Rhumbline Advisers Has $286.36 Million Stock Position in Adobe Inc. $ADBE

Rhumbline Advisers lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 811,799 shares of the software company’s stock after selling 10,074 shares during the quarter. Rhumbline Advisers owned about 0.19% of Adobe worth $286,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ADBE. Norges Bank bought a new stake in Adobe during the 2nd quarter worth approximately $2,029,950,000. Invesco Ltd. boosted its holdings in shares of Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after buying an additional 610,215 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after buying an additional 548,903 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Adobe by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock worth $1,130,707,000 after acquiring an additional 24,333 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Adobe by 3.8% during the second quarter. Schroder Investment Management Group now owns 2,137,724 shares of the software company’s stock worth $827,043,000 after acquiring an additional 78,186 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Adobe Trading Down 0.8%

ADBE stock opened at $264.67 on Wednesday. Adobe Inc. has a 52 week low of $262.95 and a 52 week high of $465.70. The company has a market capitalization of $108.65 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.51. The company’s 50-day simple moving average is $322.25 and its 200 day simple moving average is $336.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the business posted $4.81 earnings per share. Adobe’s revenue was up 10.5% compared to the same quarter last year. 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 anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst/market bullish takes — several articles argue Adobe is attractively valued after the pullback and a candidate for a rebound, highlighting its subscription moat and long-term earnings power. Adobe: Bullish On A Bounce Back From Multi-Year Lows
• Positive Sentiment: Value/earnings momentum views — Zacks and other analysts profile Adobe as a top value/earnings-acceleration stock, supporting the case for longer-term investors buying the dip. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Positive Sentiment: Macro/sector rebound narratives — strategists say recent AI-driven selling has created buying opportunities in higher-quality software names like Adobe, helping stabilize sentiment in some trading sessions. AI disruption fears create buying chance in US software stocks, strategists say
• Neutral Sentiment: Small insider/institutional activity — a minor stake purchase was reported (2,037 shares by Tempus Wealth Planning), but the size is not material to Adobe’s float. 2,037 Shares in Adobe Inc. $ADBE Acquired by Tempus Wealth Planning LLC
• Neutral Sentiment: Market breadth improvement — broader market indicators and a rebound in software names have eased panic-driven flows, reducing downside pressure for quality names like Adobe. Nasdaq Jumps Over 200 Points As Software Stocks Rebound: Investor Sentiment Improves, Fear & Greed Index Moves To ‘Neutral’ Zone
• Neutral Sentiment: Short-interest data anomaly — a report noted a “significant increase” but showed zero shares/NaN values, indicating unreliable short interest reporting this cycle; no clear signal from shorts.
• Negative Sentiment: Sector rotation & FOBO selling — commentary points to tech-heavy portfolios being hit by rotation into consumer/defensive names (Walmart, Hershey) and fear-of-bad-outcomes (FOBO), which has pressured Adobe along with other software stocks. FOBO (Not FOMO) Hits Tech Heavy Portfolios Hard; Tech Stocks Adobe, Salesforce Beaten By Walmart, Hershey

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADBE shares. Wells Fargo & Company dropped their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. BMO Capital Markets downgraded Adobe from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $400.00 to $375.00 in a report on Friday, January 9th. Barclays reissued an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. Weiss Ratings downgraded Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. Finally, Mizuho decreased their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.