Adobe Inc. $ADBE Shares Sold by Bangor Savings Bank

Bangor Savings Bank reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 86.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 579 shares of the software company’s stock after selling 3,592 shares during the period. Bangor Savings Bank’s holdings in Adobe were worth $204,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in Adobe during the second quarter worth about $2,029,950,000. Assenagon Asset Management S.A. raised its holdings 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 worth $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Adobe in the second quarter valued at $318,224,000. Franklin Resources Inc. raised its stake in shares of Adobe by 68.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after buying an additional 791,077 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Adobe by 218.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after buying an additional 736,682 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, 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 accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. TD Cowen dropped their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Morgan Stanley cut their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday, December 11th. Cowen reiterated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $430.00 price target on shares of Adobe in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus price target of $406.44.

Adobe Price Performance

ADBE stock opened at $309.93 on Wednesday. The stock has a market capitalization of $129.74 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52-week low of $307.91 and a 52-week high of $465.70. The stock’s fifty day simple moving average is $336.45 and its 200-day simple moving average is $348.73.

Adobe (NASDAQ:ADBE) last released 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. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Retail investors remain supportive in some channels despite the sell-side pressure, which could limit downside if buying persists. ADBE shares slip on analyst downgrades — but why is retail bullish?
• Positive Sentiment: Bull case reminders: Some commentators highlight Adobe’s attractive long-term fundamentals and recurring revenue profile, which may prompt value-seeking investors to accumulate after the pullback. What Makes Adobe (ADBE) an Attractive Opportunity?
• Neutral Sentiment: Broader market and macro moves (surprise inflation prints, tech rotation) are pressuring software names including Adobe; some of the day’s weakness reflects sector flows rather than company-specific news. Salesforce and Adobe see their stocks slide as AI fears intensify
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, signaling near-term downside and prompting institutional selling pressure. Finviz / The Fly coverage of Goldman Sachs sell
• Negative Sentiment: Multiple sell-side downgrades and lower price targets (Oppenheimer, BMO, Jefferies moves reported) are compressing the stock as analysts point to limited near‑term catalysts. Adobe (ADBE) Downgraded as Analysts See Limited Near-Term Catalysts
• Negative Sentiment: AI-related headwinds: analysts and commentators warn that AI is reshaping software competition and could hurt incumbents, with specific pieces recommending caution on Adobe. AI Could Spell Trouble for Software. These Experts Say to Avoid One Stock In Particular
• Negative Sentiment: Competitive pressure from Apple’s lower‑cost creative app suite and similar offerings raises concerns about pricing/market share for parts of Adobe’s Creative Cloud business. Apple Hits Adobe Where It Hurts With an Affordable Creative App Suite
• Negative Sentiment: Stock hit a 52‑week low during the session, reflecting the cumulative effect of downgrades, negative headlines and weak sector momentum. Adobe stock hits 52-week low at $311.55

Adobe 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.