Richard Bernstein Advisors LLC Sells 2,705 Shares of Adobe Inc. $ADBE

Richard Bernstein Advisors LLC trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 54.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,229 shares of the software company’s stock after selling 2,705 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Adobe were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Winthrop Capital Management LLC raised its holdings in shares of Adobe by 29.6% in the third quarter. Winthrop Capital Management LLC now owns 722 shares of the software company’s stock valued at $255,000 after acquiring an additional 165 shares in the last quarter. Capital International Inc. CA grew its holdings in Adobe by 30.9% during the 3rd quarter. Capital International Inc. CA now owns 15,879 shares of the software company’s stock worth $5,601,000 after acquiring an additional 3,752 shares in the last quarter. Legal & General Group Plc grew its holdings in Adobe by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 3,142,035 shares of the software company’s stock worth $1,108,353,000 after acquiring an additional 48,578 shares in the last quarter. Pinkerton Wealth LLC increased its position in Adobe by 24.3% during the 3rd quarter. Pinkerton Wealth LLC now owns 8,903 shares of the software company’s stock valued at $3,141,000 after purchasing an additional 1,743 shares during the period. Finally, Vestcor Inc increased its position in Adobe by 30.1% during the 3rd quarter. Vestcor Inc now owns 19,135 shares of the software company’s stock valued at $6,750,000 after purchasing an additional 4,430 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of several research reports. Wolfe Research lowered their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research note on Wednesday, January 14th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group dropped their target price on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Finally, Barclays cut their price target on Adobe from $415.00 to $335.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $383.08.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched conversational AI editing in Photoshop and smarter Firefly image‑editing tools (public beta), enhancing product differentiation and upsell potential for Creative Cloud customers. Read More.
• Positive Sentiment: Adobe expanded its MLB partnership to deliver AI‑driven fan experiences — a commercial reference point that can help sell Adobe Experience Cloud and related services to large brands. Read More.
• Neutral Sentiment: Market focus on Q1 results (reporting March 12) is raising volatility — options traders expect a sizeable move and several earnings previews highlight that revenue/EPS beats or a cautious guide could swing the stock either way. Read More.
• Negative Sentiment: Multiple analysts trimmed targets and tone: TD Cowen cut its PT to $325 (hold) and Citigroup reduced its target as well — analyst downgrades are weighing on sentiment and were cited as a near‑term catalyst for the selloff. Read More.
• Negative Sentiment: Short interest rose in February to ~14.3M shares (about 3.5% of shares outstanding, ~2.9 days to cover) — higher short exposure increases downside pressure and volatility into earnings. (Data reported in market notices.)
• Negative Sentiment: Emerging competitors and open‑source AI initiatives (e.g., Veeso, Nvidia’s NemoClaw) highlight intensifying competition in AI‑driven design tools, which could pressure growth assumptions if Adobe’s commercial traction lags. Read More. and Read More.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The stock was 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 in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Adobe Trading Down 2.6%

NASDAQ ADBE opened at $275.13 on Wednesday. The company has a fifty day simple moving average of $288.69 and a two-hundred day simple moving average of $324.75. Adobe Inc. has a 12-month low of $244.28 and a 12-month high of $443.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market cap of $112.94 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.11 and a beta of 1.53.

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 for 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 for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.81 EPS. On average, analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

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.