Stevens Capital Management LP Decreases Stock Position in Adobe Inc. $ADBE

Stevens Capital Management LP decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 37.8% during the third quarter, Holdings Channel.com reports. The fund owned 8,220 shares of the software company’s stock after selling 4,991 shares during the period. Stevens Capital Management LP’s holdings in Adobe were worth $2,900,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADBE. LSV Asset Management grew its position in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the last quarter. Horizon Financial Services LLC raised its holdings in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Adobe during the second quarter worth $35,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Adobe during the third quarter worth $35,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Adobe during the second quarter valued at $36,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 0.2%

Shares of NASDAQ:ADBE opened at $258.61 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $251.10 and a 12-month high of $453.75. The business has a 50 day moving average of $309.33 and a two-hundred day moving average of $331.82. The company has a market capitalization of $106.16 billion, a PE ratio of 15.48, a PEG ratio of 1.02 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter last year, the company earned $4.81 EPS. The business’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, analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction 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 transaction, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s results and forward guidance remain supportive: the company beat recent estimates, delivered strong margins and set FY26 and Q1 guidance that suggests continued cash generation and profit resilience. Reasons Why Adobe (ADBE) Offers Such Impressive Upside
• Positive Sentiment: Broader sector relief after upbeat AI-related results at other software firms (RingCentral, Five9) reduces “AI will kill SaaS” fear — a tailwind for Adobe if investors re-appraise AI as demand-enhancing rather than disruptive. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Figma’s strong results and Anthropic integration highlight accelerating AI adoption in design workflows — this validates the market opportunity for AI-enabled tools but also raises competitive dynamics Adobe must navigate. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script (ADBE)
• Neutral Sentiment: Several valuation and review pieces are re-focusing investor attention on Adobe’s multiples and long-term returns — helpful for longer-term thesis but not dispositive for near-term price moves. Assessing Adobe’s Valuation As Recent Share Performance Brings The Stock Back Into Focus
• Neutral Sentiment: Third‑party reviews mention Adobe alongside other software names; useful context but unlikely to move the stock on its own. Reviewing Rand Worldwide (OTCMKTS:RWWI) and Adobe (NASDAQ:ADBE)
• Neutral Sentiment: Reported short‑interest data appears inconsistent (published figures show zero shares), suggesting the short‑interest readings may be a data glitch and should be treated cautiously.
• Negative Sentiment: Unusually large put‑option activity: traders bought ~188,902 puts (a ~248% jump vs. typical daily put volume), signaling elevated hedging or outright bearish positioning that can add to downward pressure.
• Negative Sentiment: Analyst caution and recent downgrades / cautious commentary have crept into coverage as Adobe trades nearer its multi‑month lows, which can amplify selling if sentiment deteriorates. Why Wall Street Is Turning Cautious on Adobe Inc. (ADBE)

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADBE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Piper Sandler cut Adobe from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $470.00 to $330.00 in a research note on Monday, February 2nd. Wolfe Research decreased their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Robert W. Baird set a $350.00 price target on shares of Adobe in a report on Wednesday, January 14th. Finally, Mizuho reduced their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $397.16.

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.