Adobe Inc. $ADBE Shares Sold by DLK Investment Management LLC

DLK Investment Management LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 26.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,030 shares of the software company’s stock after selling 3,303 shares during the period. DLK Investment Management LLC’s holdings in Adobe were worth $3,160,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LVW Advisors LLC raised its holdings in shares of Adobe by 13.8% in the fourth quarter. LVW Advisors LLC now owns 1,452 shares of the software company’s stock worth $508,000 after acquiring an additional 176 shares during the last quarter. Hunter Perkins Capital Management LLC acquired a new stake in shares of Adobe during the fourth quarter valued at $4,138,000. Bond & Devick Financial Network Inc. boosted its stake in shares of Adobe by 6.2% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 1,718 shares of the software company’s stock valued at $601,000 after acquiring an additional 100 shares during the last quarter. First County Bank CT increased its position in Adobe by 41.7% during the 4th quarter. First County Bank CT now owns 1,871 shares of the software company’s stock worth $655,000 after purchasing an additional 551 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Adobe by 5.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 886 shares of the software company’s stock worth $310,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe 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 transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Adobe Trading Down 2.5%

NASDAQ ADBE opened at $234.84 on Friday. The company has a market cap of $94.92 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.92 and a beta of 1.53. Adobe Inc. has a 12 month low of $233.15 and a 12 month high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00. The company has a 50-day moving average of $268.38 and a 200-day moving average of $315.46.

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, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company earned $5.08 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, equities analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wolfe Research reduced their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a report on Monday, March 9th. JPMorgan Chase & Co. reduced their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. BMO Capital Markets decreased their target price on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average target price of $343.88.

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.