State of Alaska Department of Revenue Sells 2,341 Shares of Adobe Inc. $ADBE

State of Alaska Department of Revenue lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,466 shares of the software company’s stock after selling 2,341 shares during the period. State of Alaska Department of Revenue’s holdings in Adobe were worth $20,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADBE. Riverbend Wealth Management LLC grew its stake in Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after acquiring an additional 29 shares during the period. FSM Wealth Advisors LLC boosted its stake in shares of Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after buying an additional 30 shares during the last quarter. Intellus Advisors LLC grew its stake in Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after purchasing an additional 30 shares during the period. Capital Advisory Group Advisory Services LLC increased its holdings in Adobe by 2.2% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock worth $558,000 after buying an additional 31 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in shares of Adobe by 44.9% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Adobe Stock Up 0.3%

ADBE opened at $339.04 on Friday. The firm has a market capitalization of $141.92 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.33 and a beta of 1.53. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. The company has a fifty day moving average price of $337.28 and a 200-day moving average price of $350.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic AI partnership — Adobe expanded its Firefly video and multimodal capabilities by naming Runway a multi‑year preferred API creativity partner, which gives Adobe customers early access to Runway’s video models and strengthens its AI content stack. Adobe (ADBE) Partners With Runway to Expand Firefly AI Video Tools
• Positive Sentiment: CES/product positioning — Coverage from the LA Times highlights Adobe executives outlining personalization and multi‑model AI integrations (Runway, 11 Labs) at CES, reinforcing Adobe’s product roadmap and AI narrative that investors reward over the long term. Smarter, Not Louder: Adobe’s Vision for Personalization at CES 2026
• Positive Sentiment: Analyst bullish view — A Seeking Alpha piece upgraded its stance on Adobe, arguing the company is an “unloved compounder,” which can attract value‑oriented and long‑term growth investors. Adobe: I’m Pounding The Table On This Unloved Compounder (Rating Upgrade)
• Neutral Sentiment: Holiday commerce data — Adobe Analytics reported U.S. online holiday spending set a record despite slower growth; this supports Adobe’s analytics/data franchise but is mixed for near‑term revenue/margin interpretation. US online holiday spending hits record levels despite slower growth, Adobe says
• Neutral Sentiment: Market/coverage roundup — A 24/7 Wall St. analyst calls bulletin and several financial outlets (Zacks, Forbes) are debating whether ADBE is a value buy or a turnaround candidate; these pieces raise investor interest but don’t move fundamentals immediately. Here Are Friday’s Top Wall Street Analyst Research Calls
• Negative Sentiment: Analyst downgrade — BMO’s Keith Bachman lowered his rating to Market Perform citing rising competitive pressures despite solid fundamentals; analyst downgrades can trigger selling and reduce short‑term momentum. Adobe: Solid Fundamentals but Rising Competitive Pressures Justify Market Perform Rating
• Negative Sentiment: Critiques on growth and valuation — Several opinion pieces argue Adobe underperformed the 2025 AI rally (down ~20% YTD vs peers) and frame it as a deep‑value/turnaround story, which signals investor skepticism about near‑term growth and competitive risk. 2 Beaten Down Tech Stocks Primed for a 2026 Rebound
• Negative Sentiment: Negative investment thesis pieces — A Seeking Alpha deep‑value critique highlights continued headwinds and competition, reinforcing sell‑side caution and adding to downward pressure. Adobe Cannot Catch A Break – Deep-Value AI Thesis

Analyst Ratings Changes

ADBE has been the topic of a number of research reports. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Wells Fargo & Company dropped their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Mizuho dropped their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Finally, Evercore ISI cut their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus target price of $410.92.

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.