Adobe Inc. $ADBE Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in Adobe by 8.1%, selling 24,152 shares and ending the quarter with 274,818 shares valued at $96,942,000.
• Several other institutions materially increased positions—Federated Hermes added 583,275 shares to hold 898,408 (~$316.9M) and Victory Capital added 710,357 to hold 1,341,410 (~$469.5M)—and institutional ownership totals 81.79%.
• Adobe beat recent estimates with $5.50 EPS vs. $5.40 and $6.19B revenue (up 10.5% YoY), provided Q1 FY2026 EPS guidance of $5.85–$5.90 and FY2026 of $23.30–$23.50, but analyst sentiment has softened to a consensus "Hold" after multiple price-target cuts.

Natixis Advisors LLC decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,818 shares of the software company's stock after selling 24,152 shares during the period. Natixis Advisors LLC owned 0.07% of Adobe worth $96,942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. CX Institutional grew its position in shares of 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 purchasing an additional 11,769 shares during the period. Wright Investors Service Inc. increased its stake in Adobe by 114.4% in the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company's stock valued at $3,499,000 after purchasing an additional 5,293 shares during the last quarter. Federated Hermes Inc. lifted its position in Adobe by 185.1% during the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company's stock worth $316,913,000 after buying an additional 583,275 shares during the period. Jones Financial Companies Lllp boosted its stake in Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company's stock worth $38,309,000 after buying an additional 32,448 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company's stock worth $469,467,000 after buying an additional 710,357 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Adobe stock opened at $283.62 on Monday. The company has a market cap of $116.43 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. Adobe Inc. has a 12 month low of $244.28 and a 12 month high of $452.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The stock's 50-day moving average is $291.65 and its 200-day moving average is $325.86.

Adobe (NASDAQ:ADBE - Get Free Report) last issued 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 return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to analysts' expectations of $6.11 billion. During the same quarter in the previous year, the business earned $4.81 EPS. The company's revenue for the quarter was up 10.5% on a year-over-year basis. 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 anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

ADBE has been the subject of a number of research analyst reports. TD Cowen dropped their price objective on shares of Adobe from $420.00 to $400.00 and set a "hold" rating for the company in a research note on Thursday, December 11th. UBS Group decreased their target price on shares of Adobe from $375.00 to $340.00 and set a "neutral" rating on the stock in a research report on Monday, January 26th. Citigroup lowered their target price on shares of Adobe from $387.00 to $315.00 and set a "neutral" rating for the company in a report on Friday. Morgan Stanley dropped their price target on shares of Adobe from $450.00 to $425.00 and set an "equal weight" rating for the company in a research report on Thursday, December 11th. Finally, DA Davidson reaffirmed a "buy" rating and set a $500.00 price target on shares of Adobe in a research note on Thursday, December 11th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $386.68.

Adobe News Summary

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

Insider Transactions at Adobe

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

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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