Country Trust Bank Sells 7,478 Shares of Adobe Inc. $ADBE

Country Trust Bank reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,818 shares of the software company’s stock after selling 7,478 shares during the period. Country Trust Bank’s holdings in Adobe were worth $26,039,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ADBE. LSV Asset Management boosted its position in shares of Adobe by 350.0% in the second 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. Nexus Investment Management ULC acquired a new stake in shares of Adobe in the 2nd quarter valued at $31,000. Horizon Financial Services LLC grew its position in Adobe by 4,000.0% in the second 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 valued at approximately $35,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Adobe during the 2nd quarter valued at $36,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

ADBE stock opened at $304.09 on Friday. The firm has a market cap of $127.29 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $335.36 and a 200-day moving average price of $348.11. Adobe Inc. has a 1-year low of $301.40 and a 1-year high of $465.70.

Adobe (NASDAQ:ADBE) last released 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 quarter last year, the firm posted $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. As a group, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Some commentators call ADBE oversold and flag valuation/cash-yield as a buying case — these views argue current weakness already prices in AI risk and create a longer-term opportunity. 1 Oversold Software Stock With Too Much AI Fear Priced In
• Positive Sentiment: Forbes argues Adobe’s fundamentals, cash yield and valuation could make it an attractive buy for long-term investors. Is It Time To Buy Adobe Stock?
• Neutral Sentiment: Adobe completed the Semrush acquisition to accelerate AI initiatives, but market reaction is mixed — the deal may help product roadmaps but hasn’t yet calmed monetization concerns. Cloud Stocks: For Adobe, Is The Semrush Acquisition Enough?
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, adding to bearish analyst pressure and signaling weaker analyst sentiment than the company has seen in years. Goldman Sachs Assumes Coverage of Adobe (ADBE) With Sell Rating, $290 PT
• Negative Sentiment: Heavy bearish flows: unusually large put buying (86,112 puts, ~54% above average) suggests traders are positioning for further downside. (Options flow reported 1/14/2026.)
• Negative Sentiment: Multiple headlines cite AI competition (Canva, Figma, OpenAI) and a discounted Apple creative subscription as direct threats to Adobe’s pricing and market share — amplifying selling pressure. Adobe Stock Falls as Apple Unveils Discounted Creative Software Subscription
• Negative Sentiment: Technical and sentiment-focused pieces highlight a bearish chart structure and multi‑year lows, reinforcing momentum-driven selling risk in the near term. Adobe: Bearish Structure Signals Final Leg Lower
• Negative Sentiment: Sector spillover: downgrades and weak tone in enterprise software have pressured peers and amplified downside for Adobe. Salesforce (CRM) Stock Drops Following Adobe Downgrade and Sector Weakness

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Robert W. Baird set a $350.00 price target on shares of Adobe in a research report on Wednesday. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday, December 11th. Barclays reaffirmed an “overweight” rating and set a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. Jefferies Financial Group lowered Adobe from a “buy” rating to a “hold” rating and reduced their price target for the company from $500.00 to $400.00 in a research report on Monday, January 5th. Finally, BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $400.00 to $375.00 in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $402.85.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

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.