Cerity Partners LLC Trims Stake in Adobe Inc. $ADBE

Cerity Partners LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 278,000 shares of the software company’s stock after selling 11,171 shares during the quarter. Cerity Partners LLC’s holdings in Adobe were worth $98,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schmidt P J Investment Management Inc. grew its stake in Adobe by 2.9% in the 1st 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 in the last quarter. Riverbend Wealth Management LLC grew its position in Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after acquiring an additional 29 shares in the last quarter. FSM Wealth Advisors LLC increased its stake in Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after acquiring an additional 30 shares during the last quarter. Intellus Advisors LLC raised its position 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 purchasing an additional 30 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC raised its position in Adobe by 2.2% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 0.6%

NASDAQ:ADBE opened at $338.10 on Thursday. The firm has a market capitalization of $141.53 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.32 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $337.29 and a 200 day moving average of $350.56. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.70.

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. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling 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 transaction of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. Wolfe Research reduced their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Wells Fargo & Company lowered their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Finally, Barclays reiterated an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $411.88.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s Analytics unit reported record U.S. online holiday sales (Nov. 1–Dec. 31) of roughly $257.8B, underscoring continued demand for Adobe’s data and insights products and reinforcing the company’s relevance to retailers and advertisers. US online holiday spending hits record levels despite slower growth, Adobe says
• Positive Sentiment: Several bullish commentary pieces argue ADBE’s high margins and cash generation make it an attractive buy at current multiples, supporting modest upside sentiment among value-oriented investors. Buy Or Sell Adobe Stock?
• Neutral Sentiment: Industry and competitor analyses compare Adobe’s product breadth and valuation against peers, providing context but no immediate catalyst — useful for longer‑term positioning rather than near‑term moves. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Publisher screens and trend pieces note elevated attention around ADBE (search/volume interest), which can increase volatility but is not a directional fundamental signal by itself. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Jefferies downgraded Adobe to a Hold, citing a limited near‑term AI inflection — a direct analyst headwind that can cap multiple expansion until clearer AI monetization appears. Adobe downgraded to hold on limited AI inflection: Jefferies
• Negative Sentiment: Coverage highlighting recent downgrades, a multi‑day share pullback and arguments that Adobe faces near‑term risks (valuation/headwinds) increases selling pressure and investor caution. Why Is Adobe Stock Getting Downgraded? 3 Reasons ADBE is Risky and 1 Stock to Buy Instead

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.