Stephens Inc. AR Has $9.70 Million Stake in Adobe Inc. $ADBE

Stephens Inc. AR lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 32.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,501 shares of the software company’s stock after selling 13,412 shares during the period. Stephens Inc. AR’s holdings in Adobe were worth $9,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CX Institutional raised its position in Adobe by 72.9% in the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after purchasing an additional 11,769 shares in the last quarter. Lathrop Investment Management Co. grew its stake in shares of Adobe by 2.8% in the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after purchasing an additional 718 shares during the period. Mcdaniel Terry & Co. raised its holdings in shares of Adobe by 2.8% in the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after buying an additional 1,093 shares in the last quarter. SteelPeak Wealth LLC lifted its position in shares of Adobe by 16.1% during the 3rd quarter. SteelPeak Wealth LLC now owns 29,055 shares of the software company’s stock worth $10,249,000 after buying an additional 4,021 shares during the period. Finally, Svenska Handelsbanken AB publ acquired a new stake in Adobe in the 3rd quarter valued at $34,922,000. Institutional investors own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Forbes published a bullish take highlighting Adobe’s cash generation, attractive valuation and potential shareholder returns (buybacks/dividends) as reasons the stock could be a longer-term opportunity. Is It Time To Buy Adobe Stock?
• Neutral Sentiment: Adobe’s recent acquisition of Semrush is being pitched as an AI/marketing growth bolt-on, but markets remain unconvinced that it meaningfully changes Adobe’s near-term monetization trajectory. Cloud Stocks: For Adobe, Is The Semrush Acquisition Enough?
• Negative Sentiment: Goldman Sachs assumed coverage and started Adobe with a Sell rating and $290 price target — adding fresh, high-profile analyst pessimism that pressures sentiment and can trigger selling. Goldman Sachs Assumes Coverage of Adobe (ADBE) With Sell Rating, $290 PT
• Negative Sentiment: Oppenheimer and other recent downgrades, plus the most pessimistic analyst outlook in years, have driven a selloff that pushed ADBE to 52‑week lows — amplifying downside risk as momentum funds and technical traders react. Adobe Stock Drops as The Most Pessimistic Analyst Forecast Since 2013 Hits ADBE Shares
• Negative Sentiment: Competition from AI entrants and big tech is escalating: Apple launched a discounted creative subscription and rivals like Canva, Figma and OpenAI are cited as threats to Adobe’s pricing and growth. This competitive narrative is a primary driver of the decline. Adobe Stock Falls as Apple Unveils Discounted Creative Software Subscription
• Negative Sentiment: Unusual options activity: traders bought ~86,112 put contracts (about +54% vs. average), indicating elevated hedging or directional bearish bets that can accelerate downside in a weak market. (Options volume report)
• Negative Sentiment: Technical and sentiment analysis call for further downside: chart watchers note broken support and a possible “final leg lower,” while commentary pieces warn of a broader confidence crisis in 2026 — both amplify risk aversion among momentum and retail traders. Why Adobe (ADBE) Could Face a Confidence Crisis in 2026

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe 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 sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $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 can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADBE shares. Stifel Nicolaus cut their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Wells Fargo & Company dropped their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Wolfe Research decreased their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Adobe currently has an average rating of “Hold” and a consensus target price of $402.85.

Adobe Price Performance

ADBE opened at $304.44 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock has a market capitalization of $127.44 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The company’s 50 day simple moving average is $335.83 and its 200-day simple moving average is $348.42. Adobe Inc. has a one year low of $302.47 and a one year high of $465.70.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.