Concurrent Investment Advisors LLC Sells 3,465 Shares of Adobe Inc. $ADBE

Concurrent Investment Advisors LLC reduced its position in shares of Adobe Inc. (NASDAQ:ADBE) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,958 shares of the software company’s stock after selling 3,465 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Adobe were worth $2,102,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ADBE. Brighton Jones LLC raised its holdings in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Adobe by 91.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 222 shares of the software company’s stock worth $86,000 after acquiring an additional 106 shares in the last quarter. Balefire LLC acquired a new stake in shares of Adobe in the 2nd quarter worth about $358,000. Baron Wealth Management LLC acquired a new stake in shares of Adobe in the 2nd quarter worth about $251,000. Finally, Sivia Capital Partners LLC lifted its position in Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after acquiring an additional 486 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was 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 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 filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Some commentators call ADBE oversold and flag valuation/cash-yield as a buying case — these views argue current weakness already prices in AI risk and create a longer-term opportunity. 1 Oversold Software Stock With Too Much AI Fear Priced In
• Positive Sentiment: Forbes argues Adobe’s fundamentals, cash yield and valuation could make it an attractive buy for long-term investors. Is It Time To Buy Adobe Stock?
• Neutral Sentiment: Adobe completed the Semrush acquisition to accelerate AI initiatives, but market reaction is mixed — the deal may help product roadmaps but hasn’t yet calmed monetization concerns. Cloud Stocks: For Adobe, Is The Semrush Acquisition Enough?
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, adding to bearish analyst pressure and signaling weaker analyst sentiment than the company has seen in years. Goldman Sachs Assumes Coverage of Adobe (ADBE) With Sell Rating, $290 PT
• Negative Sentiment: Heavy bearish flows: unusually large put buying (86,112 puts, ~54% above average) suggests traders are positioning for further downside. (Options flow reported 1/14/2026.)
• Negative Sentiment: Multiple headlines cite AI competition (Canva, Figma, OpenAI) and a discounted Apple creative subscription as direct threats to Adobe’s pricing and market share — amplifying selling pressure. Adobe Stock Falls as Apple Unveils Discounted Creative Software Subscription
• Negative Sentiment: Technical and sentiment-focused pieces highlight a bearish chart structure and multi‑year lows, reinforcing momentum-driven selling risk in the near term. Adobe: Bearish Structure Signals Final Leg Lower
• Negative Sentiment: Sector spillover: downgrades and weak tone in enterprise software have pressured peers and amplified downside for Adobe. Salesforce (CRM) Stock Drops Following Adobe Downgrade and Sector Weakness

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADBE shares. Citigroup boosted their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Barclays reiterated an “overweight” rating and set a $415.00 price target on shares of Adobe in a report on Friday, December 5th. Morgan Stanley dropped their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $402.85.

Adobe Trading Down 0.1%

NASDAQ ADBE opened at $304.09 on Friday. The business’s fifty day moving average is $335.36 and its 200-day moving average is $348.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock has a market capitalization of $127.29 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.20 and a beta of 1.53. Adobe Inc. has a one year low of $301.40 and a one year high of $465.70.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (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 the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company 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 predict that Adobe Inc. will post 16.65 EPS for the current 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.