APG Asset Management N.V. Sells 7,301 Shares of Adobe Inc. $ADBE

APG Asset Management N.V. cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,650 shares of the software company’s stock after selling 7,301 shares during the period. APG Asset Management N.V.’s holdings in Adobe were worth $97,588,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the last quarter. Caitlin John LLC purchased a new stake in Adobe during the third quarter valued at $28,000. Horizon Financial Services LLC lifted its position in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new position in Adobe during the second quarter valued at $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Adobe in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADBE. Wells Fargo & Company decreased their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. BMO Capital Markets downgraded Adobe from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $400.00 to $375.00 in a research report on Friday, January 9th. Jefferies Financial Group dropped their target price on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Robert W. Baird set a $350.00 target price on Adobe in a research report on Wednesday, January 14th. Finally, Weiss Ratings upgraded Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $392.76.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents 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. 0.16% of the stock is owned by insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched Firefly QuickCut, a one‑click AI video editing feature that can turn raw clips into a first cut — a meaningful product expansion for Creative Cloud that could boost adoption among video creators and prosumers. Adobe’s New Firefly QuickCut Gives Video Editors a Starting Point
• Positive Sentiment: Bullish analyst/commentary argue ADBE can recover to materially higher levels (one note outlines a $330 path), citing durable profit margins, subscription pricing power and AI monetization potential. This provides a constructive narrative for value-seeking investors. How Adobe Stock Rises To $330
• Positive Sentiment: Valuation-focused views note Adobe trading near ~15x earnings, framing the pullback as a potential long-term buying opportunity if AI execution and subscription retention remain strong. Adobe Stock Is Trading at 15x Earnings
• Neutral Sentiment: Some research notes large upside potential (claimed ~71%) but also highlights recent price‑target cuts — a mixed signal that leaves near‑term direction tied to execution and broader software sentiment. Adobe Inc. (ADBE)’s Upside Potential at 71%
• Neutral Sentiment: Options-focused writeups show active strategies (e.g., an iron‑condor yielding high returns), indicating elevated volatility expectations but not signalling directional consensus. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Reported short‑interest data is noisy/ambiguous in recent feeds, so positioning metrics are unclear and shouldn’t be over‑interpreted today.
• Negative Sentiment: Jefferies and similar market moves have cut price targets (e.g., Jefferies lowered its target to $290 from $400), and such cuts have triggered near‑term selling pressure. Adobe Inc. (ADBE)’s Upside Potential at 71%
• Negative Sentiment: Competition and AI advancements from Big Tech (e.g., Google’s Gemini image upgrades) are being cited as direct pressure on Adobe’s image/creative franchise, amplifying the sector‑wide “AI scare trade.” Google Gemini Image Upgrade Pressures Adobe, Figma Shares
• Negative Sentiment: Commentary from pundits and analysts (including warnings that Adobe’s moat may be under threat) and broader software selloffs tied to AI concerns keep downside risk elevated until durable monetization from new AI tools is demonstrated. Adobe (ADBE) Doesn’t Have The Moat That It Thinks

Adobe Price Performance

Shares of ADBE opened at $262.41 on Friday. The company’s fifty day moving average price is $299.64 and its 200-day moving average price is $328.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $107.72 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $453.26.

Adobe (NASDAQ:ADBE) last released its 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 during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 earnings per share. 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. On average, equities research analysts predict 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.