Wilmington Savings Fund Society FSB Sells 2,130 Shares of Adobe Inc. $ADBE

Wilmington Savings Fund Society FSB decreased its position in Adobe Inc. (NASDAQ:ADBE) by 47.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,367 shares of the software company’s stock after selling 2,130 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Adobe were worth $835,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after purchasing an additional 344,816 shares in the last quarter. State Street Corp raised its stake in shares of Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after buying an additional 352,448 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after acquiring an additional 1,952,994 shares during the period. Norges Bank acquired a new stake in shares of Adobe during the 2nd quarter valued at about $2,029,950,000. Finally, Amundi increased its stake in Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after acquiring an additional 742,646 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Down 0.0%

Shares of ADBE opened at $245.99 on Friday. The company has a market capitalization of $100.98 billion, a P/E ratio of 14.33, a PEG ratio of 0.97 and a beta of 1.53. Adobe Inc. has a one year low of $244.27 and a one year high of $422.95. The business’s 50 day simple moving average is $276.95 and its 200-day simple moving average is $320.28. 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 issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm 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 64.48% and a net margin of 29.48%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strong Q1 results: Adobe beat revenue and EPS expectations and management highlighted AI-driven adoption, rising monthly active users and recurring revenue growth — positive for medium-term monetization and cash flow. 5 Must-Read Analyst Questions From Adobe’s Q1 Earnings Call
• Positive Sentiment: NVIDIA partnership boosts AI roadmap: Adobe is partnering with NVIDIA to accelerate Firefly and AI workflows — this strengthens Adobe’s product-led AI positioning and enterprise appeal. Adobe Taps NVIDIA for AI
• Positive Sentiment: High‑profile commercial win: Adobe expanded a multi‑year partnership with Major League Baseball to use AI-enabled creative and marketing tools — a visible enterprise reference that supports cross‑sell and brand reach. Adobe’s MLB Deal Puts AI Tools To The Test At Scale
• Neutral Sentiment: Debate over long-term monetization and disclosures: Analysts and commentators are split — some argue bears are overpricing disruption while others worry switch from Digital Media ARR to Total ARR obscures growth. This generates mixed analyst views rather than a clear directional catalyst. Seeking Alpha: Bears Are Pricing In Disruption
• Negative Sentiment: CEO transition creates uncertainty: Longtime CEO Shantanu Narayen announced plans to step down, a development investors view as increasing leadership risk and prompting reassessment of strategic execution. Assessing Adobe Valuation As CEO Transition And AI Concerns Pressure Sentiment
• Negative Sentiment: UK antitrust probe and consumer remediation: Britain’s Competition & Markets Authority has opened an investigation into early cancellation fees, and Adobe is reported to offer $75M in free services plus penalties — regulatory and reputational headwinds. UK regulator probes Adobe over cancellation fee concerns
• Negative Sentiment: Surge in bearish derivatives: Unusually large put‑option buying (roughly 118,864 puts on a recent session, ~94% above typical daily put volume) signals institutional hedging or directional bearish bets that can amplify short‑term downside.
• Negative Sentiment: Analyst pessimism and competitive pressure: Citigroup and other commentators have trimmed price targets; Google’s new Stitch redesign and broader “SaaSpocalypse” narratives are feeding fears of AI-driven disruption to Adobe’s pricing and growth. Analyst Cuts Price Target Adobe Stock Drops After Google’s Stitch Redesign

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of analyst reports. UBS Group cut their price target on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Wolfe Research decreased their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley lowered their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Monday, March 9th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $343.88.

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.