National Bank of Canada FI Sells 97,996 Shares of Adobe Inc. $ADBE

National Bank of Canada FI trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 18.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,089 shares of the software company’s stock after selling 97,996 shares during the quarter. National Bank of Canada FI’s holdings in Adobe were worth $148,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ADBE. Vanguard Group Inc. raised its holdings in shares of Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after acquiring an additional 344,816 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares in the last quarter. Norges Bank bought a new position in shares of Adobe in the second quarter worth approximately $2,029,950,000. Amundi increased its position in shares of Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Adobe by 9.4% in the third quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock valued at $1,700,850,000 after purchasing an additional 414,526 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ADBE shares. JPMorgan Chase & Co. dropped their target price on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research report on Friday. Wolfe Research decreased their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. HSBC set a $302.00 price objective on shares of Adobe in a research report on Friday, February 13th. KeyCorp cut their target price on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Stifel Nicolaus reduced their target price on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $346.42.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a strategic partnership with NVIDIA to accelerate the next generation of Firefly models, agentic workflows and cloud‑native creative/marketing tools — this boosts Adobe’s access to accelerated compute and Nvidia’s model/tooling ecosystem, strengthening its AI roadmap and product moat. Adobe and NVIDIA partnership
• Positive Sentiment: Unusually large call‑option buying (roughly 69.6k calls) indicates some investors are positioning for an upside move or event‑driven recovery, a bullish signal from derivatives markets.
• Neutral Sentiment: CEO transition: long‑time CEO Shantanu Narayen plans to step down but will remain board chair during a phased exit — this introduces succession risk and uncertainty but may be orderly if the handoff is managed. CEO succession coverage
• Neutral Sentiment: Fundamentals remain solid: Adobe posted a clean Q1 beat (revenue and EPS ahead, strong ARR and cash flow) and set FY guidance — supportive longer‑term but currently overshadowed by near‑term risk factors.
• Negative Sentiment: Legal/regulatory hit — Adobe agreed to a $150M settlement with the DOJ over subscription cancellation disclosures, creating a direct cash cost and reputational/legal risk. DOJ settlement
• Negative Sentiment: San Jose settlement: the company faces a $75M fine plus $75M in free services to customers over alleged subscription practices — additional financial and PR headwind at the local level. San Jose settlement
• Negative Sentiment: Analyst pressure: multiple firms have trimmed price targets and ratings, reflecting increased uncertainty around growth/valuation amid leadership changes — this can amplify selling.
• Negative Sentiment: Rising bearish interest: reported growth in short interest (recent increase noted) and sector skepticism about which software names will win in an AI‑driven market add downside risk. Short interest report

Adobe Stock Up 1.0%

Shares of NASDAQ ADBE opened at $251.86 on Tuesday. The stock has a market capitalization of $103.39 billion, a P/E ratio of 14.67, a PEG ratio of 0.98 and a beta of 1.53. Adobe Inc. has a one year low of $244.28 and a one year high of $422.95. The firm’s 50 day simple moving average is $282.29 and its two-hundred day simple moving average is $322.04. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business posted $5.08 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’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 completion of the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently 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.