Pinnacle Associates Ltd. trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 25.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,849 shares of the software company's stock after selling 9,076 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Adobe were worth $9,471,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of ADBE. Riverbend Wealth Management LLC grew its stake in Adobe by 1.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company's stock valued at $588,000 after purchasing an additional 29 shares during the period. Intellus Advisors LLC increased its position in shares of Adobe by 1.6% during the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company's stock valued at $720,000 after purchasing an additional 30 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in shares of Adobe by 5.5% during the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company's stock worth $204,000 after purchasing an additional 30 shares during the period. MCF Advisors LLC boosted its holdings in shares of Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company's stock worth $61,000 after buying an additional 30 shares during the last quarter. Finally, Dakota Community Bank & Trust NA boosted its holdings in shares of Adobe by 12.8% in the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company's stock worth $106,000 after buying an additional 31 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.
Adobe Price Performance
Shares of NASDAQ:ADBE opened at $282.43 on Tuesday. 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 $115.94 billion, a PE ratio of 16.90, a P/E/G ratio of 1.12 and a beta of 1.53. Adobe Inc. has a twelve month low of $244.28 and a twelve month high of $444.54. The company has a 50-day moving average price of $290.24 and a two-hundred day moving average price of $325.36.
Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results 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. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the company earned $4.81 earnings per share. The company's revenue 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 forecast that Adobe Inc. will post 16.65 EPS for the current year.
Insider Transactions at Adobe
In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business's stock in a transaction 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 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 SEC, which is available through this link. 0.20% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms recently issued reports on ADBE. Royal Bank Of Canada restated an "outperform" rating and set a $430.00 price objective on shares of Adobe in a report on Monday. The Goldman Sachs Group started coverage on shares of Adobe in a research note on Monday, January 12th. They issued a "sell" rating and a $290.00 target price on the stock. Jefferies Financial Group decreased their price target on shares of Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. TD Cowen lowered their price target on shares of Adobe from $420.00 to $400.00 and set a "hold" rating on the stock in a report on Thursday, December 11th. Finally, Wells Fargo & Company dropped their price objective on Adobe from $420.00 to $405.00 and set an "overweight" rating on the stock in a research note on Monday. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $386.08.
Check Out Our Latest Report on Adobe
Key Stories Impacting Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Expanded commercial win: Adobe expanded its multi‑year partnership with Major League Baseball to deliver AI‑driven fan experiences, reinforcing real‑world adoption of Adobe's cloud and AI tools. Adobe and Major League Baseball Expand Partnership
- Positive Sentiment: Notable accumulation: Reports that Michael Burry has taken a sizeable position in ADBE and that hedge funds/institutions have been buyers adds a value-oriented, conviction buyer to the shareholder base, which can support the shares into earnings. Michael Burry Backs Adobe
- Positive Sentiment: Analyst endorsement: Royal Bank of Canada reaffirmed an "outperform" rating with a $430 price target, signaling continued institutional confidence in Adobe’s longer‑term AI/product transition. RBC Outperform
- Neutral Sentiment: Upcoming earnings are the main near‑term catalyst — previews and models expect roughly $6.28B revenue and ~$5.87–5.88 EPS; investors will watch AI product uptake and guidance on March 12. Adobe Q1 Earnings Loom
- Neutral Sentiment: Market calendar/inflation backdrop: Macro reports (CPI/PCE) and broader tech/AI earnings this week could amplify moves in ADBE; these are market‑wide risk factors rather than Adobe‑specific. Oracle, Adobe Earnings and Inflation Data
- Neutral Sentiment: Short‑interest report appears to show zero change (likely a reporting/data anomaly) and thus provides no clear directional signal to the market today.
- Neutral Sentiment: Wells Fargo trimmed its price target from $420 to $405 but kept an "overweight" rating, a mixed signal: lower target but continued long bias. Wells Fargo Target Lowered
- Negative Sentiment: Citi (and other outlets) cut its price target and called for an "uneventful" Q1, which reduces near‑term analyst support and can weigh on sentiment ahead of results. Citi Cuts Price Target
- Negative Sentiment: Minor selling by a public figure (Sen. Boozman) and other reported insider/institutional trades are being noted by markets; although not necessarily indicative of company fundamentals, such sales can pressure sentiment in the short term. Sen. John Boozman Sells Shares
About Adobe
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).
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