Madison Asset Management LLC Decreases Stock Holdings in Adobe Inc. $ADBE

Madison Asset Management LLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 54.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,608 shares of the software company’s stock after selling 31,514 shares during the quarter. Madison Asset Management LLC’s holdings in Adobe were worth $9,386,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vision Financial Markets LLC lifted its holdings in Adobe by 7.6% in the 3rd quarter. Vision Financial Markets LLC now owns 2,129 shares of the software company’s stock worth $751,000 after buying an additional 150 shares during the period. Signet Investment Advisory Group Inc. raised its holdings in shares of Adobe by 8.6% during the third quarter. Signet Investment Advisory Group Inc. now owns 10,648 shares of the software company’s stock valued at $3,756,000 after acquiring an additional 839 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Adobe by 3.3% in the third quarter. Stratos Wealth Partners LTD. now owns 7,332 shares of the software company’s stock worth $2,586,000 after acquiring an additional 232 shares during the period. Stratos Investment Management LLC boosted its holdings in Adobe by 2.9% in the third quarter. Stratos Investment Management LLC now owns 18,205 shares of the software company’s stock valued at $6,422,000 after acquiring an additional 519 shares in the last quarter. Finally, Liberty Capital Management Inc. increased its position in Adobe by 20.4% during the 3rd quarter. Liberty Capital Management Inc. now owns 4,990 shares of the software company’s stock valued at $1,760,000 after purchasing an additional 847 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Trading Down 2.8%

Shares of ADBE stock opened at $257.16 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $105.56 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.04 and a beta of 1.51. Adobe Inc. has a 1 year low of $255.71 and a 1 year high of $465.70. The firm has a fifty day moving average price of $320.86 and a 200-day moving average price of $336.36.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, equities analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ADBE. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday, December 11th. UBS Group reduced their price target on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Mizuho lowered their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. TD Cowen cut their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Barclays reissued an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $401.13.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Multiple analysts and valuation screens flag ADBE as attractively valued or a buy-after-pullback, arguing AI disruption fears are overblown and positioning Adobe as a long-term growth/value play. Here Are The Most Overvalued And Undervalued U.S. Tech Stocks
• Positive Sentiment: Zacks highlights Adobe as a strong growth and long-term value candidate, which supports the case some investors are using the sell-off to add exposure. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Positive Sentiment: Strategists and commentators say the recent software pullback could be a buying opportunity; JP Morgan and others view the sell-off as overdone relative to fundamentals. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Columnists argue Adobe is “too cheap to ignore” and expect AI-related fears to be overstated, which may attract value-oriented buyers. Adobe: Too Cheap To Ignore, AI Fears Overblown
• Positive Sentiment: Barron’s and others point to heavy short interest across software names and the potential for a short-squeeze rally, which could boost Adobe if sentiment stabilizes. Software Stocks Look Primed for a Short Squeeze
• Positive Sentiment: Several bullish takes argue Adobe could bounce from multi-year lows as investors rotate back into higher-quality software names. Adobe: Bullish On A Bounce Back From Multi-Year Lows
• Neutral Sentiment: Market breadth and a modest Nasdaq rebound improved sentiment for software stocks generally, which could help Adobe if the sector rally continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Neutral Sentiment: Reported short-interest figures in the feed are inconsistent/zeroed (showing 0 shares and NaN changes), so they don’t provide a reliable signal about positioning in ADBE right now.
• Negative Sentiment: Adobe faces a new class-action claim alleging it used pirated books to train AI models — this raises legal and reputational risk that investors are pricing in. Class Suit Accuses Adobe of Using Pirated Books to Train AI Models
• Negative Sentiment: Headline coverage points out Adobe fell more than the broader market during the latest sell-off, contributing to downside momentum and stop-loss activity. Adobe Systems (ADBE) Falls More Steeply Than Broader Market
• Negative Sentiment: Pieces highlighting “FOBO” and sector rotation note Adobe and peers have been beaten by defensive/consumer names, reinforcing short-term selling pressure. FOBO (Not FOMO) Hits Tech Heavy Portfolios Hard; Tech Stocks Adobe, Salesforce Beaten By Walmart, Hershey

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the firm’s 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 transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is owned by corporate 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.