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

Securian Asset Management Inc. trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 8.1% in the third quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. LSV Asset Management boosted its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Adobe in the 1st quarter worth approximately $29,000. Nexus Investment Management ULC bought a new position in shares of Adobe during the 2nd quarter worth approximately $31,000. Horizon Financial Services LLC boosted its stake in Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in Adobe in the first quarter valued at $33,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Up 1.3%

Adobe stock opened at $335.99 on Wednesday. The firm has a market capitalization of $140.65 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.31 and a beta of 1.53. The company’s 50 day simple moving average is $337.28 and its 200 day simple moving average is $350.64. 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 Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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 company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the firm posted $4.81 earnings per share. The business’s quarterly 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. As a group, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was 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 directly 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 ownership of the stock. The transaction 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.

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

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Barclays reissued an “overweight” rating and set a $415.00 price target on shares of Adobe in a report on Friday, December 5th. Evercore ISI dropped their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Piper Sandler decreased their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $414.22.

Adobe 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.