Glenview Trust Co Sells 31,027 Shares of Adobe Inc. $ADBE

Glenview Trust Co reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 72.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,536 shares of the software company’s stock after selling 31,027 shares during the quarter. Glenview Trust Co’s holdings in Adobe were worth $4,069,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management lifted its position in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares in the last quarter. Horizon Financial Services LLC increased its position in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new stake in Adobe during the second quarter worth about $35,000. Heartwood Wealth Advisors LLC bought a new stake in Adobe during the third quarter worth about $35,000. Finally, Howard Hughes Medical Institute acquired a new position in Adobe during the second quarter valued at approximately $36,000. 81.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe may be oversold versus fundamentals — analysts and screeners point to compressed multiples and embedded AI (Firefly + integrated features in Creative Cloud) as reasons the stock could rebound if execution continues. 5 Software Stocks That Look Too Cheap to Ignore
• Positive Sentiment: Some investors and contributors view Adobe as attractively valued after the selloff (narratives of a 7‑year low / rating upgrades appear), implying potential upside for long‑term holders if AI concerns prove overblown. Adobe Looks Interesting At 7-Year Low (Rating Upgrade)
• Neutral Sentiment: Mixed headlines on strategy vs. risk: a Cognizant deal may expand enterprise distribution but concurrent AI‑related lawsuits raise legal/royalty uncertainty — a net mixed impact that raises volatility until resolved. Adobe AI Lawsuit And Cognizant Deal Reshape Investor Risk Reward Profile
• Neutral Sentiment: Short‑interest data reported in feeds appears inconsistent/erroneous (zeros/NaN). That suggests no clear evidence of a large short squeeze or unwind driving today’s trading — treat the short‑interest reports cautiously.
• Neutral Sentiment: Coverage/newswire snapshots show the stock drifting lower amid a stronger market backdrop; these are descriptive reads rather than new fundamentals. Adobe Systems (ADBE) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: HSBC cut its price target (from $388 to $302) and kept a Hold rating, citing competitive risks from AI tools — analyst downgrades/target cuts are pressuring the stock and can accelerate outflows. HSBC Reduces PT on Adobe Inc. (ADBE) Stock
• Negative Sentiment: Macro narrative — multiple pieces warn of a “SaaSpocalypse” where AI could compress seat‑based SaaS pricing; that narrative is driving re‑rating risk for Adobe until the market is convinced Adobe can embed and monetize AI without losing pricing power. Adobe: The SaaS Apocalypse Is About To Meet A Valuation Check
• Negative Sentiment: Speculative/derivative trades and PR missteps amplify downside near term — bearish option screenshots and a Reddit backlash to company communications are increasing negative sentiment and short‑term volatility. Adobe Systems Bear Put Spread Could Return 163% in this Down Move Adobe damage control backfires on Reddit!

Adobe Stock Down 1.3%

ADBE stock opened at $260.45 on Wednesday. Adobe Inc. has a fifty-two week low of $251.10 and a fifty-two week high of $464.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $106.91 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.04 and a beta of 1.51. The business’s fifty day moving average price is $314.71 and its two-hundred day moving average price is $333.38.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS 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%. Adobe’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. TD Cowen dropped their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. BMO Capital Markets downgraded shares of Adobe from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Citigroup upped their target price on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Finally, Barclays reiterated an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research note on Friday, December 5th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average target price of $397.16.

Adobe Company 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.