Adobe Inc. $ADBE Shares Sold by Dakota Wealth Management

Dakota Wealth Management trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 57.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,990 shares of the software company’s stock after selling 2,669 shares during the period. Dakota Wealth Management’s holdings in Adobe were worth $702,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fortis Capital Management LLC raised its stake in shares of Adobe by 14.8% in the 3rd quarter. Fortis Capital Management LLC now owns 16,938 shares of the software company’s stock valued at $5,975,000 after acquiring an additional 2,182 shares during the period. Legacy Financial Advisors Inc. grew its stake in shares of Adobe by 31.9% in the third quarter. Legacy Financial Advisors Inc. now owns 1,850 shares of the software company’s stock valued at $653,000 after buying an additional 447 shares in the last quarter. Transatlantique Private Wealth LLC raised its holdings in shares of Adobe by 78.2% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 1,793 shares of the software company’s stock valued at $632,000 after buying an additional 787 shares during the period. Aries Wealth Management lifted its position in Adobe by 10.9% during the 3rd quarter. Aries Wealth Management now owns 1,767 shares of the software company’s stock worth $623,000 after acquiring an additional 173 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in Adobe by 12.6% in the 3rd quarter. Clearstead Advisors LLC now owns 40,232 shares of the software company’s stock worth $14,192,000 after acquiring an additional 4,497 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. UBS Group dropped their price target on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. HSBC set a $302.00 target price on Adobe in a research report on Friday, February 13th. Finally, The Goldman Sachs Group began coverage on Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $392.76.

Adobe Stock Up 0.5%

ADBE stock opened at $259.04 on Friday. The firm has a fifty day moving average price of $301.51 and a two-hundred day moving average price of $329.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $453.26. The firm has a market cap of $106.34 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.01 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. 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 year.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s 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 completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

Key Headlines Impacting Adobe

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.