TCV Trust & Wealth Management Inc. Sells 2,298 Shares of Adobe Inc. $ADBE

TCV Trust & Wealth Management Inc. decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,749 shares of the software company’s stock after selling 2,298 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Adobe were worth $9,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADBE. LSV Asset Management increased its position 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 acquiring an additional 56 shares during the period. Flaharty Asset Management LLC bought a new stake in Adobe in the 1st quarter valued at about $29,000. Nexus Investment Management ULC bought a new stake in Adobe in the 2nd quarter valued at about $31,000. Horizon Financial Services LLC grew 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 worth $32,000 after purchasing an additional 80 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in shares of Adobe in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe laid out a “smarter, not louder” personalization vision at CES highlighting privacy‑aware, targeted marketing capabilities that could boost Experience Cloud adoption and recurring revenue. Smarter, Not Louder: Adobe’s Vision for Personalization at CES 2026
• Positive Sentiment: Adobe execs discussed integrating Runway and Eleven Labs with Firefly and multi‑model AI work, signaling product expansion that could increase stickiness for creative and generative‑AI workflows. Beyond Firefly: Adobe VP Allison Blais Discusses Integrating Runway, 11 Labs and the Future of Multi-Model AI
• Positive Sentiment: Adobe Analytics reports U.S. online holiday spending hit a record level, reinforcing demand for Adobe’s data products and signaling continued ecommerce activity that underpins Analytics revenue and relevance. US online holiday spending hits record levels despite slower growth, Adobe says
• Neutral Sentiment: Coverage comparing Adobe to peers highlights its strong margins and cash generation but notes competitive pressures and AI disruption—useful context for relative valuation decisions. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Opinion pieces and trending‑stock writeups (Zacks, Fool) flag Adobe as a turnaround candidate for 2026 but emphasize execution and AI roadmap as key catalysts to watch. Will This Software Stock Have a Turnaround Story In 2026
• Negative Sentiment: Analyst downgrades and recent multi‑day losses have pressured the stock; articles note a string of declines and a roughly $9B hit to market cap, keeping investor caution high. Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Some commentators list near‑term risks and recommend alternatives, highlighting valuation, AI execution risk, and recent share weakness as reasons to be cautious. 3 Reasons ADBE is Risky and 1 Stock to Buy Instead
• Negative Sentiment: Market headlines noting a sharp early‑2026 pullback in software stocks (including Adobe) add short‑term volatility risk tied to macro/AI sentiment shifts. Salesforce and Adobe Start 2026 With a 5% Plunge—Should Investors Buy or Bail?

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Adobe Stock Performance

Adobe stock opened at $338.10 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market cap of $141.53 billion, a PE ratio of 20.23, a P/E/G ratio of 1.32 and a beta of 1.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The business’s 50-day moving average price is $337.29 and its two-hundred day moving average price is $350.56.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The firm 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 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 earnings per share. 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, analysts expect 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 recently issued reports on ADBE shares. Oppenheimer reduced their price target on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and cut their target price for the company from $500.00 to $400.00 in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. Finally, Cowen reiterated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $411.88.

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.