Blair William & Co. IL Lowers Stock Position in Adobe Inc. $ADBE

Key Points

• Blair William & Co. IL reduced its stake in Adobe by 30.4% in Q3, selling 172,058 shares and finishing the period with 393,313 shares worth about $138.7 million, amid roughly 81.8% institutional ownership of the stock.
• Adobe beat Q1 estimates with $5.50 EPS (vs. $5.40 expected) and $6.19B revenue (up 10.5% YoY), and provided Q1 2026 EPS guidance of 5.85–5.90 and FY2026 guidance of 23.30–23.50.
• Investor sentiment is mixed: AI optimism has supported buying, but several analysts have cut price targets (e.g., Citi to $315) and there was insider selling (CFO sold 1,646 shares), adding downward pressure on the stock.

Blair William & Co. IL decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 30.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,313 shares of the software company's stock after selling 172,058 shares during the period. Blair William & Co. IL owned approximately 0.09% of Adobe worth $138,741,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Trust Advisors LP lifted its holdings in Adobe by 4.9% in the third quarter. First Trust Advisors LP now owns 650,545 shares of the software company's stock valued at $229,480,000 after acquiring an additional 30,169 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Adobe by 47.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 3,168 shares of the software company's stock worth $1,118,000 after purchasing an additional 1,025 shares during the period. Modern Wealth Management LLC grew its stake in shares of Adobe by 1.6% during the 3rd quarter. Modern Wealth Management LLC now owns 10,072 shares of the software company's stock worth $3,553,000 after purchasing an additional 162 shares during the period. Intellectus Partners LLC increased its holdings in shares of Adobe by 11.9% in the 3rd quarter. Intellectus Partners LLC now owns 6,537 shares of the software company's stock valued at $2,306,000 after purchasing an additional 693 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Adobe in the third quarter valued at about $5,947,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $283.62 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company's 50-day moving average price is $291.65 and its 200 day moving average price is $326.29. Adobe Inc. has a 52 week low of $244.28 and a 52 week high of $452.51. The stock has a market cap of $116.43 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.11 and a beta of 1.53.

Adobe (NASDAQ:ADBE - Get Free Report) last announced 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 company 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 posted $4.81 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Trending Headlines about 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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Mizuho decreased their price objective on shares of Adobe from $410.00 to $390.00 and set an "outperform" rating on the stock in a report on Thursday, November 20th. Wells Fargo & Company dropped their target price on shares of Adobe from $470.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, November 20th. UBS Group reduced their price target on shares of Adobe from $375.00 to $340.00 and set a "neutral" rating for the company in a research report on Monday, January 26th. Weiss Ratings raised Adobe from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, February 19th. Finally, Wolfe Research lowered their price target on Adobe from $450.00 to $440.00 and set an "outperform" rating on the stock in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $386.68.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.