Adobe Inc. $ADBE Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,417,363 shares of the software company’s stock after selling 119,683 shares during the period. Aristotle Capital Management LLC’s holdings in Adobe were worth $852,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $28,000 after buying an additional 56 shares in the last quarter. Caitlin John LLC bought a new position in shares of Adobe in the third quarter valued at $28,000. Horizon Financial Services LLC lifted its position in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Adobe during the 2nd quarter worth $35,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Adobe during the 2nd quarter worth $36,000. 81.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Adobe Stock Performance

Shares of ADBE stock opened at $249.32 on Friday. The company has a market capitalization of $102.35 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.98 and a beta of 1.53. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $422.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $283.88 and its 200-day simple moving average is $323.00.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.23% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business earned $5.08 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group cut their target price on Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a research report on Friday. DA Davidson set a $300.00 price target on Adobe in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday. The Goldman Sachs Group set a $220.00 price objective on shares of Adobe and gave the company a “sell” rating in a research note on Friday. Finally, Jefferies Financial Group decreased their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $347.85.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

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.