Bank of New York Mellon Corp Lowers Stake in Adobe Inc. $ADBE

Bank of New York Mellon Corp cut its stake in Adobe Inc. (NASDAQ:ADBE) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,881,708 shares of the software company’s stock after selling 395,669 shares during the period. Bank of New York Mellon Corp owned about 1.41% of Adobe worth $2,074,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management increased its position in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the period. Nexus Investment Management ULC purchased a new stake in shares of Adobe in the second quarter valued at approximately $31,000. Horizon Financial Services LLC grew its stake in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. Total Investment Management Inc. purchased a new position in Adobe during the 2nd quarter worth $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in Adobe during the 3rd quarter valued at $35,000. Institutional investors own 81.79% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Major Photoshop update — Adobe rolled out a wide set of Photoshop improvements that boost control, realism and new layers (clarity/dehaze), which should help retain and expand Creative Cloud subscribers and monetization over time. Adobe Photoshop Gets a Major Update
• Positive Sentiment: Added clarity and dehaze layer in Photoshop — incremental product capability that improves differentiation for photographers/design pros and strengthens product stickiness. Adobe finally adds a clarity and dehaze layer to Photoshop – and I can’t believe it took this long
• Positive Sentiment: Broader Photoshop upgrades highlighted by press — coverage (Forbes) frames upgrades as meaningful to professional workflows, supporting long-term ARPU and enterprise appeal. Product momentum is a tailwind for subscription revenue. Adobe Announces New Upgrades To Photoshop Giving More Control, Realism And Precision
• Neutral Sentiment: Executive compensation and severance policy update — Adobe disclosed its 2026 executive pay plans and a new severance policy; governance/compensation details are usually neutral for near-term stock moves unless escalation occurs. Adobe announces 2026 executive compensation plans and new severance policy
• Neutral Sentiment: Short interest report shows no meaningful change / noisy data — the released short-interest figures are effectively zero/NaN and imply no clear short-squeeze or crowd positioning signal from this release. Short interest update
• Negative Sentiment: Analyst comparison favors Salesforce over Adobe — a Zacks piece argues Salesforce (CRM) is the better enterprise software buy right now, citing AI and margin momentum at CRM; that reinforces competitive concerns and may pressure investor sentiment on Adobe. CRM vs. ADBE: Which Enterprise Software Stock Is the Better Buy?
• Negative Sentiment: Semrush merger legal risk — Semrush (target of a proposed Adobe deal) is facing shareholder lawsuits over the proposed merger, which could delay or complicate the acquisition and add near-term uncertainty/cost for Adobe. Semrush Faces Shareholder Lawsuits Over Proposed Adobe Merger

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADBE. Morgan Stanley cut their price target 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research report on Monday, December 29th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $400.00 to $375.00 in a report on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 price objective on the stock. Finally, Wolfe Research cut their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $397.19.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the business’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 approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.16% of the company’s stock.

Adobe Trading Down 2.4%

NASDAQ ADBE opened at $297.42 on Wednesday. Adobe Inc. has a 52 week low of $288.33 and a 52 week high of $465.70. The company has a 50 day moving average price of $330.15 and a 200 day moving average price of $343.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $122.09 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company 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.

About Adobe

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.