Colonial Trust Co SC Sells 2,694 Shares of Adobe Inc. $ADBE

Colonial Trust Co SC cut its stake in Adobe Inc. (NASDAQ:ADBE) by 59.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,810 shares of the software company’s stock after selling 2,694 shares during the period. Colonial Trust Co SC’s holdings in Adobe were worth $638,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ADBE. Vanguard Group Inc. raised its stake in Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after purchasing an additional 344,816 shares in the last quarter. Norges Bank acquired a new position in shares of Adobe in the 2nd quarter valued at approximately $2,029,950,000. Invesco Ltd. raised its position in shares of Adobe by 16.1% in the 2nd 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adobe by 17.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after acquiring an additional 548,903 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Adobe by 0.8% during the 2nd 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. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE stock opened at $255.17 on Wednesday. The firm has a market capitalization of $104.75 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.97 and a beta of 1.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $305.38 and its 200-day moving average price is $330.43. Adobe Inc. has a 12 month low of $244.28 and a 12 month high of $453.26.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS 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 for the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the company earned $4.81 EPS. The firm’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. Equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts arguing the tech retreat is a buying opportunity — a MarketBeat piece frames the current pullback as a late-stage bull market buying window, which can attract value-minded and momentum buyers into beaten-down tech names like Adobe. The Late-Stage Bull Market Is a Buying Opportunity for Tech (ADBE)
• Positive Sentiment: OpenAI ad tests include Adobe among participating retailers/partners — potential upside from new ad channels or product integrations if these tests expand into monetized formats. OpenAI Taps Retail Giants for First Wave of ChatGPT Ad Testing
• Neutral Sentiment: Reported short-interest spike data is effectively meaningless — the February short-interest report shows zero or NaN values, indicating no clear build-up of short pressure from public filings. No evidence of a material short squeeze risk. (internal short-interest summary)
• Negative Sentiment: Rapid recent selloff raises questions about AI disruption and competitive threats — Forbes notes ADBE has fallen ~17.7% in 21 trading days and asks whether the weakness is transient or signals deeper narrative risk from generative AI competitors. How Low Can Adobe Stock Go?
• Negative Sentiment: Multiple analyst downgrades citing slowing revenue growth and rising AI-tool competition — coverage highlights increased scrutiny on Adobe’s growth durability and has been a headline driver of selling pressure. Adobe Downgrades Spotlight AI Competition And Questions Around Growth Durability
• Negative Sentiment: Stock hit a 52-week low during the pullback — a technical negative that can trigger further selling or short-term caution among investors. Adobe stock hits 52-week low at $251.00
• Negative Sentiment: Competitive intensity rising in creative and AI tools — Canva’s recent acquisitions and broader startup activity signal intensifying competition in areas adjacent to Adobe’s products. Canva acquires Cavalry and MangoAI
• Negative Sentiment: Analyst pieces warn of “value trap” and lack of near-term catalysts — several commentaries argue upside is limited until Adobe proves durable growth versus new AI entrants. Adobe Looks Like A Value Trap

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent analyst reports. Citigroup lifted their price target on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Weiss Ratings raised Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 19th. BMO Capital Markets downgraded Adobe from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on shares of Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 target price for the company. Finally, Morgan Stanley decreased their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $392.76.

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.