Hillsdale Investment Management Inc. Lowers Position in Adobe Inc. $ADBE

Hillsdale Investment Management Inc. decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 78.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,198 shares of the software company’s stock after selling 14,890 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Adobe were worth $1,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADBE. Vanguard Group Inc. boosted its holdings in shares of Adobe by 0.8% during the 3rd 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 last quarter. Norges Bank purchased a new stake in shares of Adobe in the second quarter worth about $2,029,950,000. Invesco Ltd. boosted its stake in Adobe by 16.1% during the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after buying an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 17.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after buying an additional 548,903 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Adobe by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after buying an additional 24,333 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ADBE. TD Cowen lowered their target price on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company lowered their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Oppenheimer cut shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Wolfe Research decreased their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Finally, Stifel Nicolaus lowered their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $392.76.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Market commentary flags Adobe as oversold vs. peers and a potential buying opportunity for longer-term investors; analysts point to improved valuation and upside if tech sentiment stabilizes. (No link available)
• Positive Sentiment: “Smart money” data suggests institutional holders are staying relatively resilient, providing some support under the decline and indicating long-term holders are not abandoning the name. Adobe (ADBE) stock has been beaten up but the smart money remains resilient
• Neutral Sentiment: Brand and outreach stories (Adobe’s creator/entrepreneur initiatives) underline product-led strengths but are unlikely to change near-term price action driven by macro/tech rotation. Adobe’s mission to empower creators; Women redefining entrepreneurship
• Negative Sentiment: Adobe hit a 52-week low, a clear technical signal that can trigger stop-losses and force selling from trend-following funds — reinforcing downside momentum. Adobe stock hits 52-week low at $251.00
• Negative Sentiment: Analysts and market write-ups note Adobe fell more than the broader market today as tech weakness, concern over AI competition and rotation into defensive sectors amplify selling pressure. Here’s Why Adobe Systems (ADBE) Fell More Than Broader Market
• Negative Sentiment: Coverage flags Adobe sits ~43% below its 52‑week high; analysts cite strong long-term growth targets but warn that fierce AI competition and near-term execution uncertainty cloud the path to a multiple re-rating. Adobe Trades 43% Below 52-Week High: Buy, Sell or Hold the Stock?
• Negative Sentiment: Investor note argues there is “no catalyst, no re‑rating” — implying the stock needs clearer evidence of sustained margin/AI-led revenue upside before multiples expand, which pressures sentiment. Adobe: No Catalyst, No Re-Rating

Adobe Price Performance

Adobe stock opened at $246.68 on Tuesday. Adobe Inc. has a 12-month low of $244.80 and a 12-month high of $453.26. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $307.24 and a 200-day moving average price of $331.03. The firm has a market capitalization of $101.26 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last posted 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. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

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.