Cape ANN Savings Bank Sells 2,015 Shares of Adobe Inc. $ADBE

Cape ANN Savings Bank decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 69.5% during the third quarter, HoldingsChannel.com reports. The fund owned 883 shares of the software company’s stock after selling 2,015 shares during the period. Cape ANN Savings Bank’s holdings in Adobe were worth $312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Adobe during the second quarter valued at approximately $2,029,950,000. Assenagon Asset Management S.A. boosted its holdings in shares of Adobe by 308.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after buying an additional 2,347,562 shares during the period. Amundi grew its stake in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after buying an additional 961,895 shares during the last quarter. AQR Capital Management LLC raised its holdings in Adobe by 116.9% in the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock worth $616,345,000 after acquiring an additional 880,134 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Adobe during the 2nd quarter worth $318,224,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Down 1.4%

Shares of NASDAQ:ADBE opened at $352.42 on Wednesday. The company’s fifty day moving average is $337.43 and its 200-day moving average is $354.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70. The company has a market capitalization of $147.52 billion, a PE ratio of 21.09, a P/E/G ratio of 1.41 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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 firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $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. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Redburn Partners set a $280.00 price target on Adobe in a research report on Monday, September 1st. Wolfe Research reduced their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Citigroup boosted their target price on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Barclays reissued an “overweight” rating and issued a $415.00 price target on shares of Adobe in a report on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $417.93.

Key Stores Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Partnership: Adobe partnered with Runway to deliver advanced AI video solutions for creators and brands — expands Adobe’s product ecosystem in generative video, supports monetization of creative-cloud and Premiere workflows. Adobe and Runway partner to bring advanced AI videos solutions for creators and brands
• Positive Sentiment: Bullish analysis: A Seeking Alpha piece argues 2025 set the stage for multi-year growth as Adobe’s AI investments and recurring revenue mix position the company for accelerating monetization. Adobe: 2025 Was A Setup
• Positive Sentiment: Analyst upgrade: Wall Street Zen upgraded Adobe to a “Buy,” which can support investor sentiment and buying interest in the near term. Adobe (NASDAQ:ADBE) Upgraded by Wall Street Zen to “Buy” Rating
• Neutral Sentiment: BMO view: BMO kept an Outperform rating but trimmed its price target to $400 (from $405), praising Q4 results while flagging competitive pressure in lower-end offerings and AI. That keeps institutional support but caps near-term upside. BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Duplicate coverage: InsiderMonkey also reports BMO’s PT cut to $400 while reiterating Outperform — reinforces the same mixed message (solid fundamentals, cautious on AI competition). BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Price-target trims: Multiple Wall Street firms trimmed Adobe price targets while still praising revenue growth and the long-term outlook — suggests analysts see ongoing execution but nearer-term valuation pressure. Wall Street Firms Cut Adobe Inc. (ADBE) Price Target but Tout Revenue Growth and Long-term Outlook
• Negative Sentiment: Legal risk: Adobe was hit with a class-action lawsuit alleging misuse of data to train AI models — introduces regulatory, litigation and reputational risk that could pressure the stock if exposure grows. Adobe hit with class action over alleged AI training misuse

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Adobe Company 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.