Vision Capital Management Inc. Has $2.23 Million Stake in Adobe Inc. $ADBE

Vision Capital Management Inc. cut its stake in Adobe Inc. (NASDAQ:ADBE) by 38.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,323 shares of the software company’s stock after selling 3,997 shares during the period. Vision Capital Management Inc.’s holdings in Adobe were worth $2,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Adobe in the 2nd quarter valued at $2,029,950,000. Invesco Ltd. boosted its stake in shares of Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after purchasing an additional 610,215 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Adobe by 308.1% during the 2nd 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. Finally, Charles Schwab Investment Management Inc. boosted its position in Adobe by 0.8% in the second 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. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Morgan Stanley reduced 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. 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 research report on Friday, September 12th. Stifel Nicolaus reduced their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Finally, Cowen reiterated a “hold” rating on shares of Adobe in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $411.88.

Adobe Trading Up 0.6%

Shares of NASDAQ:ADBE opened at $338.10 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The firm has a market cap of $141.53 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.32 and a beta of 1.53. The company’s fifty day simple moving average is $337.29 and its 200 day simple moving average is $350.56.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating 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 analysts’ expectations of $6.11 billion. During the same period last year, the business earned $4.81 earnings per share. The firm’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. As a group, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe laid out a “smarter, not louder” personalization vision at CES highlighting privacy‑aware, targeted marketing capabilities that could boost Experience Cloud adoption and recurring revenue. Smarter, Not Louder: Adobe’s Vision for Personalization at CES 2026
• Positive Sentiment: Adobe execs discussed integrating Runway and Eleven Labs with Firefly and multi‑model AI work, signaling product expansion that could increase stickiness for creative and generative‑AI workflows. Beyond Firefly: Adobe VP Allison Blais Discusses Integrating Runway, 11 Labs and the Future of Multi-Model AI
• Positive Sentiment: Adobe Analytics reports U.S. online holiday spending hit a record level, reinforcing demand for Adobe’s data products and signaling continued ecommerce activity that underpins Analytics revenue and relevance. US online holiday spending hits record levels despite slower growth, Adobe says
• Neutral Sentiment: Coverage comparing Adobe to peers highlights its strong margins and cash generation but notes competitive pressures and AI disruption—useful context for relative valuation decisions. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Opinion pieces and trending‑stock writeups (Zacks, Fool) flag Adobe as a turnaround candidate for 2026 but emphasize execution and AI roadmap as key catalysts to watch. Will This Software Stock Have a Turnaround Story In 2026
• Negative Sentiment: Analyst downgrades and recent multi‑day losses have pressured the stock; articles note a string of declines and a roughly $9B hit to market cap, keeping investor caution high. Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Some commentators list near‑term risks and recommend alternatives, highlighting valuation, AI execution risk, and recent share weakness as reasons to be cautious. 3 Reasons ADBE is Risky and 1 Stock to Buy Instead
• Negative Sentiment: Market headlines noting a sharp early‑2026 pullback in software stocks (including Adobe) add short‑term volatility risk tied to macro/AI sentiment shifts. Salesforce and Adobe Start 2026 With a 5% Plunge—Should Investors Buy or Bail?

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe 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 completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.