Adobe Inc. $ADBE Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank cut its stake in Adobe Inc. (NASDAQ:ADBE) by 69.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883 shares of the software company’s stock after selling 2,015 shares during the period. Cape ANN Savings Bank’s holdings in Adobe were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Norges Bank bought a new stake in shares of Adobe in the 2nd quarter worth $2,029,950,000. Assenagon Asset Management S.A. boosted its stake in Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after buying an additional 2,347,562 shares in the last quarter. Amundi grew its holdings in Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after acquiring an additional 961,895 shares during the period. AQR Capital Management LLC raised its position in Adobe by 116.9% in the first quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock worth $616,345,000 after acquiring an additional 880,134 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Adobe in the 2nd quarter valued at about $318,224,000. Institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADBE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Wolfe Research decreased their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Mizuho reduced their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $417.93.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on 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 directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Partnership: Adobe partnered with Runway to deliver advanced AI video solutions for creators and brands — expands Adobe’s product ecosystem in generative video, supports monetization of creative-cloud and Premiere workflows. Adobe and Runway partner to bring advanced AI videos solutions for creators and brands
• Positive Sentiment: Bullish analysis: A Seeking Alpha piece argues 2025 set the stage for multi-year growth as Adobe’s AI investments and recurring revenue mix position the company for accelerating monetization. Adobe: 2025 Was A Setup
• Positive Sentiment: Analyst upgrade: Wall Street Zen upgraded Adobe to a “Buy,” which can support investor sentiment and buying interest in the near term. Adobe (NASDAQ:ADBE) Upgraded by Wall Street Zen to “Buy” Rating
• Neutral Sentiment: BMO view: BMO kept an Outperform rating but trimmed its price target to $400 (from $405), praising Q4 results while flagging competitive pressure in lower-end offerings and AI. That keeps institutional support but caps near-term upside. BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Duplicate coverage: InsiderMonkey also reports BMO’s PT cut to $400 while reiterating Outperform — reinforces the same mixed message (solid fundamentals, cautious on AI competition). BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Price-target trims: Multiple Wall Street firms trimmed Adobe price targets while still praising revenue growth and the long-term outlook — suggests analysts see ongoing execution but nearer-term valuation pressure. Wall Street Firms Cut Adobe Inc. (ADBE) Price Target but Tout Revenue Growth and Long-term Outlook
• Negative Sentiment: Legal risk: Adobe was hit with a class-action lawsuit alleging misuse of data to train AI models — introduces regulatory, litigation and reputational risk that could pressure the stock if exposure grows. Adobe hit with class action over alleged AI training misuse

Adobe Trading Down 1.4%

Adobe stock opened at $352.42 on Wednesday. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market cap of $147.52 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.41 and a beta of 1.54. The company’s fifty day simple moving average is $337.43 and its 200-day simple moving average is $354.18.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The firm had revenue of $6.19 billion during 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 business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.81 earnings per share. 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, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.