CIBC Asset Management Inc Decreases Stake in Adobe Inc. $ADBE

CIBC Asset Management Inc decreased its position in Adobe Inc. (NASDAQ:ADBE) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,596 shares of the software company’s stock after selling 4,723 shares during the period. CIBC Asset Management Inc’s holdings in Adobe were worth $50,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. 1834 Investment Advisors Co. increased its holdings in Adobe by 6.3% in the third quarter. 1834 Investment Advisors Co. now owns 2,279 shares of the software company’s stock valued at $804,000 after buying an additional 135 shares in the last quarter. Investment House LLC increased its stake in shares of Adobe by 7.1% in the 3rd quarter. Investment House LLC now owns 95,506 shares of the software company’s stock valued at $33,690,000 after purchasing an additional 6,320 shares in the last quarter. Biltmore Family Office LLC raised its holdings in Adobe by 9.1% in the 3rd quarter. Biltmore Family Office LLC now owns 890 shares of the software company’s stock worth $314,000 after purchasing an additional 74 shares during the period. Oxbow Advisors LLC boosted its position in Adobe by 4.0% during the third quarter. Oxbow Advisors LLC now owns 23,994 shares of the software company’s stock worth $8,464,000 after purchasing an additional 923 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Adobe by 1.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 162,174 shares of the software company’s stock valued at $57,207,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.4%

Shares of NASDAQ ADBE opened at $301.07 on Friday. The stock has a market cap of $123.59 billion, a PE ratio of 18.02, a P/E/G ratio of 1.19 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $288.33 and a 12-month high of $465.70. The company has a 50-day moving average of $331.10 and a 200 day moving average of $344.26.

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 analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $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. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’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 in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s Firefly Foundry — an “IP-safe” generative-AI offering — has attracted support from talent agencies, VFX houses and filmmakers, strengthening adoption prospects in entertainment and increasing potential enterprise/subscription demand. Adobe’s Firefly Foundry AI Offering Draws Support From Talent Agencies, Filmmakers, VFX Houses & Others
• Positive Sentiment: Adobe rolled out a major AI push for Acrobat and Express (chat-based PDF editing, turning PDFs into podcasts/slides, and other automation), which can drive higher MAUs, stickiness and upsell opportunities across document and consumer app users. Adobe supercharges Acrobat and Express with AI: List of features and all you need to know
• Positive Sentiment: Specific Acrobat upgrades (chat-based editing, audio/podcast generation from PDFs) are aimed at expanding enterprise/document workflows and monetizable premium features. These product moves are concrete monetization levers rather than vague R&D. Adobe Acrobat now lets you edit PDFs by chatting with its AI Assistant
• Positive Sentiment: Adobe highlighted a slate of professional filmmakers adopting Firefly Foundry to overhaul production workflows — signaling B2B/enterprise traction in high-value media production use cases. Adobe reveals a new slate of pro filmmakers using Firefly Foundry to overhaul production workflows
• Positive Sentiment: Operational signals: Digital Media revenues are showing traction—AI-powered Acrobat and Express drove ~11% Digital Media growth and >15% MAU gains in FY25—supporting upside to recurring-revenue estimates. Adobe’s Digital Media Revenues Gain Traction: What’s the Path Ahead?
• Neutral Sentiment: Upcoming earnings preview: analysts expect double‑digit EPS growth in the near-term — results/guidance will be the next major catalyst and could widen intraday moves. Earnings Preview: What To Expect From Adobe’s Report
• Negative Sentiment: Market skepticism persists: recent analyst headlines and commentary (TalkMarkets, Jim Cramer mentions) highlight concerns that the stock’s decline could reflect execution risks, valuation re-rating or disappointment on monetization speed of AI features. Adobe Stock Price Crash Supercharges: Is It A Bargain Or A Value Trap?
• Negative Sentiment: Technicals and sentiment remain headwinds: ADBE sits well below its 50- and 200-day moving averages and has seen significant YTD/1‑yr share declines, which can amplify downside if upcoming results or guidance disappoint. Jim Cramer Reveals Why He Might Cancel His Adobe (ADBE) Subscription

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADBE. Citigroup increased their target price on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Mizuho decreased their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Royal Bank Of Canada restated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Finally, UBS Group set a $487.00 price objective on Adobe in a report on Sunday, December 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $402.85.

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.