Aquatic Capital Management LLC Sells 76,584 Shares of Adobe Inc. $ADBE

Aquatic Capital Management LLC trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 70.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,033 shares of the software company’s stock after selling 76,584 shares during the quarter. Aquatic Capital Management LLC’s holdings in Adobe were worth $11,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Argyle Capital Partners LLC increased its holdings in Adobe by 36.9% during the third quarter. Argyle Capital Partners LLC now owns 3,501 shares of the software company’s stock valued at $1,235,000 after buying an additional 944 shares during the last quarter. Arkos Global Advisors purchased a new position in shares of Adobe during the 3rd quarter worth $296,000. 1858 Wealth Management LLC grew its position in shares of Adobe by 30.2% during the 3rd quarter. 1858 Wealth Management LLC now owns 3,617 shares of the software company’s stock valued at $1,276,000 after acquiring an additional 839 shares during the period. Algert Global LLC bought a new stake in shares of Adobe during the 3rd quarter valued at $6,965,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Adobe by 9.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,363,303 shares of the software company’s stock worth $833,594,000 after purchasing an additional 212,240 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADBE shares. Jefferies Financial Group decreased their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. TD Cowen cut their price target on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Adobe in a research report on Friday. Stifel Nicolaus lowered their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $347.85.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Adobe Stock Down 7.6%

Shares of ADBE stock opened at $249.32 on Monday. The company’s fifty day simple moving average is $283.88 and its two-hundred day simple moving average is $322.76. Adobe Inc. has a 52 week low of $244.28 and a 52 week high of $422.95. The stock has a market cap of $102.35 billion, a P/E ratio of 14.52, a PEG ratio of 0.98 and a beta of 1.53. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $5.08 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently 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.