Hillsdale Investment Management Inc. Cuts Holdings in Adobe Inc. $ADBE

Hillsdale Investment Management Inc. lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 78.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LSV Asset Management lifted its stake in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the period. Horizon Financial Services LLC raised its holdings in shares of Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new position in Adobe during the second quarter valued at approximately $35,000. Heartwood Wealth Advisors LLC purchased a new stake in Adobe in the third quarter worth approximately $35,000. Finally, Howard Hughes Medical Institute bought a new stake in Adobe in the 2nd quarter worth approximately $36,000. 81.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $246.68 on Tuesday. The company has a market capitalization of $101.26 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.02 and a beta of 1.51. Adobe Inc. has a 1-year low of $244.80 and a 1-year high of $453.26. The firm’s 50 day simple moving average is $307.24 and its two-hundred day simple moving average is $331.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) 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 firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the company posted $4.81 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the topic of several research analyst reports. Citigroup increased their price target on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Wells Fargo & Company reduced their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Barclays reissued an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. Stifel Nicolaus reduced their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $392.76.

Key Stories Impacting Adobe

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 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.