99,000 Shares in Adobe Inc. $ADBE Bought by Svenska Handelsbanken AB publ

Key Points

• Svenska Handelsbanken AB publ bought 99,000 shares of Adobe (~$34.92M) in Q3, making ADBE about 12.2% of its portfolio and the stock its second‑largest position.
• Adobe beat quarterly estimates ($5.50 EPS vs. $5.40 expected; $6.19B revenue vs. $6.11B) and set Q1 FY26 guidance of $5.85–5.90 EPS and FY26 guidance of $23.30–23.50 EPS.
• Analysts are mixed — the consensus rating is "Hold" with a $417.93 target after several price‑target cuts, while company risks include a class‑action over AI training and competitive pressure from free Acrobat alternatives.

Svenska Handelsbanken AB publ bought a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 99,000 shares of the software company's stock, valued at approximately $34,922,000. Adobe makes up approximately 12.2% of Svenska Handelsbanken AB publ's investment portfolio, making the stock its 2nd largest position.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock worth $3,588,000 after acquiring an additional 167 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Adobe in the first quarter worth $59,000. T. Rowe Price Investment Management Inc. boosted its holdings in Adobe by 12.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,362 shares of the software company's stock worth $523,000 after purchasing an additional 154 shares during the last quarter. CW Advisors LLC boosted its holdings in Adobe by 37.8% during the first quarter. CW Advisors LLC now owns 9,825 shares of the software company's stock worth $3,774,000 after purchasing an additional 2,697 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Adobe by 26.7% in the first quarter. AlphaQuest LLC now owns 1,400 shares of the software company's stock valued at $537,000 after purchasing an additional 295 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADBE. Piper Sandler reduced their price objective on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a research note on Friday, September 12th. TD Cowen reduced their price target on Adobe from $420.00 to $400.00 and set a "hold" rating for the company in a research report on Thursday, December 11th. UBS Group set a $487.00 price target on Adobe in a research note on Sunday, December 14th. Redburn Partners set a $280.00 price objective on Adobe in a research note on Monday, September 1st. Finally, Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a "buy" rating for the company in a research note on Tuesday, December 9th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $417.93.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business's stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Adobe Stock Performance

ADBE opened at $355.86 on Monday. 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 business has a fifty day simple moving average of $336.73 and a 200 day simple moving average of $355.04. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The company has a market capitalization of $148.96 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54.

Adobe (NASDAQ:ADBE - Get Free Report) last posted 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. The firm 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 company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business 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. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a multi‑year strategic partnership with Runway to integrate Runway’s generative video technology into Adobe’s creative stack and make Runway the preferred API partner — a move that accelerates Firefly’s video capabilities and strengthens Adobe’s positioning in pro video workflows. Adobe and Runway Partner to Deliver the Next Generation of AI Video for Creators, Studios and Brands
• Positive Sentiment: Adobe is adding Runway’s new video AI tool into Firefly under an exclusive partnership, expanding creative features that can drive higher engagement and subscription value for Adobe’s Creative Cloud customers. Adobe Adds Runway’s New Video AI Tool To Firefly In Exclusive Partnership
• Positive Sentiment: Qualified Digital launched an AI‑assisted accelerator to speed migrations to Adobe Experience Platform Web SDK, which could reduce deployment friction for enterprise customers and support faster platform adoption. 85% Faster - Qualified Digital Announces AI-assisted Accelerator
• Neutral Sentiment: Phillip Securities reiterated a Buy rating on ADBE but trimmed its price target (from $560 to $487), signaling continued conviction in long‑term growth while acknowledging valuation pressure after recent gains. Phillip Maintains Buy on Adobe (ADBE), Sees Steady Growth Into FY26
• Neutral Sentiment: Adobe Digital Insights reports holiday e‑commerce returns down ~2.5% year‑over‑year — a positive signal for merchants and the broader digital commerce metrics Adobe monitors, though it is a modest, indirect benefit to Adobe’s business. E-Commerce Returns Of Holiday Purchases Down 2.5%, Adobe Reports
• Negative Sentiment: A proposed class‑action alleges Adobe misused authors’ works to train its AI models; multiple outlets report the suit — a reputational and legal risk that could lead to costly litigation, regulatory scrutiny, or changes to training practices. Adobe sued for allegedly misusing authors' work in AI training
• Negative Sentiment: KeyBanc downgraded ADBE to Underweight with a $310 price target, arguing limited near‑term upside after strong results — analyst downgrades can pressure sentiment and trigger short‑term selling. KeyBanc Turns Bearish on Adobe (ADBE) Despite Strong Q4 Results
• Negative Sentiment: Coverage on free Acrobat alternatives highlights competitive pressure in document tools; this is a longer‑term product/commercial risk but not an immediate earnings threat. Free Adobe Acrobat Alternatives for Every Need in 2026

Adobe Company 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.

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