Atlantic Union Bankshares Corp Has $14.73 Million Holdings in Adobe Inc. $ADBE

Atlantic Union Bankshares Corp increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,743 shares of the software company’s stock after acquiring an additional 5,112 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Adobe were worth $14,725,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ADBE. State of Wyoming grew its position in Adobe by 1.7% during the third quarter. State of Wyoming now owns 2,120 shares of the software company’s stock valued at $748,000 after purchasing an additional 36 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Adobe in the third quarter worth $3,349,000. United Community Bank increased its holdings in shares of Adobe by 17.0% during the 3rd quarter. United Community Bank now owns 3,155 shares of the software company’s stock valued at $1,113,000 after acquiring an additional 459 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Adobe by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after purchasing an additional 32,448 shares during the last quarter. Finally, Arjuna Capital grew its stake in Adobe by 6.7% in the 3rd quarter. Arjuna Capital now owns 697 shares of the software company’s stock valued at $246,000 after buying an additional 44 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ADBE shares. TD Cowen lowered their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Barclays reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Adobe in a research note on Friday, December 5th. Mizuho decreased their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Wolfe Research decreased their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Finally, The Goldman Sachs Group started coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $397.19.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Airtel partnership expands Adobe Express distribution to hundreds of millions of users, a large user?growth and awareness catalyst that could help adoption and monetization in key markets. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
• Neutral Sentiment: Reported short?interest data show effectively zero days to cover (odd/flat readings), indicating no clear short?squeeze risk from current filings — the data don’t appear to be driving the move. (internal short?interest entry)
• Neutral Sentiment: Apple’s new Creator Studio prompts discussion about competitive dynamics for creators; analysts see it as a different product rather than an immediate Adobe “killer,” but it raises long?term competitive watchpoints. Apple’s Creator Studio Isn’t an Adobe Killer
• Negative Sentiment: Major brokerages (Goldman, BMO, Jefferies) issued downgrades on ADBE, which has directly pressured the stock as investors mark down near?term expectations and valuation multiples. Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
• Negative Sentiment: Adobe disclosed insider selling: the CFO sold about $485k of stock. While single insider sales can be routine, the move adds to negative sentiment when combined with analyst downgrades. Adobe (NASDAQ:ADBE) CFO Sells $485,323.10 in Stock
• Negative Sentiment: Adobe’s acquisition of Semrush at a reported ~78% premium drew attention for being an expensive bolt?on, raising questions about deal discipline and near?term EPS/ROI impact. That concern is amplifying sell?side caution. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium

Adobe Stock Up 0.5%

Shares of NASDAQ ADBE opened at $293.25 on Monday. 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 Inc. has a 52-week low of $284.60 and a 52-week high of $465.70. The firm has a 50 day moving average price of $328.75 and a 200 day moving average price of $341.66. The stock has a market cap of $120.38 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.15 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm 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 company’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. Analysts expect that Adobe Inc. will post 16.65 EPS 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.