Adobe Inc. $ADBE Stake Trimmed by DNB Asset Management AS

DNB Asset Management AS cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 53.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,710 shares of the software company’s stock after selling 119,317 shares during the quarter. DNB Asset Management AS’s holdings in Adobe were worth $36,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADBE. CX Institutional grew its stake in Adobe by 72.9% during the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after acquiring an additional 11,769 shares in the last quarter. Wright Investors Service Inc. grew its position in Adobe by 114.4% during the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock valued at $3,499,000 after purchasing an additional 5,293 shares in the last quarter. Federated Hermes Inc. increased its stake in Adobe by 185.1% in the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after buying an additional 583,275 shares during the period. Jones Financial Companies Lllp lifted its position in Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after buying an additional 32,448 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Adobe during the 3rd quarter valued at $24,904,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup increased their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Robert W. Baird set a $350.00 price target on Adobe in a research note on Wednesday, January 14th. Morgan Stanley lowered their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Finally, UBS Group decreased their target price on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $392.76.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks highlights Adobe’s expanding AI partnerships and deeper Firefly/Acrobat AI integration as catalysts that could drive a recovery in revenue and re-accelerate growth. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: CNET reports Adobe continuing to push AI-driven product innovation (next: one‑click AI video editing), supporting the company’s narrative of product differentiation that could protect pricing and customer workflows. Adobe’s Still All In on AI. Next Up: The One-Click Tool That Edits Videos for You
• Positive Sentiment: TipRanks notes Adobe is trading at ~15x earnings and frames the sell‑off as a potential buying opportunity for long‑term investors if Adobe can capitalize on AI and defend its workflow moat. Adobe Stock Is Trading at 15x Earnings
• Neutral Sentiment: Short‑interest data published for February shows anomalous zero/NaN figures — appears to be a data/reporting glitch and provides little actionable signal on squeeze risk. (internal short‑interest entries)
• Neutral Sentiment: Options‑strategy piece highlights elevated options premium and an example short iron‑condor trade paying ~35% — signals increased derivatives activity and opportunities for income/hedging but not a bullish fundamental read. 1 Picture-Perfect Short Iron Condor Trade
• Negative Sentiment: Google’s Gemini image upgrade (Nano Banana 2) promises “Pro‑grade” image outputs at speed — this intensifies competition in AI image/creative tooling and is cited as direct pressure on Adobe/Figma shares. Google Gemini Image Upgrade Pressures Adobe, Figma Shares
• Negative Sentiment: Broader industry stress: analysts and media cite a multi‑trillion‑dollar pullback in software stocks amid an AI “scare trade” and JPMorgan commentary that raises concerns about incumbents’ vulnerability to AI competition — a sector headwind weighing on ADBE. JPMorgan drops blunt take on software stocks AI threat
• Negative Sentiment: High‑profile criticism and analyst repositioning: Jim Cramer and others have questioned Adobe’s moat in the AI era, and Piper Sandler recently cut its rating/target (from Overweight to Neutral and lowered PT), creating near‑term sentiment/headline pressure. Adobe Doesn’t Have The Moat That It Thinks, Says Jim Cramer Piper Sandler Remains Positive on Adobe Despite Concerns

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Adobe Trading Up 0.5%

Shares of Adobe stock opened at $259.04 on Friday. The company has a market cap of $106.34 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.01 and a beta of 1.51. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $453.26. The company’s fifty day simple moving average is $301.51 and its 200-day simple moving average is $329.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share 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 business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the business earned $4.81 earnings per share. The firm’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. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

About Adobe

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.