Andra AP fonden Trims Stock Position in Adobe Inc. $ADBE

Andra AP fonden trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,819 shares of the software company’s stock after selling 9,800 shares during the period. Adobe makes up 0.6% of Andra AP fonden’s investment portfolio, making the stock its 27th largest holding. Andra AP fonden’s holdings in Adobe were worth $50,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after purchasing an additional 344,816 shares during the last quarter. Norges Bank purchased a new stake in shares of Adobe in the 2nd quarter valued at about $2,029,950,000. Invesco Ltd. boosted 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 purchasing an additional 610,215 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in 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 buying an additional 548,903 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 24,333 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Weiss Ratings raised shares of Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 19th. Piper Sandler downgraded shares of Adobe from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $470.00 to $330.00 in a research report on Monday, February 2nd. Stifel Nicolaus decreased their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Mizuho dropped their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock 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, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $392.76.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Adobe stock opened at $259.04 on Friday. Adobe Inc. has a fifty-two week low of $244.28 and a fifty-two week high of $453.26. The company has a market capitalization of $106.34 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.01 and a beta of 1.51. The stock has a fifty day moving average of $301.51 and a two-hundred day moving average of $329.43. 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 released 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 firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the company earned $4.81 EPS. Adobe’s revenue for the quarter 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. On average, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Key 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

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.