Tower Bridge Advisors Sells 9,867 Shares of Adobe Inc. $ADBE

Tower Bridge Advisors cut its position in Adobe Inc. (NASDAQ:ADBE) by 84.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,865 shares of the software company’s stock after selling 9,867 shares during the quarter. Tower Bridge Advisors’ holdings in Adobe were worth $658,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADBE. CX Institutional boosted its holdings in shares of Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after purchasing an additional 11,769 shares in the last quarter. Wright Investors Service Inc. lifted its position in Adobe by 114.4% in the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock valued at $3,499,000 after purchasing an additional 5,293 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Adobe by 185.1% during the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after purchasing an additional 583,275 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Adobe by 43.8% in the third quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after purchasing an additional 32,448 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Adobe in the third quarter worth $24,904,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $400.00 to $375.00 in a report on Friday, January 9th. Oppenheimer cut shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Citigroup upped their price objective on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings upgraded shares of Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $389.56.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This 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 this hyperlink. 0.16% of the stock is owned by corporate insiders.

Adobe Stock Performance

NASDAQ:ADBE opened at $273.12 on Thursday. The stock has a market capitalization of $112.12 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.07 and a beta of 1.53. 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 $244.28 and a 12-month high of $453.26. The stock has a 50-day moving average price of $294.48 and a 200 day moving average price of $327.12.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.81 EPS. 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 forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Renewed optimism that Adobe’s Firefly-powered creative tools and enterprise AI momentum make it an AI-era incumbent, boosting investor sentiment ahead of the March 12 earnings catalyst. Why Adobe (ADBE) Is Up 5.1% After Renewed AI Optimism Ahead Of March 12 Earnings
• Positive Sentiment: Reports that famed contrarian Michael Burry has taken a new long position in ADBE are drawing attention and likely attracting momentum buyers and other value-seeking investors. Big Short Investor Michael Burry Opens New Position in Adobe Stock (ADBE)
• Positive Sentiment: Analysts and commentators note Adobe reported record quarterly revenue (~$6.2B, +10% YoY) and has been active with share repurchases — fundamentals that support upside if growth and margins hold. 1 Oversold Growth Stock to Buy Before It Rebounds
• Positive Sentiment: Company positioning and a recent partnership (WPP) around agentic AI workflows and enterprise go‑to‑market efforts have been highlighted as proof Adobe can monetize AI in its enterprise stack. That partnership news is supporting a pre‑earnings relief rally. Adobe shares climb as investors position ahead of March 12 earnings and recent AI-focused enterprise momentum
• Neutral Sentiment: Adobe confirmed it will report fiscal Q1 2026 results after the close on March 12 — a near‑term catalyst that increases event-driven trading and volatility. Adobe (ADBE) to Release Earnings on Thursday
• Neutral Sentiment: Coverage pieces are debating whether ADBE is now a bargain after the pullback; this mixed analyst/commentary flow can encourage both bargain hunters and caution among momentum funds. Adobe stock: is it a bargain ahead of earnings?
• Negative Sentiment: Several brokers have trimmed price targets recently (Jefferies, HSBC), lowering upside expectations and keeping pressure on the stock despite mixed ratings — a headwind for a sustained recovery. Jefferies and HSBC Cut Adobe Inc. (ADBE) Price Targets
• Negative Sentiment: Barclays lowered its price target (from $415 to $335) even while keeping an overweight stance — an example of analyst caution that can limit upside and keep headline risk elevated. Adobe had its price target lowered by Barclays PLC from $415.00 to $335.00

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.