Adobe Inc. $ADBE Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,961 shares of the software company’s stock after selling 3,051 shares during the period. Trust Co. of Vermont’s holdings in Adobe were worth $4,536,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after purchasing an additional 344,816 shares during the period. State Street Corp lifted its position in Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after purchasing an additional 352,448 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares during the period. Amundi boosted its stake in Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Adobe by 9.4% during the 3rd quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock valued at $1,700,850,000 after purchasing an additional 414,526 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bridgewater/Ray Dalio exposure signals institutional confidence in Adobe’s long-term story; Dalio-led Bridgewater has held ADBE in 13F filings historically, which can attract investor interest and support valuation. Billionaire Ray Dalio Is Buying This Software Stock
• Positive Sentiment: Omnicom’s launch of a unified Adobe practice (through Credera/LeapPoint) expands Adobe’s enterprise integration and channel reach, potentially increasing enterprise seat sales and implementation projects. Omnicom’s Transformation Consultancy Strengthens Capabilities with the Launch of Unified Adobe Practice
• Positive Sentiment: Product momentum: Adobe’s launch of “Turntable” in Illustrator and continued Firefly custom AI model development strengthen its creative-product roadmap and stickiness with creatives — supports monetization and differentiation vs. new AI entrants. Adobe launches Turntable in Illustrator What makes Adobe Firefly’s custom AI models so exciting for creatives
• Neutral Sentiment: Analyst/investor commentary labels Adobe as undervalued or a value pick in some lists — this can attract long‑term buyers but may take time to move the stock absent stronger near‑term catalysts. 5 Most Undervalued Value Stocks to Buy Right Now
• Negative Sentiment: Despite a recent beat (quarterly EPS and revenue topped estimates and Adobe set FY‑2026 guidance), the stock was sluggish after earnings — suggests the market is already pricing future growth/AI execution risks into the shares. Adobe Is Posting Promising Earnings But The Good News Doesn’t Stop There
• Negative Sentiment: Macro/competitive concern: Coverage questioning whether the creative economy still needs Adobe in the AI era raises execution risk — investors may be cautious until Adobe proves monetization of AI features and defends its moat. Adobe faces an AI-era test of whether the creative economy still needs it
• Negative Sentiment: Sector pressure: a broader software-stock selloff is weighing on Adobe along with peers; even company‑specific positives can be muted when sentiment in the group is weak. Software Stocks: Values or Traps?

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The stock was 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 of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Adobe Price Performance

NASDAQ ADBE opened at $241.37 on Thursday. Adobe Inc. has a fifty-two week low of $233.15 and a fifty-two week high of $422.95. The stock’s 50-day moving average is $265.27 and its two-hundred day moving average is $313.19. The firm has a market cap of $97.56 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.95 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (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 during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company posted $5.08 EPS. The firm’s revenue 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, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADBE. The Goldman Sachs Group lowered their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Citigroup cut their price objective on Adobe from $315.00 to $278.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Jefferies Financial Group reduced their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Finally, Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an “outperform” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $343.88.

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.