Handelsbanken Fonder AB Has $54.92 Million Stock Holdings in Adobe Inc. $ADBE

Handelsbanken Fonder AB trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,686 shares of the software company’s stock after selling 2,345 shares during the quarter. Handelsbanken Fonder AB’s holdings in Adobe were worth $54,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management grew its position in shares of Adobe by 350.0% during 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 during the period. Horizon Financial Services LLC boosted its stake in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new stake in Adobe during the 2nd quarter worth $35,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Adobe during the 3rd quarter valued at $35,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Adobe during the 2nd quarter valued at $36,000. 81.79% of the stock is owned by institutional investors.

Insider Transactions at Adobe

In other Adobe 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 sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe Price Performance

NASDAQ ADBE opened at $259.04 on Friday. The business has a 50 day simple moving average of $301.51 and a 200 day simple moving average of $329.43. Adobe Inc. has a 52-week low of $244.28 and a 52-week high of $453.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap 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 (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 earnings per share. The business’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. Analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Key Adobe News

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen decreased their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Wells Fargo & Company decreased their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Finally, BMO Capital Markets downgraded shares of Adobe from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $400.00 to $375.00 in a research note on Friday, January 9th. 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 given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $392.76.

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.