Swiss National Bank Reduces Stock Position in Adobe Inc. $ADBE

Swiss National Bank reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,222,800 shares of the software company’s stock after selling 67,400 shares during the quarter. Swiss National Bank’s holdings in Adobe were worth $431,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADBE. CX Institutional increased its holdings in Adobe by 72.9% in 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 acquiring an additional 5,293 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Adobe by 185.1% in the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after acquiring an additional 583,275 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Adobe by 43.8% in the 3rd 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. raised its position in shares of Adobe by 112.6% during the 3rd 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. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded a multi‑year partnership with Major League Baseball to power next‑generation digital fan experiences — a commercial win that underscores Adobe’s enterprise demand for marketing, content and experience tools. Adobe and Major League Baseball Expand Partnership
• Positive Sentiment: Reports that investor Michael Burry has taken a significant new position in Adobe are fueling contrarian interest and a re‑rating debate around Adobe’s AI transition and valuation, supporting buying interest. Michael Burry Backs Adobe As AI Transition Meets Deep Value Debate
• Neutral Sentiment: Multiple outlets flag Adobe and other big tech names on this week’s earnings and macro calendar — investors are focused on CPI/PCE inflation prints that could influence Fed policy and tech multiples ahead of Adobe’s report. Oracle, Adobe Earnings and Inflation Data: What to Watch This Week
• Neutral Sentiment: Pre‑earnings coverage highlights that Adobe faces a critical Q1 test after a multi‑quarter pullback; analysts are split on near‑term AI monetization vs. valuation risks. Adobe Stock Faces Critical Q1 Earnings Test
• Negative Sentiment: Citigroup cut its price target on Adobe to $315, signaling lowered analyst expectations and adding downward pressure on sentiment. Citigroup Cuts Adobe Price Target
• Negative Sentiment: Sen. John Boozman sold shares of Adobe, an insider sale that can be read by some investors as a small negative signal on near‑term confidence. Sen. John Boozman Sells Off Shares of Adobe
• Negative Sentiment: Coverage noting rating downgrades and lingering worries about AI competition and execution suggests downside risk if Adobe’s Q1 results or guidance disappoint. Adobe: The Problems Could Be Bigger Than We Think

Adobe Trading Up 0.7%

Adobe stock opened at $283.62 on Monday. Adobe Inc. has a 52-week low of $244.28 and a 52-week high of $452.51. 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 capitalization of $116.43 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.12 and a beta of 1.53. The firm has a 50-day moving average price of $291.65 and a two-hundred day moving average price of $325.86.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

ADBE has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a report on Saturday. Mizuho dropped 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 cut their price target on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Finally, Robert W. Baird set a $350.00 price objective on Adobe in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $386.68.

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.