Sei Investments Co. Sells 31,515 Shares of Adobe Inc. $ADBE

Sei Investments Co. lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 421,995 shares of the software company’s stock after selling 31,515 shares during the period. Sei Investments Co. owned about 0.10% of Adobe worth $148,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC raised its stake in Adobe by 56.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,570 shares of the software company’s stock valued at $554,000 after buying an additional 569 shares during the period. Crux Wealth Advisors grew its stake in Adobe by 7.3% in the 3rd quarter. Crux Wealth Advisors now owns 1,940 shares of the software company’s stock valued at $684,000 after buying an additional 132 shares during the last quarter. BOKF NA grew its stake in Adobe by 6.2% in the 3rd quarter. BOKF NA now owns 19,860 shares of the software company’s stock valued at $7,006,000 after buying an additional 1,155 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Adobe by 109.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,120 shares of the software company’s stock valued at $40,256,000 after acquiring an additional 59,754 shares during the period. Finally, Atika Capital Management LLC lifted its position in Adobe by 73.5% during the third quarter. Atika Capital Management LLC now owns 38,698 shares of the software company’s stock worth $13,651,000 after acquiring an additional 16,400 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $269.78 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a 52 week low of $244.28 and a 52 week high of $422.95. The stock has a market capitalization of $110.74 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The stock has a fifty day moving average of $285.56 and a 200-day moving average of $324.01.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Adobe in a research report on Monday, January 12th. They set a “sell” rating and a $290.00 price objective for the company. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Stifel Nicolaus lowered their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Wells Fargo & Company dropped their price target on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $375.96.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Beat on Q1 EPS and revenue — Adobe reported stronger-than-expected EPS and revenue for the quarter, confirming solid top-line growth. Adobe Systems (ADBE) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised FY and Q2 guidance — Adobe gave FY‑2026 EPS and revenue targets above consensus and provided Q2 EPS guidance ahead of street estimates, signaling management sees medium‑term strength. Adobe earnings / guidance details
• Neutral Sentiment: AI-driven metrics strong but early — Adobe said AI-first ARR more than tripled and subscription revenue rose, supporting strategic progress even if monetization timing is uncertain. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Healthy cash flow and margins — operating cash flow and gross profit improved, which cushions near-term concerns and supports valuation over time. QuiverQuant Q1 financials summary
• Negative Sentiment: CEO Shantanu Narayen to transition — Narayen’s decision to step down once a successor is named injected leadership uncertainty; investors worry about execution through a management change at a critical AI inflection. Shantanu Narayen Announces Decision to Transition
• Negative Sentiment: Muted near-term profit signal spooks investors — despite beats, commentary and some forward commentary were interpreted as conservative on near-term profit acceleration from AI, prompting the sell-off. Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast
• Negative Sentiment: Market skepticism and analyst moves — Adobe’s stock has underperformed YTD, some firms have trimmed targets or reiterated caution, amplifying weakness after the print. TD Cowen lowers PT on Adobe

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.