Adobe Inc. $ADBE Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 21.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,337 shares of the software company’s stock after selling 2,041 shares during the quarter. Quadrant Capital Group LLC’s holdings in Adobe were worth $2,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional raised its stake in shares of Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after acquiring an additional 11,769 shares during the period. Wright Investors Service Inc. boosted its position in shares of Adobe by 114.4% during the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after purchasing an additional 5,293 shares during the period. Federated Hermes Inc. boosted its position in shares of Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after purchasing an additional 583,275 shares during the period. Jones Financial Companies Lllp increased its holdings in Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after purchasing an additional 32,448 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after purchasing an additional 710,357 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Expanded MLB partnership positions Adobe to sell enterprise AI tools to a major sports media partner, showing commercial demand for Adobe’s AI stack and potential recurring revenue opportunities. Adobe, MLB Expand Partnership To Power AI-Driven Fan Experiences
• Positive Sentiment: Product rollouts — Adobe is pushing conversational AI editing in Photoshop and enhancements to Firefly (image editing) that could accelerate adoption and upsells across Creative Cloud. These help the company demonstrate AI-driven product-led growth. Adobe Rolls Out Smarter AI Image Editing In Photoshop And Firefly
• Neutral Sentiment: Q1 earnings preview: Street expectations show revenue in the ~\$6.2–6.3B range and heightened focus on whether AI features are driving net-new growth or simply shifting usage. Results and commentary on AI monetization will likely drive the next directional move. Adobe Q1 earnings on deck: What to expect
• Neutral Sentiment: Options market is pricing a significant post-earnings move — implied volatility suggests traders expect material earnings-driven share movement, increasing short-term trading risk/reward. Keep an eye on implied move and realized volatility after the report. Here’s How Much Adobe Stock Is Expected to Move After Earnings
• Negative Sentiment: Analyst downgrades and target cuts (TD Cowen cut its PT to \$325 from \$400 and moved to a “hold”) have pressured the stock, reflecting worries about growth deceleration and higher expectations for AI-related margin or monetization headwinds. Adobe Stock Drops As Analyst Cuts Target On Growth Concerns
• Negative Sentiment: Market narrative: coverage pieces flag an “AI disruption trade” that has driven large multi-month share declines as investors question whether generative-AI lowers prices for creative tools or boosts Adobe’s TAM — this narrative has amplified selling ahead of earnings. Adobe Q1 preview: Stock down 38% on ‘AI disruption trade’
• Negative Sentiment: Short interest rose in February to roughly 14.3M shares (~3.5% of float), increasing potential volatility and downside pressure into the print (days-to-cover ~2.9). This can exacerbate moves if sentiment deteriorates.

Adobe Price Performance

Adobe stock opened at $273.70 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52-week low of $244.28 and a 52-week high of $443.90. The firm has a market cap of $112.35 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The company’s 50 day moving average is $287.17 and its two-hundred day moving average is $324.39.

Adobe (NASDAQ:ADBE) last posted its quarterly 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. 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 company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.81 earnings per share. On average, research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group decreased their price target on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Citigroup dropped their price objective on Adobe from $387.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. TD Cowen cut their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 target price on shares of Adobe in a research note on Monday. Finally, Stifel Nicolaus lowered their target price on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $383.08.

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 stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

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.