New York Life Investment Management LLC Sells 1,897 Shares of Adobe Inc. $ADBE

New York Life Investment Management LLC cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,171 shares of the software company’s stock after selling 1,897 shares during the quarter. New York Life Investment Management LLC’s holdings in Adobe were worth $21,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADBE. Brighton Jones LLC increased its stake in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after acquiring an additional 486 shares during the last quarter. GFS Advisors LLC lifted its position in Adobe by 21.2% in the 2nd quarter. GFS Advisors LLC now owns 13,764 shares of the software company’s stock valued at $5,325,000 after acquiring an additional 2,405 shares in the last quarter. 1858 Wealth Management LLC boosted its stake in Adobe by 21.7% during the 2nd quarter. 1858 Wealth Management LLC now owns 2,778 shares of the software company’s stock valued at $1,075,000 after purchasing an additional 496 shares during the last quarter. Finally, waypoint wealth counsel increased its holdings in shares of Adobe by 79.4% in the 2nd quarter. waypoint wealth counsel now owns 1,010 shares of the software company’s stock worth $391,000 after purchasing an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 0.4%

Shares of NASDAQ:ADBE opened at $268.38 on Monday. The stock has a 50 day moving average of $324.53 and a 200 day moving average of $338.40. The company has a market cap of $110.17 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. Adobe Inc. has a 12-month low of $264.04 and a 12-month high of $465.70. 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 issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for 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 company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reversed its decision to discontinue Adobe Animate and moved the app to maintenance mode after heavy creator backlash — a move that removes a key PR overhang and reduces the risk of customer churn in creative communities. After backlash, Adobe cancels Adobe Animate shutdown and puts app on ‘maintenance mode’
• Positive Sentiment: An analyst action: Piper Sandler moved Adobe to a “hold” rating, which supports the argument that sellside views are stabilizing after the stock’s large decline. This is modestly supportive for near-term sentiment. Zacks / TickerReport coverage of Piper Sandler upgrade
• Positive Sentiment: Some outlets highlight a bull case and recent session gains (coverage noting intraday upticks), reflecting that selective buyers are viewing the recent pullback as a buying opportunity. Adobe Systems (ADBE) Increases Despite Market Slip
• Neutral Sentiment: Analyst surveys note Adobe has underperformed the market over the past year but sentiment is “cautiously optimistic” — this keeps expectations mixed and suggests analysts see recovery potential but not an imminent re-rating. Adobe Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Long-form takeaways assessing whether the >50% decline since 2024 is a buying opportunity provide frameworks for investors (marketing spend up, AI strategy emphasized), but they are opinion pieces rather than new corporate developments. Adobe (ADBE) Stock: Is This 50% Drop a Buying Opportunity?
• Neutral Sentiment: A legislative note lists Adobe among companies likely to engage with major U.S. sporting events (sponsorship/promotional opportunities). This is peripheral and not an immediate earnings driver. New Bill: Senator Jacky Rosen introduces S. 3676
• Negative Sentiment: Wider software-sector selloff tied to accelerating AI competition and fresh model releases (plus new Anthropic tools) has pressured large software names, amplifying fear of AI-driven disruption and prompting sector rotation out of higher-multiple names like Adobe. Software Stocks Selloff: What’s Behind the Rout?
• Negative Sentiment: Initial reports that Adobe would end Animate sparked creator outrage and likely contributed to short-term selling before the reversal — a reminder that product missteps or communication errors can meaningfully affect sentiment. Adobe Ends Animate, Abandoning Millions Of Artists Amid AI Push
• Negative Sentiment: Headline pieces summarizing why ADBE is trading down reiterate the mix of macro/sector weakness, AI competition fears, and company-specific PR noise that are keeping buyers cautious. Adobe (ADBE) stock trades down, here is why

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The stock was 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 owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler cut Adobe from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $470.00 to $330.00 in a research report on Monday, February 2nd. UBS Group decreased their price objective on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a report on Monday, January 26th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $400.00 to $375.00 in a research note on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Thursday, December 11th. Finally, Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $401.13.

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.