Hardman Johnston Global Advisors LLC Sells 11,617 Shares of Adobe Inc. $ADBE

Hardman Johnston Global Advisors LLC lowered its position in Adobe Inc. (NASDAQ:ADBE) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,981 shares of the software company’s stock after selling 11,617 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Adobe were worth $20,806,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ADBE. Riverbend Wealth Management LLC raised its position in shares of Adobe by 1.8% in the third 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. FSM Wealth Advisors LLC grew its stake in Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares in the last quarter. Intellus Advisors LLC grew its stake in Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after buying an additional 30 shares in the last quarter. Capital Advisory Group Advisory Services LLC raised its holdings in Adobe by 2.2% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after acquiring an additional 31 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after acquiring an additional 31 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of analyst reports. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $400.00 to $375.00 in a research report on Friday. Wells Fargo & Company lowered their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Barclays reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Adobe in a research note on Friday, December 5th. Finally, Morgan Stanley lowered their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $406.44.

Adobe Stock Down 1.5%

ADBE stock opened at $333.95 on Monday. The company’s 50 day moving average is $337.16 and its 200 day moving average is $349.67. The stock has a market cap of $139.79 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bullish investor write-up arguing Adobe is an undervalued, long-term compounder and urging accumulation based on its AI/product roadmap. Adobe: I’m Pounding The Table On This Unloved Compounder (Rating Upgrade)
• Positive Sentiment: Adobe expanded its AI capabilities via a multi‑year partnership with Runway to enhance Firefly video tools, supporting product differentiation and monetization of generative AI features. Adobe (ADBE) Partners With Runway to Expand Firefly AI Video Tools
• Positive Sentiment: Adobe exec coverage from CES highlights strategy on personalization and multi‑model AI integrations (Runway, 11 Labs), reinforcing the company’s roadmap to capture creative and marketing spend. Beyond Firefly: Adobe VP Allison Blais Discusses Integrating Runway, 11 Labs and the Future of Multi-Model AI
• Neutral Sentiment: Review of short‑term performance shows the stock has underperformed since the last earnings report; the piece outlines catalysts and risks that could move the stock next. Why Is Adobe (ADBE) Down 3.3% Since Last Earnings Report?
• Neutral Sentiment: Roundup of Wall Street research calls listing Adobe among top analyst actions for the day — informational context for market flow but not a single decisive call. Here Are Friday’s Top Wall Street Analyst Research Calls: Adobe, Airbnb, Altria, Crowdstrike…
• Negative Sentiment: BMO Capital Markets downgraded ADBE to Market Perform (from Outperform), citing rising competitive pressures — a near‑term catalyst for the share decline and reduced upside expectations. Adobe Stock Falls. Shares ‘Will Remain Range-Bound’ As Competition Heats Up, Analyst Says.
• Negative Sentiment: Commentary arguing Adobe’s competitive moat looks less secure as new AI entrants and specialized tools pressure pricing and share in creative/marketing workflows. Adobe’s Competitive Moat Looks Less Secure

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.