Adobe Inc. $ADBE Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,397 shares of the software company’s stock after selling 16,913 shares during the period. M&T Bank Corp’s holdings in Adobe were worth $36,826,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ossiam raised its stake in Adobe by 32.2% in the third quarter. Ossiam now owns 430,171 shares of the software company’s stock valued at $151,743,000 after buying an additional 104,785 shares in the last quarter. Marathon Capital Management acquired a new position in shares of Adobe during the 3rd quarter worth about $4,394,000. Mangrove Partners IM LLC acquired a new position in shares of Adobe during the 3rd quarter worth about $827,000. iSAM Funds UK Ltd increased its holdings in shares of Adobe by 125.3% in the 3rd quarter. iSAM Funds UK Ltd now owns 5,610 shares of the software company’s stock valued at $1,979,000 after acquiring an additional 3,120 shares during the last quarter. Finally, NorthRock Partners LLC raised its position in shares of Adobe by 16.8% during the 3rd quarter. NorthRock Partners LLC now owns 6,505 shares of the software company’s stock worth $2,294,000 after acquiring an additional 938 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $249.32 on Friday. The stock has a market cap of $102.35 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.06 and a beta of 1.53. Adobe Inc. has a twelve month low of $244.28 and a twelve month high of $422.95. The stock has a 50 day moving average of $283.88 and a two-hundred day moving average of $323.22. 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 announced its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.23%. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the firm posted $5.08 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Analyst Ratings Changes

A number of brokerages recently issued reports on ADBE. Piper Sandler lowered their price target on Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a report on Friday. Oppenheimer restated a “market perform” rating on shares of Adobe in a research report on Friday. Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $335.00 to $275.00 in a report on Friday. DA Davidson set a $300.00 target price on shares of Adobe in a research report on Friday. Finally, BMO Capital Markets cut their price target on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $347.85.

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.