TD Asset Management Inc Has $125.26 Million Stake in Adobe Inc. $ADBE

TD Asset Management Inc reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 43.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 355,087 shares of the software company’s stock after selling 275,217 shares during the quarter. TD Asset Management Inc owned approximately 0.08% of Adobe worth $125,257,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after purchasing an additional 486 shares in the last quarter. United Bank increased its position in Adobe by 12.8% in the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after purchasing an additional 428 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Adobe by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Adobe during the 2nd quarter valued at about $216,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Up 1.0%

Adobe stock opened at $257.81 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. Adobe Inc. has a fifty-two week low of $244.28 and a fifty-two week high of $453.26. The firm has a fifty day moving average price of $303.45 and a two-hundred day moving average price of $329.92. The firm has a market cap of $105.83 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.00 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the company posted $4.81 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. 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, analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADBE shares. Piper Sandler downgraded Adobe from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $470.00 to $330.00 in a report on Monday, February 2nd. Wolfe Research dropped their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets downgraded shares of Adobe from an “outperform” rating to a “market perform” rating and cut their price target for the company from $400.00 to $375.00 in a report on Friday, January 9th. Wells Fargo & Company decreased their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Jefferies Financial Group cut their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $392.76.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst/coverage optimism — Zacks highlights Adobe’s expanded AI partnerships and deeper embedding of Firefly and Acrobat AI as catalysts that could revive growth after a weak period. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: Some sell-side/market commentators still see value — Piper Sandler commentary remains constructive despite a downgrade and lower target, and MarketBeat pieces frame the pullback as a potential buying opportunity in tech. Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite Concerns
• Neutral Sentiment: Options traders are targeting income/neutral strategies (e.g., short iron condor) to profit from compressed volatility after the selloff — indicates some traders expect limited near-term directional move. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Short-interest postings in the feeds show zeros/NaN and appear to be data artifacts rather than meaningful new short positions — not a reliable signal at present.
• Negative Sentiment: Downgrades and growth concerns — multiple banks cut ratings or flagged slowing revenue durability and rising AI competition, which has been a key driver of the recent multi-week selloff. Adobe Downgrades Spotlight AI Competition And Questions Around Growth Durability
• Negative Sentiment: Market narrative and competitive moves — deep-dive pieces question whether Adobe is a value opportunity or a performance trap after heavy YTD and 1-year declines; competitors (e.g., Canva acquisitions) and broader AI shifts add downside risk. How Low Can Adobe Stock Go?

Insider Activity at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company 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.