Adobe Inc. $ADBE Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 537,682 shares of the software company’s stock after selling 29,000 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of Adobe worth $189,667,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after buying an additional 486 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Adobe by 1.8% in the second quarter. Janney Montgomery Scott LLC now owns 93,509 shares of the software company’s stock valued at $36,177,000 after buying an additional 1,626 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in Adobe by 80.1% during the second quarter. Raleigh Capital Management Inc. now owns 1,138 shares of the software company’s stock worth $440,000 after acquiring an additional 506 shares during the period. Finally, Powers Advisory Group LLC raised its position in Adobe by 13.7% in the second quarter. Powers Advisory Group LLC now owns 740 shares of the software company’s stock worth $286,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.7%

Shares of NASDAQ ADBE opened at $299.58 on Thursday. The firm’s 50-day moving average is $329.78 and its two-hundred day moving average is $342.82. The company has a market capitalization of $122.98 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.53. Adobe Inc. has a 12-month low of $288.33 and a 12-month 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 1.00.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping 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 business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the company posted $4.81 EPS. The company’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. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ADBE. Barclays reissued an “overweight” rating and issued a $415.00 target price on shares of Adobe in a report on Friday, December 5th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley lowered their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 11th. Citigroup lifted their price target on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Finally, BMO Capital Markets lowered Adobe from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $397.19.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Major Photoshop upgrade strengthens product moat and should support Creative Cloud retention/ARPU over time. Read More.
• Positive Sentiment: Bharti Airtel partnership could expand Adobe Express distribution to hundreds of millions of users, boosting user acquisition and adoption internationally. Read More.
• Neutral Sentiment: Corporate governance update: Adobe disclosed 2026 executive compensation plans and a new severance policy — typically not a material near-term stock mover unless contentious details emerge. Read More.
• Neutral Sentiment: Market commentary is mixed — high-profile voices (Jim Cramer) say they’re unsure how to position ADBE, reflecting investor uncertainty rather than a clear bullish or bearish catalyst. Read More.
• Negative Sentiment: Multiple broker downgrades (Goldman, BMO, Jefferies cited) are pressuring sentiment and likely contributing to the premarket weakness. Read More.
• Negative Sentiment: Legal/merger risk: shareholder lawsuits tied to the proposed Semrush deal could delay the transaction and add uncertainty/cost. Read More.
• Negative Sentiment: Competitive pressure from new entrants and alternatives (Apple’s Creator Studio, Figma’s AI positioning) is fueling debate among analysts about Adobe’s growth vs. peers. Read More.
• Negative Sentiment: Insider transaction: CFO Daniel Durn sold ~1,646 shares (small position change) — a negative signal for some investors even though the size is modest. Read More.

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated 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 owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.16% of the company’s stock.

About Adobe

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.