Securian Asset Management Inc. Sells 1,796 Shares of Adobe Inc. $ADBE

Securian Asset Management Inc. lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,487 shares of the software company’s stock after selling 1,796 shares during the period. Securian Asset Management Inc.’s holdings in Adobe were worth $7,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADBE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Adobe by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after buying an additional 126,688 shares in the last quarter. Norges Bank acquired a new position in Adobe during the 2nd quarter worth approximately $2,029,950,000. Invesco Ltd. boosted its position in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after acquiring an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after purchasing an additional 2,347,562 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $335.99 on Wednesday. The company has a market cap of $140.65 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.31 and a beta of 1.53. The firm’s fifty day moving average price is $337.28 and its two-hundred day moving average price is $350.64. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last announced 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 net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 EPS. Adobe’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. Cowen reiterated a “hold” rating on shares of Adobe in a report on Monday, December 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Oppenheimer dropped their price objective on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Finally, Citigroup raised their target price on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $414.22.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported a quarterly earnings and revenue beat and provided FY‑2026 guidance that implies continued profitability and cash‑flow leverage — a fundamental tailwind that supports valuation recovery for ADBE.
• Neutral Sentiment: In‑depth industry and competitor reviews highlight where Adobe stands vs. peers (product positioning, pricing power, and AI roadmap), useful for investors sizing relative risk/reward. In‑Depth Analysis: Adobe Versus Competitors
• Neutral Sentiment: Head‑to‑head comparisons (e.g., PROS vs Adobe) provide granular context on niche competition and go‑to‑market differences but are unlikely to move ADBE stock materially on their own. PROS vs Adobe Head‑To‑Head
• Negative Sentiment: Jefferies downgraded ADBE to “Hold” (while upgrading IBM), citing a limited near‑term AI inflection for Adobe — the downgrade triggered selling and extended a short‑term pullback. Jefferies Downgrade
• Negative Sentiment: Coverage and opinion pieces highlight ADBE’s recent multi‑day decline (analysts note a ~6% 5‑day loss and roughly $9B market‑cap drop), amplifying negative sentiment and increasing volatility risk. Forbes: Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Macro/sector headlines about software stocks and AI disruption (start‑of‑2026 selloff and 5% plunges for large software names) have pressured sentiment toward ADBE despite its fundamentals. 24/7 Wall St.: Salesforce and Adobe Start 2026 With a 5% Plunge
• Negative Sentiment: Analyst/opinion pieces flag specific risks in Adobe’s near‑term growth and valuation, recommending alternative picks for investors concerned about AI execution and margin trajectory. 3 Reasons ADBE is Risky

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.