Fiera Capital Corp Sells 58,503 Shares of Adobe Inc. $ADBE

Fiera Capital Corp lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 25.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 169,025 shares of the software company’s stock after selling 58,503 shares during the period. Fiera Capital Corp’s holdings in Adobe were worth $59,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of 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 period. Norges Bank bought a new position in shares of Adobe in the second quarter worth approximately $2,029,950,000. Invesco Ltd. increased its stake in shares of Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 valued at $1,417,587,000 after purchasing an additional 548,903 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 valued at $1,130,707,000 after buying an additional 24,333 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Valuation/deep‑value narrative — Several pieces (including a Yahoo review) note the recent pullback has brought Adobe back into investor focus as a lower‑multiple, cash‑generative software name; this could attract value buyers if macro sentiment stabilizes. Assessing Adobe’s Valuation As Recent Share Performance Brings The Stock Back Into Focus
• Positive Sentiment: Long‑term track record highlighted — A Benzinga piece reminding investors of Adobe’s multi‑decade returns can support buy‑and‑hold narratives and institutional interest on any sustained signs of stabilization. Here’s How Much You Would Have Made Owning Adobe Stock In The Last 20 Years
• Neutral Sentiment: Short‑interest data appears unreliable — Reported February short‑interest shows “0” shares and NaN changes, implying a data or reporting issue; do not read meaningful positioning conclusions from that print.
• Negative Sentiment: Heavy bearish options flow — Unusually large put buying (about 188,902 puts, ~+248% vs. average) indicates traders are positioning for further downside or hedging, which can accelerate selling pressure and widen intraday moves.
• Negative Sentiment: Growing Wall Street caution — Coverage noting analysts turning cautious and headlines calling Adobe “in trouble” (InsiderMonkey) increase the risk of downgrades or target‑price cuts that can weigh on the stock. Why Wall Street Is Turning Cautious on Adobe Inc. (ADBE)
• Negative Sentiment: High‑profile skepticism — Commentary from TV/influencers (e.g., Jim Cramer) calling Adobe “in trouble” can amplify retail selling and sentiment‑driven flows. Jim Cramer Believes Adobe’s (ADBE) In Trouble
• Negative Sentiment: Competitive/sector risk from AI winners — Figma’s strong Q4 and its Anthropic integration reinforce a narrative that AI can reshape design workflows; that raises competitive risk and keeps pressure on incumbents like Adobe. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script (ADBE)
• Negative Sentiment: Broader sector weakness — Reports about other software names issuing cautious guidance (e.g., Palo Alto) are contributing to a risk‑off tone across software and AI‑exposed names, which can depress Adobe alongside peers. Palo Alto shares sink 8%, CEO defends cybersecurity’s position as AI hits software stocks

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADBE. Wells Fargo & Company cut their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Thursday, December 11th. UBS Group lowered their price target on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Barclays reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Adobe in a report on Friday, December 5th. Finally, Wolfe Research lowered their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus price target of $397.16.

Adobe Trading Down 1.5%

ADBE opened at $259.21 on Friday. The stock has a 50-day moving average of $311.28 and a 200 day moving average of $332.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $251.10 and a 12 month high of $461.00. The firm has a market cap of $106.41 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.03 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

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.