Nordea Investment Management AB Cuts Stake in Adobe Inc. $ADBE

Nordea Investment Management AB lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 22.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,409,275 shares of the software company’s stock after selling 396,408 shares during the period. Nordea Investment Management AB owned approximately 0.34% of Adobe worth $500,701,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ADBE. Norges Bank purchased a new position in Adobe in the second quarter valued at $2,029,950,000. Invesco Ltd. raised its position in Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after purchasing an additional 610,215 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after buying an additional 548,903 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after buying an additional 2,347,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Adobe by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock worth $1,130,707,000 after buying an additional 24,333 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $327.65 on Tuesday. The company has a fifty day moving average of $336.96 and a two-hundred day moving average of $349.26. The company has a market capitalization of $137.15 billion, a PE ratio of 19.61, a P/E/G ratio of 1.31 and a beta of 1.53. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case: Several articles argue Adobe remains an attractive long‑term opportunity given its cash flows, recurring SaaS revenue and exposure to design/creative workflows, which investors interpret as valuation upside versus peers. What Makes Adobe (ADBE) an Attractive Opportunity?
• Positive Sentiment: Retail/idea coverage: The Motley Fool included Adobe in a list of “cheap” stocks that could outperform, reinforcing a narrative that the stock may be undervalued after last year’s weakness. 3 Absurdly Cheap Stocks That Could Double in 2026
• Neutral Sentiment: Short‑interest report appears to contain data errors (reports show a jump yet list 0 shares and NaN), so there’s no clear evidence of a material short squeeze or buildup to explain the move — treat the dataset cautiously.
• Negative Sentiment: Jefferies downgraded ADBE from Buy to Hold and cut its price target from $500 to $400 as part of a broader software‑sector review, citing rising competitive pressure — a direct negative catalyst for the stock. Jefferies Cautious on Adobe (ADBE)
• Negative Sentiment: BMO downgraded Adobe to Market Perform, citing increasing competition and a lack of near‑term positive catalysts — another analyst move that pressures sentiment and can trigger selling. BMO downgrades Adobe to Market Perform
• Negative Sentiment: Analysts note Adobe’s AI tools are popular but warn competition is intensifying in generative AI and creative software — this raises execution and margin risk as rivals and new entrants chase the same market. Analysts Say Adobe’s (ADBE) AI Tools Are Popular, but Competition Is Intensifying
• Negative Sentiment: Market reaction summary pieces note shares were down intraday (about 1.5% in one report), reflecting the combined weight of downgrades and competition concerns — short‑term pressure is likely sentiment‑driven rather than fundamental‑earnings surprises. Adobe (NASDAQ:ADBE) Stock Price Down 1.5% – Should You Sell?

Wall Street Analysts Forecast Growth

ADBE has been the topic of several analyst reports. Oppenheimer cut shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday. Barclays reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Adobe in a research report on Friday, December 5th. Cowen reissued a “hold” rating on shares of Adobe in a report on Monday, December 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Adobe presently has an average rating of “Hold” and an average target price of $406.44.

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.