CIBC Private Wealth Group LLC Decreases Holdings in Adobe Inc. $ADBE

CIBC Private Wealth Group LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 30.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 605,610 shares of the software company’s stock after selling 269,579 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.14% of Adobe worth $213,629,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Prana Capital Management LP acquired a new position in shares of Adobe during the third quarter worth about $885,000. Achmea Investment Management B.V. grew its stake in shares of Adobe by 57.9% in the third quarter. Achmea Investment Management B.V. now owns 68,431 shares of the software company’s stock valued at $24,139,000 after buying an additional 25,087 shares in the last quarter. Kensington Investment Counsel LLC raised its holdings in shares of Adobe by 2.4% during the 3rd quarter. Kensington Investment Counsel LLC now owns 1,904 shares of the software company’s stock valued at $672,000 after buying an additional 44 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Adobe by 89.1% during the 3rd quarter. Centaurus Financial Inc. now owns 8,475 shares of the software company’s stock valued at $2,989,000 after buying an additional 3,993 shares during the period. Finally, Caerus Investment Advisors LLC acquired a new position in Adobe during the 3rd quarter worth approximately $1,267,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

ADBE stock opened at $254.20 on Wednesday. The stock’s 50 day moving average is $280.65 and its two-hundred day moving average is $321.32. Adobe Inc. has a 52-week low of $244.28 and a 52-week high of $422.95. The company has a market capitalization of $104.35 billion, a PE ratio of 14.80, a P/E/G ratio of 0.99 and a beta of 1.53. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the business posted $5.08 EPS. The business’s revenue 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. Analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic AI tie-up with NVIDIA to accelerate next‑gen Firefly models and agentic creative/marketing workflows — strengthens Adobe’s product moat for creative and marketing customers and signals better performance scaling on NVIDIA accelerated cloud infrastructure. Adobe and NVIDIA press release
• Positive Sentiment: Q1 beat and continued strong fundamentals: Adobe reported revenue up ~12% with an EPS beat and reiterated FY‑26 guidance, supporting longer‑term cash flow and AI‑first ARR growth. Earnings beat coverage
• Positive Sentiment: Elevated bullish options flow and large call buying suggests some traders expect near‑term upside. Options Corner video
• Neutral Sentiment: Value/buy‑the‑dip narratives are emerging (low single‑digit P/E talk and buy‑on‑dip analyses), which could attract value investors if uncertainty stabilizes. Fool: Is it time to buy?
• Neutral Sentiment: CEO Shantanu Narayen announced a phased exit; he will remain on the board which may reduce immediate succession shock but adds near‑term governance and execution uncertainty. MarketBeat: CEO transition
• Negative Sentiment: Regulatory/legal hit: Adobe agreed to settle claims over its cancellation/subscription terms for roughly $150M, a near‑term cash cost and reputational headwind. DOJ settlement coverage
• Negative Sentiment: Analyst cuts and downgrades: multiple firms have trimmed price targets and ratings in the last 48 hours, increasing near‑term selling pressure and lowering consensus upside. Analyst action roundup
• Negative Sentiment: Sector/AI disruption concerns: analysts and commentators warn that AI could weaken seat‑based pricing in creative workflows, making Adobe relatively more exposed versus usage‑based software peers. Fool: S&P 500 update
• Negative Sentiment: Rising short interest reports and broader bearish commentary suggest some investors are positioning for further downside while leadership and strategy questions remain unresolved. Short interest report

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Sanford C. Bernstein set a $447.00 price target on Adobe and gave the stock an “outperform” rating in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Monday, March 9th. Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $335.00 to $275.00 in a research report on Friday, March 13th. Piper Sandler lowered their price target on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, UBS Group dropped their price target on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $346.42.

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.