Adobe Inc. $ADBE Position Lessened by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its position in Adobe Inc. (NASDAQ:ADBE) by 47.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,367 shares of the software company’s stock after selling 2,130 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Adobe were worth $835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverbend Wealth Management LLC grew its stake in shares of Adobe by 1.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after buying an additional 29 shares in the last quarter. Intellus Advisors LLC lifted its stake in Adobe by 1.6% in the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after acquiring an additional 30 shares during the last quarter. Beacon Financial Advisory LLC grew its position in Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after acquiring an additional 30 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Adobe by 20.8% during the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares during the last quarter. Finally, Dakota Community Bank & Trust NA raised its holdings in shares of Adobe by 12.8% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after purchasing an additional 31 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strong Q1 results: Adobe beat revenue and EPS expectations and management highlighted AI-driven adoption, rising monthly active users and recurring revenue growth — positive for medium-term monetization and cash flow. 5 Must-Read Analyst Questions From Adobe’s Q1 Earnings Call
• Positive Sentiment: NVIDIA partnership boosts AI roadmap: Adobe is partnering with NVIDIA to accelerate Firefly and AI workflows — this strengthens Adobe’s product-led AI positioning and enterprise appeal. Adobe Taps NVIDIA for AI
• Positive Sentiment: High‑profile commercial win: Adobe expanded a multi‑year partnership with Major League Baseball to use AI-enabled creative and marketing tools — a visible enterprise reference that supports cross‑sell and brand reach. Adobe’s MLB Deal Puts AI Tools To The Test At Scale
• Neutral Sentiment: Debate over long-term monetization and disclosures: Analysts and commentators are split — some argue bears are overpricing disruption while others worry switch from Digital Media ARR to Total ARR obscures growth. This generates mixed analyst views rather than a clear directional catalyst. Seeking Alpha: Bears Are Pricing In Disruption
• Negative Sentiment: CEO transition creates uncertainty: Longtime CEO Shantanu Narayen announced plans to step down, a development investors view as increasing leadership risk and prompting reassessment of strategic execution. Assessing Adobe Valuation As CEO Transition And AI Concerns Pressure Sentiment
• Negative Sentiment: UK antitrust probe and consumer remediation: Britain’s Competition & Markets Authority has opened an investigation into early cancellation fees, and Adobe is reported to offer $75M in free services plus penalties — regulatory and reputational headwinds. UK regulator probes Adobe over cancellation fee concerns
• Negative Sentiment: Surge in bearish derivatives: Unusually large put‑option buying (roughly 118,864 puts on a recent session, ~94% above typical daily put volume) signals institutional hedging or directional bearish bets that can amplify short‑term downside.
• Negative Sentiment: Analyst pessimism and competitive pressure: Citigroup and other commentators have trimmed price targets; Google’s new Stitch redesign and broader “SaaSpocalypse” narratives are feeding fears of AI-driven disruption to Adobe’s pricing and growth. Analyst Cuts Price Target Adobe Stock Drops After Google’s Stitch Redesign

Analyst Ratings Changes

Several equities research analysts recently issued reports on ADBE shares. JPMorgan Chase & Co. reduced their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Jefferies Financial Group cut their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Stifel Nicolaus reduced their price target on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Piper Sandler cut their price objective on Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, Citigroup decreased their target price on Adobe from $315.00 to $278.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $343.88.

Adobe Stock Performance

ADBE opened at $245.99 on Friday. The firm has a market capitalization of $100.98 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.97 and a beta of 1.53. The stock’s 50 day moving average price is $276.95 and its two-hundred day moving average price is $320.28. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 12-month low of $244.27 and a 12-month high of $422.95.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the business posted $5.08 EPS. The company’s revenue for the quarter 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. On average, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The transaction 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 insiders.

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.