Canoe Financial LP Has $2.80 Million Stock Holdings in Adobe Inc. $ADBE

Canoe Financial LP lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 60.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,000 shares of the software company’s stock after selling 12,266 shares during the quarter. Canoe Financial LP’s holdings in Adobe were worth $2,800,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Chesley Taft & Associates LLC increased its position in shares of Adobe by 2.5% during the 4th quarter. Chesley Taft & Associates LLC now owns 26,559 shares of the software company’s stock worth $9,295,000 after purchasing an additional 636 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of Adobe by 63.1% in the 4th quarter. Cypress Wealth Services LLC now owns 974 shares of the software company’s stock valued at $341,000 after buying an additional 377 shares during the last quarter. LVW Advisors LLC boosted its holdings in shares of Adobe by 13.8% in the 4th quarter. LVW Advisors LLC now owns 1,452 shares of the software company’s stock valued at $508,000 after buying an additional 176 shares during the last quarter. Hunter Perkins Capital Management LLC bought a new position in shares of Adobe in the fourth quarter valued at $4,138,000. Finally, Bond & Devick Financial Network Inc. increased its holdings in Adobe by 6.2% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 1,718 shares of the software company’s stock worth $601,000 after buying an additional 100 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Down 2.5%

Adobe stock opened at $234.84 on Friday. The company’s 50-day moving average price is $268.38 and its two-hundred day moving average price is $315.46. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock 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 twelve month low of $233.15 and a twelve month high of $422.95.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.08 earnings per share. 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, analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADBE shares. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Morgan Stanley lowered their price objective on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. BMO Capital Markets dropped their target price on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a report on Friday, March 13th. HSBC set a $302.00 target price on Adobe in a research note on Friday, February 13th. Finally, Wells Fargo & Company dropped their price target on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $343.88.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction on 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 $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Adobe

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.

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.