Adobe Inc. $ADBE Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 6.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,260 shares of the software company’s stock after selling 2,105 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Adobe were worth $10,674,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ADBE. CX Institutional grew its stake in Adobe by 72.9% during the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after purchasing an additional 11,769 shares during the last quarter. Wright Investors Service Inc. grew its stake in shares of Adobe by 114.4% during the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after purchasing an additional 5,293 shares during the period. Lathrop Investment Management Co. increased its holdings in Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after buying an additional 718 shares in the last quarter. Mcdaniel Terry & Co. increased its stake 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 valued at $15,284,000 after purchasing an additional 1,093 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its position in shares of Adobe by 16.1% in the third quarter. SteelPeak Wealth LLC now owns 29,055 shares of the software company’s stock valued at $10,249,000 after buying an additional 4,021 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Trading Down 1.9%

ADBE opened at $290.37 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a one year low of $288.33 and a one year high of $465.70. The business’s 50-day simple moving average is $333.24 and its 200-day simple moving average is $345.73. The company has a market cap of $119.20 billion, a P/E ratio of 17.38, a PEG ratio of 1.17 and a beta of 1.53.

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

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe added new AI tools to Premiere Pro and After Effects and updated Firefly, expanding content-generation and workflow automation that should strengthen its creative-suite moat. Adobe adds AI tools to Premiere, After Effects and updates to Firefly
• Positive Sentiment: Major Premiere and After Effects updates aim to streamline advanced video-editing workflows with new tools and AI — a direct product improvement that can drive subscription retention and upsells in Creative Cloud. Major Adobe Premiere and After Effects update streamlines advanced video editing workflows with new tools and AI
• Positive Sentiment: Adobe unveiled AI-powered video-editing features for Premiere (automation, generative assists) that reinforce product differentiation versus competitors and support future revenue growth from pro video users. Adobe unveils new AI-powered video editing tools for Premiere
• Positive Sentiment: Adobe pledged $10 million to a film & TV fund and formed a content partnership with creator Amelia Dimoldenberg — a strategic move to grow content partnerships and real-world demand for Adobe tools. Adobe Pledges $10 Million to Film and TV Fund, Partners With Amelia Dimoldenberg
• Neutral Sentiment: Some analysts and outlets frame the sell-off as a buying opportunity, calling ADBE a “huge AI bargain” after the drop — highlights valuation upside but reflects differing views on AI risk. Adobe Stock Looks Like a Huge AI Bargain After a Nosedive. Should You Buy?
• Neutral Sentiment: Coverage questioning whether AI has “killed” Adobe highlights structural risk to pricing models and growth assumptions, but also notes potential recovery paths and continued analyst support. Has AI Killed Adobe For Good?
• Negative Sentiment: Headline flow shows the stock trading lower for multiple sessions, signaling short-term momentum pressure and trader-driven selling that can amplify moves independent of fundamentals. Adobe trades in red for the seventh straight session
• Negative Sentiment: Coverage noting ADBE “plummets into deep-value territory” emphasizes the magnitude of the decline and may reinforce bearish sentiment among momentum traders. Adobe Stock (ADBE) Plummets Into Deep-Value Territory
• Negative Sentiment: Consumer-focused pieces suggesting alternatives to Acrobat for PDF editing point to competitive and pricing pressure in lower-end workflows that could modestly affect Acrobat subscription growth over time. Ditch Adobe Acrobat’s monthly fee for a PDF editor you own for life

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Cowen reduced their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Morgan Stanley reduced their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and decreased their price objective for the company from $500.00 to $400.00 in a report on Monday, January 5th. Oppenheimer cut shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. Finally, Robert W. Baird set a $350.00 price target on Adobe in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $402.85.

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.