Cim Investment Management Inc. Cuts Holdings in Adobe Inc. $ADBE

Cim Investment Management Inc. decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 50.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,675 shares of the software company’s stock after selling 3,763 shares during the period. Cim Investment Management Inc.’s holdings in Adobe were worth $1,296,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the 3rd quarter worth about $26,000. LSV Asset Management lifted its stake in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the period. Caitlin John LLC purchased a new stake in shares of Adobe during the 3rd quarter valued at about $28,000. Horizon Financial Services LLC grew its stake 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 worth $32,000 after acquiring an additional 80 shares during the period. Finally, Total Investment Management Inc. bought a new stake in shares of Adobe in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. BMO Capital Markets cut their target price on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. UBS Group decreased their target price on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company lowered their price target on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Finally, The Goldman Sachs Group dropped their price target on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and a consensus target price of $346.42.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic AI tie-up with NVIDIA to accelerate next‑gen Firefly models and agentic creative/marketing workflows — strengthens Adobe’s product moat for creative and marketing customers and signals better performance scaling on NVIDIA accelerated cloud infrastructure. Adobe and NVIDIA press release
• Positive Sentiment: Q1 beat and continued strong fundamentals: Adobe reported revenue up ~12% with an EPS beat and reiterated FY‑26 guidance, supporting longer‑term cash flow and AI‑first ARR growth. Earnings beat coverage
• Positive Sentiment: Elevated bullish options flow and large call buying suggests some traders expect near‑term upside. Options Corner video
• Neutral Sentiment: Value/buy‑the‑dip narratives are emerging (low single‑digit P/E talk and buy‑on‑dip analyses), which could attract value investors if uncertainty stabilizes. Fool: Is it time to buy?
• Neutral Sentiment: CEO Shantanu Narayen announced a phased exit; he will remain on the board which may reduce immediate succession shock but adds near‑term governance and execution uncertainty. MarketBeat: CEO transition
• Negative Sentiment: Regulatory/legal hit: Adobe agreed to settle claims over its cancellation/subscription terms for roughly $150M, a near‑term cash cost and reputational headwind. DOJ settlement coverage
• Negative Sentiment: Analyst cuts and downgrades: multiple firms have trimmed price targets and ratings in the last 48 hours, increasing near‑term selling pressure and lowering consensus upside. Analyst action roundup
• Negative Sentiment: Sector/AI disruption concerns: analysts and commentators warn that AI could weaken seat‑based pricing in creative workflows, making Adobe relatively more exposed versus usage‑based software peers. Fool: S&P 500 update
• Negative Sentiment: Rising short interest reports and broader bearish commentary suggest some investors are positioning for further downside while leadership and strategy questions remain unresolved. Short interest report

Insider Transactions at Adobe

In other Adobe 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 trade represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Adobe Price Performance

Shares of Adobe stock opened at $254.20 on Wednesday. The stock’s 50-day simple moving average is $280.65 and its 200-day simple moving average is $321.32. Adobe Inc. has a 52 week low of $244.28 and a 52 week high of $422.95. The company has a market capitalization of $104.35 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 0.99 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 released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.