Allspring Global Investments Holdings LLC Cuts Stock Position in Adobe Inc. $ADBE

Allspring Global Investments Holdings LLC cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,633 shares of the software company’s stock after selling 38,313 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Adobe were worth $43,207,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Adobe by 25.5% during the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after buying an additional 486 shares during the last quarter. United Bank grew its holdings in Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after buying an additional 428 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after acquiring an additional 190 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in Adobe by 34.2% in the 2nd quarter. Edgestream Partners L.P. now owns 4,291 shares of the software company’s stock worth $1,660,000 after acquiring an additional 1,093 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Performance

Adobe stock opened at $241.37 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $97.56 billion, a PE ratio of 14.06, a P/E/G ratio of 0.95 and a beta of 1.53. The company has a 50 day moving average price of $265.27 and a 200-day moving average price of $313.19. Adobe Inc. has a fifty-two week low of $233.15 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The company 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%.Adobe’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $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. As a group, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research note on Tuesday, March 10th. The Goldman Sachs Group cut their target price on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. JPMorgan Chase & Co. cut their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Citigroup dropped their price target on shares of Adobe from $315.00 to $278.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $343.88.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bridgewater/Ray Dalio exposure signals institutional confidence in Adobe’s long-term story; Dalio-led Bridgewater has held ADBE in 13F filings historically, which can attract investor interest and support valuation. Billionaire Ray Dalio Is Buying This Software Stock
• Positive Sentiment: Omnicom’s launch of a unified Adobe practice (through Credera/LeapPoint) expands Adobe’s enterprise integration and channel reach, potentially increasing enterprise seat sales and implementation projects. Omnicom’s Transformation Consultancy Strengthens Capabilities with the Launch of Unified Adobe Practice
• Positive Sentiment: Product momentum: Adobe’s launch of “Turntable” in Illustrator and continued Firefly custom AI model development strengthen its creative-product roadmap and stickiness with creatives — supports monetization and differentiation vs. new AI entrants. Adobe launches Turntable in Illustrator What makes Adobe Firefly’s custom AI models so exciting for creatives
• Neutral Sentiment: Analyst/investor commentary labels Adobe as undervalued or a value pick in some lists — this can attract long‑term buyers but may take time to move the stock absent stronger near‑term catalysts. 5 Most Undervalued Value Stocks to Buy Right Now
• Negative Sentiment: Despite a recent beat (quarterly EPS and revenue topped estimates and Adobe set FY‑2026 guidance), the stock was sluggish after earnings — suggests the market is already pricing future growth/AI execution risks into the shares. Adobe Is Posting Promising Earnings But The Good News Doesn’t Stop There
• Negative Sentiment: Macro/competitive concern: Coverage questioning whether the creative economy still needs Adobe in the AI era raises execution risk — investors may be cautious until Adobe proves monetization of AI features and defends its moat. Adobe faces an AI-era test of whether the creative economy still needs it
• Negative Sentiment: Sector pressure: a broader software-stock selloff is weighing on Adobe along with peers; even company‑specific positives can be muted when sentiment in the group is weak. Software Stocks: Values or Traps?

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe 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 completion of the sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.