Country Trust Bank Lowers Stake in Adobe Inc. $ADBE

Country Trust Bank lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 9.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,818 shares of the software company’s stock after selling 7,478 shares during the quarter. Country Trust Bank’s holdings in Adobe were worth $26,039,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ADBE. Norges Bank acquired a new stake in Adobe in the second quarter valued at approximately $2,029,950,000. Assenagon Asset Management S.A. raised its position 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 valued at $1,202,979,000 after acquiring an additional 2,347,562 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Adobe in the 2nd quarter worth about $318,224,000. Franklin Resources Inc. lifted its holdings in Adobe by 68.9% in the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after acquiring an additional 791,077 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Adobe by 218.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after purchasing an additional 736,682 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADBE has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Cowen reiterated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Oppenheimer downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. Finally, The Goldman Sachs Group began coverage on shares of Adobe in a report on Monday. They issued a “sell” rating and a $290.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $402.85.

Adobe Trading Down 0.1%

ADBE opened at $304.09 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $335.36 and a two-hundred day moving average price of $348.11. Adobe Inc. has a 1-year low of $301.40 and a 1-year high of $465.70. The stock has a market capitalization of $127.29 billion, a PE ratio of 18.20, a PEG ratio of 1.20 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last released its earnings results 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 net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the company posted $4.81 EPS. The company’s revenue 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. As a group, equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Some commentators call ADBE oversold and flag valuation/cash-yield as a buying case — these views argue current weakness already prices in AI risk and create a longer-term opportunity. 1 Oversold Software Stock With Too Much AI Fear Priced In
• Positive Sentiment: Forbes argues Adobe’s fundamentals, cash yield and valuation could make it an attractive buy for long-term investors. Is It Time To Buy Adobe Stock?
• Neutral Sentiment: Adobe completed the Semrush acquisition to accelerate AI initiatives, but market reaction is mixed — the deal may help product roadmaps but hasn’t yet calmed monetization concerns. Cloud Stocks: For Adobe, Is The Semrush Acquisition Enough?
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, adding to bearish analyst pressure and signaling weaker analyst sentiment than the company has seen in years. Goldman Sachs Assumes Coverage of Adobe (ADBE) With Sell Rating, $290 PT
• Negative Sentiment: Heavy bearish flows: unusually large put buying (86,112 puts, ~54% above average) suggests traders are positioning for further downside. (Options flow reported 1/14/2026.)
• Negative Sentiment: Multiple headlines cite AI competition (Canva, Figma, OpenAI) and a discounted Apple creative subscription as direct threats to Adobe’s pricing and market share — amplifying selling pressure. Adobe Stock Falls as Apple Unveils Discounted Creative Software Subscription
• Negative Sentiment: Technical and sentiment-focused pieces highlight a bearish chart structure and multi‑year lows, reinforcing momentum-driven selling risk in the near term. Adobe: Bearish Structure Signals Final Leg Lower
• Negative Sentiment: Sector spillover: downgrades and weak tone in enterprise software have pressured peers and amplified downside for Adobe. Salesforce (CRM) Stock Drops Following Adobe Downgrade and Sector Weakness

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.