are the main catalyst — previews expect revenue growth but flag mixed odds for an easy beat; investors will key off AI monetization metrics and Creative Cloud trends on March 12. Adobe Systems (ADBE) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Reported short-interest entries show zero/NaN values — likely a data glitch; no clear evidence of a rising short-squeeze dynamic. Investors should treat these figures with caution. (data source)
• Negative Sentiment: Citi cut its price target from $387 to $315 and moved to a neutral rating, citing lingering AI monetization questions — this analyst downgrade is pressuring sentiment and trims upside expectations. Adobe In Focus As Citi Lowers Target
• Negative Sentiment: Ongoing analyst price-target cuts, institutional trimming (large reported UBS sell-downs) and recent insider sales add downward pressure and reflect worry about competitive risk and Creative Cloud discounting. Adobe (ADBE) Stock Earnings Preview: Q1 Results Drop Thursday Amid Price Target Cuts
• Negative Sentiment: High-profile commentary (e.g., Michael Burry urging an acquisition of Midjourney) highlights investor concern that Adobe must act to defend its creative moat against fast-moving AI competitors — a signal of strategic risk if execution stalls. Michael Burry Urges Adobe To Buy AI Firm Midjourney To Save Creative Moat

Adobe Stock Performance

NASDAQ ADBE opened at $283.62 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $452.51. The firm has a market capitalization of $116.43 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.11 and a beta of 1.53. The business’s 50-day simple moving average is $291.65 and its 200-day simple moving average is $326.29.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Insider Activity

In other news, CFO Daniel Durn sold 1,646 shares of the 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 of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets cut shares of Adobe from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Wells Fargo & Company reduced their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Barclays decreased their price objective on Adobe from $415.00 to $335.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus lowered their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Wolfe Research dropped their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $386.68.

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.