Capital Research Global Investors Sells 391,212 Shares of Adobe Inc. $ADBE

Capital Research Global Investors lowered its position in Adobe Inc. (NASDAQ:ADBE) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 899,146 shares of the software company’s stock after selling 391,212 shares during the quarter. Capital Research Global Investors owned about 0.21% of Adobe worth $317,174,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. CX Institutional lifted its position in shares of Adobe by 72.9% during the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after buying an additional 11,769 shares during the last quarter. Wright Investors Service Inc. grew its position in shares of Adobe by 114.4% in the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after buying an additional 5,293 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after acquiring an additional 583,275 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Adobe by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after acquiring an additional 32,448 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Adobe by 112.6% in the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after acquiring an additional 710,357 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s 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 transaction, the chief financial officer owned 41,995 shares in the company, 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 SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched conversational AI editing in Photoshop and smarter Firefly image‑editing tools (public beta), enhancing product differentiation and upsell potential for Creative Cloud customers. Read More.
• Positive Sentiment: Adobe expanded its MLB partnership to deliver AI‑driven fan experiences — a commercial reference point that can help sell Adobe Experience Cloud and related services to large brands. Read More.
• Neutral Sentiment: Market focus on Q1 results (reporting March 12) is raising volatility — options traders expect a sizeable move and several earnings previews highlight that revenue/EPS beats or a cautious guide could swing the stock either way. Read More.
• Negative Sentiment: Multiple analysts trimmed targets and tone: TD Cowen cut its PT to $325 (hold) and Citigroup reduced its target as well — analyst downgrades are weighing on sentiment and were cited as a near‑term catalyst for the selloff. Read More.
• Negative Sentiment: Short interest rose in February to ~14.3M shares (about 3.5% of shares outstanding, ~2.9 days to cover) — higher short exposure increases downside pressure and volatility into earnings. (Data reported in market notices.)
• Negative Sentiment: Emerging competitors and open‑source AI initiatives (e.g., Veeso, Nvidia’s NemoClaw) highlight intensifying competition in AI‑driven design tools, which could pressure growth assumptions if Adobe’s commercial traction lags. Read More. and Read More.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Mizuho reduced their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Stifel Nicolaus dropped their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Citigroup cut their price target on Adobe from $387.00 to $315.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. TD Cowen cut their target price on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Piper Sandler restated a “neutral” rating on shares of Adobe in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $383.08.

Adobe Stock Down 2.6%

Shares of NASDAQ ADBE opened at $275.13 on Wednesday. The business’s 50 day moving average is $288.69 and its two-hundred day moving average is $324.75. Adobe Inc. has a 52-week low of $244.28 and a 52-week high of $443.90. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $112.94 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the firm earned $4.81 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Adobe 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.