M&T Bank Corp Trims Stock Position in Adobe Inc. $ADBE

M&T Bank Corp trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 13.9% in the third quarter, Holdings Channel reports. The fund owned 104,397 shares of the software company’s stock after selling 16,913 shares during the period. M&T Bank Corp’s holdings in Adobe were worth $36,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ADBE. Vanguard Group Inc. raised its stake in shares of Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after purchasing an additional 344,816 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after buying an additional 1,952,994 shares during the last quarter. Norges Bank acquired a new position in Adobe in the 2nd quarter valued at $2,029,950,000. Invesco Ltd. raised its position in Adobe by 9.4% during the 3rd quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock worth $1,700,850,000 after buying an additional 414,526 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Adobe by 1.6% in 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 during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Down 7.6%

Adobe stock opened at $249.32 on Friday. Adobe Inc. has a fifty-two week low of $244.28 and a fifty-two week high of $422.95. The firm has a market capitalization of $102.35 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. The stock’s fifty day moving average is $283.88 and its two-hundred day moving average is $323.22. 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 (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.23% and a net margin of 29.48%.The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADBE. Citigroup lowered their target price on shares of Adobe from $387.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. KeyCorp reduced their price objective on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Sanford C. Bernstein set a $447.00 target price on Adobe and gave the stock an “outperform” rating in a research report on Friday. Finally, Jefferies Financial Group cut their target price on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $347.85.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Adobe 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.