Savant Capital LLC Acquires 21,962 Shares of Adobe Inc. $ADBE

Savant Capital LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 152.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,331 shares of the software company’s stock after acquiring an additional 21,962 shares during the period. Savant Capital LLC’s holdings in Adobe were worth $12,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Baker Boyer National Bank increased its stake in Adobe by 9.1% in the third quarter. Baker Boyer National Bank now owns 589 shares of the software company’s stock valued at $208,000 after acquiring an additional 49 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Adobe by 4.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 11,873 shares of the software company’s stock worth $4,188,000 after purchasing an additional 454 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of Adobe by 5.4% in the third quarter. Premier Path Wealth Partners LLC now owns 4,570 shares of the software company’s stock valued at $1,612,000 after buying an additional 236 shares during the period. Atala Financial Inc grew its stake in shares of Adobe by 20.0% in the third quarter. Atala Financial Inc now owns 5,858 shares of the software company’s stock worth $2,066,000 after purchasing an additional 977 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Adobe by 1.1% during the third quarter. Penserra Capital Management LLC now owns 5,281 shares of the software company’s stock worth $1,862,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reversed course on plans to discontinue Adobe Animate after broad community backlash, putting the app into “maintenance mode” — a quick PR/operational fix that removed a key headline risk and likely helped calm creative customers. Adobe actually won’t discontinue Animate
• Positive Sentiment: Semrush shareholders approved the merger agreement with Adobe, advancing a strategic acquisition that can bolster Adobe’s marketing analytics and advertising offerings. That M&A progress supports longer-term growth optionality. Semrush Shareholders Approve Merger Agreement with Adobe
• Positive Sentiment: Adobe expanded its Cognizant AI partnership, a commercial move that could accelerate enterprise adoption of Adobe’s AI tools and support revenue diversification beyond creative suites. Adobe’s Expanded Cognizant AI Partnership Might Change The Case For Investing In Adobe (ADBE)
• Neutral Sentiment: Broader software-sector selling pressure and debate over AI leaders (e.g., Anthropic/Claude capabilities) continue to weigh on multiples; some of Adobe’s moves reflect sector dynamics, not company-specific weakness. Why Software Is Facing A Market Sell-Off
• Neutral Sentiment: Market commentary cautions against “bottom-feeding” in sell-offs, a reminder that today’s bounce may be part of a broader, volatile re-pricing in tech names. Do Stock Sell-Offs Pay Off?
• Negative Sentiment: Adobe materially increased ad spending (reported ~$1.4B) as competition from AI tools rises — investors see rising marketing spend as a signal that organic demand/GTM is under strain, which can pressure margins and near-term EPS. Adobe boosts ad spending to $1.4 billion to attack fear over AI
• Negative Sentiment: Several sell-side firms cut price targets or ratings (UBS, Baird, BMO) citing slower AI monetization and tougher comps, adding technical downward pressure and reducing near-term analyst support. UBS, Baird Lower PT on Adobe (ADBE)
• Negative Sentiment: Stock recently hit 52-week lows and dropped materially in prior sessions amid sector weakness and worries over product strategy — a reminder that investor confidence is fragile despite today’s rebound. Is Adobe Stock Now A Falling Knife?
• Negative Sentiment: The initial announcement to retire Adobe Animate (before the reversal) triggered significant backlash and negative publicity — evidence that execution missteps on legacy products can quickly erode goodwill with creative customers. Adobe Ends Animate, Abandoning Millions Of Artists Amid AI Push

Adobe Stock Performance

Adobe stock opened at $279.71 on Thursday. The firm has a market capitalization of $114.82 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. Adobe Inc. has a 1-year low of $264.04 and a 1-year high of $465.70. The firm’s 50 day simple moving average is $326.53 and its 200 day simple moving average is $340.06. 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 (NASDAQ:ADBE) last announced 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 return on equity of 61.28% and a net margin of 30.00%.The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior 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. As a group, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction 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 sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of research analyst reports. BMO Capital Markets cut shares of Adobe from an “outperform” rating to a “market perform” rating and cut their price target for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Oppenheimer downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. Weiss Ratings downgraded Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Robert W. Baird set a $350.00 target price on Adobe in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $391.81.

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.