ProShare Advisors LLC Has $196.18 Million Stake in Adobe Inc. $ADBE

ProShare Advisors LLC reduced its holdings in Adobe Inc. (NASDAQ:ADBE) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,144 shares of the software company’s stock after selling 122,070 shares during the quarter. ProShare Advisors LLC owned approximately 0.13% of Adobe worth $196,180,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ADBE. Riverbend Wealth Management LLC increased its stake in shares of Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after buying an additional 29 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after acquiring an additional 30 shares during the last quarter. Intellus Advisors LLC raised its stake in shares of Adobe by 1.6% in the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after acquiring an additional 30 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in shares of Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after acquiring an additional 30 shares during the last quarter. Finally, MCF Advisors LLC lifted its position in shares of Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADBE has been the subject of a number of research reports. Piper Sandler lowered shares of Adobe from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $470.00 to $330.00 in a report on Monday, February 2nd. BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $400.00 to $375.00 in a research note on Friday, January 9th. Mizuho cut their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings cut Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Finally, Wolfe Research dropped their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $401.13.

Adobe Price Performance

Shares of ADBE opened at $268.38 on Monday. The stock has a market cap of $110.17 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.06 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 stock’s 50-day moving average price is $324.53 and its two-hundred day moving average price is $338.40. 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 quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Adobe’s revenue for the quarter 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. On average, equities analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe News Roundup

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

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

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.