Sumitomo Mitsui Trust Group Inc. Sells 238,867 Shares of Adobe Inc. $ADBE

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Adobe by 17.3%, selling 238,867 shares and now owns 1,140,262 shares (about 0.28%) valued at roughly $399.08 million.
• Adobe beat Q1 expectations, reporting $6.06 EPS (vs. $5.87 est.) and $6.40B revenue (vs. $6.28B est.), and reaffirmed FY‑2026 guidance of $23.300–23.500 EPS.
• Despite the results, the stock faces pressure from AI‑competition concerns, analyst downgrades and leadership chatter—shares hit a 52‑week low and the consensus rating is a "Hold" with a $343.88 price target.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,140,262 shares of the software company's stock after selling 238,867 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.28% of Adobe worth $399,080,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the 3rd quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe during the 3rd quarter worth about $27,000. Caitlin John LLC bought a new stake in shares of Adobe during the 3rd quarter worth about $28,000. Beacon Financial Strategies CORP bought a new stake in shares of Adobe during the 4th quarter worth about $28,000. Finally, Marquette Asset Management LLC boosted its stake in shares of Adobe by 72.3% during the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company's stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported strong Q1 results (beat on revenue and EPS) and reaffirmed FY‑2026 guidance, giving fundamental support to the shares. Adobe: Hated, Cheap, And Growing
• Positive Sentiment: Contrarian investors point to cheaper valuation metrics (low forward P/E, strong free cash flow growth) and accelerating AI adoption in Adobe products as a potential buying opportunity. Adobe Stock (ADBE) Opinions on SaaS Selloff and AI Disruption
• Neutral Sentiment: Analyst views and price targets remain widely dispersed (median targets well above current levels), so future moves will hinge on conviction among sell‑side firms. Adobe Stock (ADBE) Opinions on SaaS Selloff and AI Disruption
• Neutral Sentiment: Macro/sector commentary (buy hardware, sell software) is driving rotation away from large SaaS names; Adobe’s longer‑term fundamentals remain intact but the sector backdrop is headwind. Cramer explains the divergence in tech stocks – and why software may continue to lag
• Negative Sentiment: Citi downgraded Adobe amid renewed AI‑competition concerns and cut its price target, crystallizing investor fear that generative AI could commoditize parts of Adobe’s moat. Citi Turns on Adobe Stock (ADBE), Other Software Names amid Fresh AI Jitters
• Negative Sentiment: Shares hit a 52‑week low as the selloff accelerated on the combination of AI jitters, analyst downgrades and leadership transition chatter. Adobe Stock Sinks to 52-Week Low -- Citi Downgrades on AI Fears
• Negative Sentiment: Security headlines about an Adobe Reader zero‑day being exploited add reputational and support‑cost risk (unlikely to drive fundamentals long‑term but a near‑term negative headline). Adobe Reader Zero-Day Exploited for Months: Researcher

Adobe Price Performance

NASDAQ ADBE opened at $225.35 on Friday. Adobe Inc. has a twelve month low of $224.13 and a twelve month high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $91.09 billion, a PE ratio of 13.12, a P/E/G ratio of 0.88 and a beta of 1.52. The stock has a 50-day simple moving average of $256.83 and a 200 day simple moving average of $307.20.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to analysts' expectations of $6.28 billion. During the same quarter in the previous year, the firm earned $5.08 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on ADBE shares. KeyCorp decreased their price target on Adobe from $310.00 to $235.00 and set an "underweight" rating for the company in a research note on Friday, March 13th. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the stock an "outperform" rating in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Adobe in a research report on Friday, March 13th. Morgan Stanley cut their price objective on Adobe from $425.00 to $365.00 and set an "equal weight" rating for the company in a research report on Friday, March 13th. Finally, UBS Group cut their price objective on Adobe from $340.00 to $290.00 and set a "neutral" rating for the company in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of "Hold" and a consensus price target of $343.88.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company's stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares of the company's stock, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

About Adobe

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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