Adobe Inc. $ADBE Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 3.0% in the 3rd quarter, Holdings Channel reports. The fund owned 108,038 shares of the software company’s stock after selling 3,352 shares during the period. Xponance Inc.’s holdings in Adobe were worth $38,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LSV Asset Management grew its holdings in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares in the last quarter. Horizon Financial Services LLC raised its position in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares in the last quarter. Total Investment Management Inc. acquired a new stake in shares of Adobe in the 2nd quarter worth approximately $35,000. Howard Hughes Medical Institute bought a new position in Adobe during the 2nd quarter valued at $36,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Adobe during the 3rd quarter valued at $35,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on ADBE. Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. Mizuho cut their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Robert W. Baird set a $350.00 price objective on Adobe in a research report on Wednesday, January 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and a consensus price target of $392.76.

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 transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $259.04 on Friday. The firm has a market capitalization of $106.34 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.01 and a beta of 1.51. Adobe Inc. has a one year low of $244.28 and a one year high of $453.26. The business has a fifty day simple moving average of $301.51 and a 200 day simple moving average of $329.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

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

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched Firefly QuickCut, an AI tool that auto-edits video clips into a first cut — a clear product innovation that supports Firefly adoption and upsell opportunities across Creative Cloud and Enterprise customers. Faster product rollouts help defend monetization and long-term revenue potential. Adobe’s New Firefly QuickCut Gives Video Editors a Starting Point
• Positive Sentiment: Investment-angles highlight valuation upside: analysts and commentators note ADBE trading near ~15x earnings and being flagged as a potential recovery/deep-value opportunity if AI integrations and partner strategies translate to renewed growth. This frames ADBE as a longer-term buy-the-dip candidate for some investors. Adobe Stock Is Trading at 15x Earnings
• Neutral Sentiment: Options market activity has elevated premiums and attractive income trades (e.g., short iron condor strategies) due to recent volatility; this is more relevant to derivatives traders than long-term holders. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Several valuation/analysis pieces discuss whether Adobe is a deep-value pick or a performance trap; analysts remain mixed but not uniformly bearish — useful context for investors sizing positions. Adobe: Deep Value Or Performance Trap In 2026?
• Negative Sentiment: Jefferies cut its price target sharply (to $290 from $400) and reiterated a Hold, citing ongoing negative sentiment toward application software — the downgrade prompted a noticeable share drop and is a near-term catalyst for selling pressure. Adobe Inc. (ADBE)’s Upside Potential at 71% Despite Recent Price Target Reductions
• Negative Sentiment: Competitive risk: Google’s Gemini image upgrade (Nano Banana 2) and broader AI improvements from Big Tech are cited as pressuring Adobe and Figma shares — heightening investor concerns that AI could erode software pricing or share. Google Gemini Image Upgrade Pressures Adobe, Figma Shares
• Negative Sentiment: Sector-wide selloff and “AI scare” trade: software names have endured heavy declines this month as investors favor AI infrastructure over application software, creating headwinds for Adobe until sentiment stabilizes. Coverage includes broader market commentary and JPMorgan observations on the sector. JPMorgan drops blunt take on software stocks AI threat
• Negative Sentiment: High-profile critiques (e.g., Jim Cramer) question Adobe’s competitive moat in the AI era, amplifying negative sentiment and potentially accelerating short-term selling from momentum-driven investors. Adobe (ADBE) Doesn’t Have The Moat That It Thinks, Says Jim Cramer

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.