Rhumbline Advisers Has $286.36 Million Holdings in Adobe Inc. $ADBE

Rhumbline Advisers reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 811,799 shares of the software company’s stock after selling 10,074 shares during the period. Rhumbline Advisers’ holdings in Adobe were worth $286,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADBE. Norges Bank acquired a new stake in Adobe in the second quarter valued at approximately $2,029,950,000. Invesco Ltd. lifted its holdings in shares of Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Adobe by 17.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after purchasing an additional 548,903 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Adobe by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock worth $1,130,707,000 after buying an additional 24,333 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Adobe by 3.8% in the second quarter. Schroder Investment Management Group now owns 2,137,724 shares of the software company’s stock valued at $827,043,000 after buying an additional 78,186 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst/market bullish takes — several articles argue Adobe is attractively valued after the pullback and a candidate for a rebound, highlighting its subscription moat and long-term earnings power. Adobe: Bullish On A Bounce Back From Multi-Year Lows
• Positive Sentiment: Value/earnings momentum views — Zacks and other analysts profile Adobe as a top value/earnings-acceleration stock, supporting the case for longer-term investors buying the dip. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Positive Sentiment: Macro/sector rebound narratives — strategists say recent AI-driven selling has created buying opportunities in higher-quality software names like Adobe, helping stabilize sentiment in some trading sessions. AI disruption fears create buying chance in US software stocks, strategists say
• Neutral Sentiment: Small insider/institutional activity — a minor stake purchase was reported (2,037 shares by Tempus Wealth Planning), but the size is not material to Adobe’s float. 2,037 Shares in Adobe Inc. $ADBE Acquired by Tempus Wealth Planning LLC
• Neutral Sentiment: Market breadth improvement — broader market indicators and a rebound in software names have eased panic-driven flows, reducing downside pressure for quality names like Adobe. Nasdaq Jumps Over 200 Points As Software Stocks Rebound: Investor Sentiment Improves, Fear & Greed Index Moves To ‘Neutral’ Zone
• Neutral Sentiment: Short-interest data anomaly — a report noted a “significant increase” but showed zero shares/NaN values, indicating unreliable short interest reporting this cycle; no clear signal from shorts.
• Negative Sentiment: Sector rotation & FOBO selling — commentary points to tech-heavy portfolios being hit by rotation into consumer/defensive names (Walmart, Hershey) and fear-of-bad-outcomes (FOBO), which has pressured Adobe along with other software stocks. FOBO (Not FOMO) Hits Tech Heavy Portfolios Hard; Tech Stocks Adobe, Salesforce Beaten By Walmart, Hershey

Adobe Trading Down 0.8%

NASDAQ ADBE opened at $264.67 on Wednesday. Adobe Inc. has a fifty-two week low of $262.95 and a fifty-two week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day simple moving average of $322.25 and a two-hundred day simple moving average of $336.91. The stock has a market cap of $108.65 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping 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 firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period 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. On average, analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. UBS Group dropped their target price on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. BMO Capital Markets lowered Adobe from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Mizuho cut their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Finally, Oppenheimer lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $401.13.

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.