Adobe Inc. $ADBE Shares Sold by DNB Asset Management AS

DNB Asset Management AS decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 53.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,710 shares of the software company’s stock after selling 119,317 shares during the period. DNB Asset Management AS’s holdings in Adobe were worth $36,231,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Adobe by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after acquiring an additional 344,816 shares during the last quarter. Norges Bank acquired a new stake in shares of Adobe during the 2nd quarter worth approximately $2,029,950,000. Invesco Ltd. grew its stake in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after buying an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after buying an additional 548,903 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Adobe by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after buying an additional 24,333 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks highlights Adobe’s expanding AI partnerships and deeper Firefly/Acrobat AI integration as catalysts that could drive a recovery in revenue and re-accelerate growth. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: CNET reports Adobe continuing to push AI-driven product innovation (next: one‑click AI video editing), supporting the company’s narrative of product differentiation that could protect pricing and customer workflows. Adobe’s Still All In on AI. Next Up: The One-Click Tool That Edits Videos for You
• Positive Sentiment: TipRanks notes Adobe is trading at ~15x earnings and frames the sell‑off as a potential buying opportunity for long‑term investors if Adobe can capitalize on AI and defend its workflow moat. Adobe Stock Is Trading at 15x Earnings
• Neutral Sentiment: Short‑interest data published for February shows anomalous zero/NaN figures — appears to be a data/reporting glitch and provides little actionable signal on squeeze risk. (internal short‑interest entries)
• Neutral Sentiment: Options‑strategy piece highlights elevated options premium and an example short iron‑condor trade paying ~35% — signals increased derivatives activity and opportunities for income/hedging but not a bullish fundamental read. 1 Picture-Perfect Short Iron Condor Trade
• Negative Sentiment: Google’s Gemini image upgrade (Nano Banana 2) promises “Pro‑grade” image outputs at speed — this intensifies competition in AI image/creative tooling and is cited as direct pressure on Adobe/Figma shares. Google Gemini Image Upgrade Pressures Adobe, Figma Shares
• Negative Sentiment: Broader industry stress: analysts and media cite a multi‑trillion‑dollar pullback in software stocks amid an AI “scare trade” and JPMorgan commentary that raises concerns about incumbents’ vulnerability to AI competition — a sector headwind weighing on ADBE. JPMorgan drops blunt take on software stocks AI threat
• Negative Sentiment: High‑profile criticism and analyst repositioning: Jim Cramer and others have questioned Adobe’s moat in the AI era, and Piper Sandler recently cut its rating/target (from Overweight to Neutral and lowered PT), creating near‑term sentiment/headline pressure. Adobe Doesn’t Have The Moat That It Thinks, Says Jim Cramer Piper Sandler Remains Positive on Adobe Despite Concerns

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $400.00 to $375.00 in a research report on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of Adobe in a research report on Monday, January 12th. They issued a “sell” rating and a $290.00 target price for the company. Robert W. Baird set a $350.00 price target on Adobe in a report on Wednesday, January 14th. Weiss Ratings raised Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 19th. Finally, Stifel Nicolaus cut their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $392.76.

Adobe Stock Performance

ADBE opened at $259.04 on Friday. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $453.26. 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 business has a 50 day moving average price of $301.51 and a two-hundred day moving average price of $329.43. The company has a market capitalization of $106.34 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last announced its 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. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter last year, the business posted $4.81 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were 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 directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

About Adobe

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.