Calamos Wealth Management LLC Cuts Stake in Adobe Inc. $ADBE

Calamos Wealth Management LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 97.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 586 shares of the software company’s stock after selling 23,158 shares during the quarter. Calamos Wealth Management LLC’s holdings in Adobe were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ADBE. Schmidt P J Investment Management Inc. lifted its position in Adobe by 2.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after buying an additional 25 shares during the last quarter. Rise Advisors LLC grew its position in shares of Adobe by 7.0% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock worth $157,000 after buying an additional 27 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after acquiring an additional 30 shares in the last quarter. Intellus Advisors LLC increased its holdings in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after buying an additional 30 shares during the period. Finally, Capital Advisory Group Advisory Services LLC increased its holdings in shares of Adobe by 2.2% in the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADBE. Oppenheimer cut their price objective on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research note on Monday. Barclays reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research note on Friday, December 5th. Finally, Evercore ISI dropped their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and an average price target of $417.93.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case highlighting AI monetization, valuation gap and a $595 price target argues Adobe is underpriced and will benefit from workflow AI integration; this supports a longer-term bullish thesis for ADBE. Adobe: Mispriced, Misunderstood, And Monetizing AI
• Positive Sentiment: Long-term performance piece: a retrospective showing strong multi-decade total return for Adobe, which can support investor confidence in ADBE as a secular growth ownership story. If You Invested $100 In Adobe Stock 20 Years Ago, You Would Have This Much Today
• Neutral Sentiment: Zacks issued a FY2028 earnings projection (EPS $24.05), signaling confidence in multi‑year earnings growth even as near‑term estimates shift; longer‑term estimates can moderate panic but are further out. (No direct link provided)
• Neutral Sentiment: Regulatory bill (HUSTLE Act) mentions Adobe among companies that could see increased demand for content tools if NIL-driven creator activity expands — a small, policy‑driven upside over time. New Bill: Senator Marsha Blackburn introduces S. 3378
• Neutral Sentiment: Market commentary and watchlists (e.g., “Final Trades” video) include Adobe as a stock to monitor, keeping it on investor radar but not providing immediate catalysts. Final Trades: Adobe, Alibaba and Goldman Sachs
• Negative Sentiment: Zacks Research reduced its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90 — a near‑term downward revision that can pressure sentiment and valuation multiples. (Reported via MarketBeat summary)
• Negative Sentiment: Macro headwinds: U.S. stock futures and economic headlines turned negative at the end of the year, contributing to broad market selling that hurt higher‑beta, growth‑oriented names like ADBE. U.S. Stock Futures in Red to Close an Impressive 2025

Adobe Stock Performance

Adobe stock opened at $349.99 on Friday. The firm has a 50 day simple moving average of $338.69 and a 200-day simple moving average of $352.14. The stock has a market cap of $146.51 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70.

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