Covea Finance Sells 57,435 Shares of Adobe Inc. $ADBE

Covea Finance reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 64.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,444 shares of the software company’s stock after selling 57,435 shares during the quarter. Covea Finance’s holdings in Adobe were worth $11,005,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADBE. CX Institutional boosted its holdings in shares of Adobe by 72.9% in the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after purchasing an additional 11,769 shares during the period. Wright Investors Service Inc. increased its holdings in Adobe by 114.4% during the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after purchasing an additional 5,293 shares during the period. Federated Hermes Inc. increased its holdings in Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after purchasing an additional 583,275 shares during the period. Jones Financial Companies Lllp raised its position in Adobe by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after purchasing an additional 32,448 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after buying an additional 710,357 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 results and guidance beat expectations — Adobe reported better‑than‑expected revenue and EPS and provided FY26/Q2 guidance, supporting the fundamental bull case (strong margins and AI product adoption).
• Positive Sentiment: Adobe partners with NVIDIA to bolster Firefly and AI workflows, a strategic tie that can accelerate product capabilities and enterprise adoption. Adobe Taps NVIDIA for AI
• Positive Sentiment: High‑profile commercial deals — expanded multi‑year MLB partnership increases Adobe’s enterprise reach and provides a visible use case for its AI and marketing tools. Adobe’s MLB Deal Puts AI Tools To The Test At Scale
• Neutral Sentiment: Data anomaly on short interest — recent filings show zero short interest (likely a reporting glitch), so short‑interest metrics are unreliable right now and not driving a clear directional signal.
• Neutral Sentiment: Several analyst pieces and think‑pieces (bull and bear) are amplifying volatility but offer mixed conclusions on valuation versus growth; these are influencing sentiment more than fundamentals. Assessing Adobe (ADBE) Valuation
• Negative Sentiment: Regulatory pressure — U.K. antitrust probe into early cancellation fees and a reported $75M remediation/penalty raise legal/operational risk and headline risk. UK regulator probes Adobe over cancellation fees
• Negative Sentiment: Competitive threats from Big Tech — Google’s redesigned Stitch platform and repeated comparisons showing Microsoft’s Azure/AI momentum are pressuring Adobe’s growth narrative and multiple. Adobe Stock Drops After Google’s Stitch Redesign
• Negative Sentiment: Investor positioning and options activity — unusually large put buying and bearish commentary (including “SaaSpocalypse” headlines) signal elevated downside risk and likely contributed to recent selling pressure.
• Negative Sentiment: Leadership uncertainty — the announced CEO transition is cited in multiple analyses as a near‑term risk to sentiment and has added to the stock’s recent weakness. Microsoft vs. Adobe: Which Software Giant Has Better Upside Potential?

Adobe Trading Up 0.9%

Adobe stock opened at $248.15 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.00 and a current ratio of 0.91. The stock has a market cap of $101.87 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.53. The stock has a 50-day moving average of $275.23 and a two-hundred day moving average of $319.52. Adobe Inc. has a one year low of $241.00 and a one year high of $422.95.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup decreased their price objective on Adobe from $315.00 to $278.00 and set a “neutral” rating for the company in a report on Monday, March 16th. HSBC set a $302.00 target price on shares of Adobe in a research report on Friday, February 13th. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $335.00 to $275.00 in a report on Friday, March 13th. Mizuho dropped their price objective on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Finally, The Goldman Sachs Group cut their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus target price of $343.88.

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.