WD Rutherford LLC Decreases Stock Position in Adobe Inc. $ADBE

WD Rutherford LLC cut its position in Adobe Inc. (NASDAQ:ADBE) by 57.4% during the third quarter, HoldingsChannel.com reports. The fund owned 3,430 shares of the software company’s stock after selling 4,618 shares during the period. WD Rutherford LLC’s holdings in Adobe were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADBE. Brighton Jones LLC lifted its stake in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Adobe in the 1st quarter valued at about $310,000. Empowered Funds LLC raised its holdings in Adobe by 27.7% in the 1st quarter. Empowered Funds LLC now owns 19,655 shares of the software company’s stock valued at $7,538,000 after acquiring an additional 4,264 shares during the last quarter. McIlrath & Eck LLC lifted its stake in Adobe by 52.9% in the 1st quarter. McIlrath & Eck LLC now owns 286 shares of the software company’s stock worth $110,000 after purchasing an additional 99 shares in the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of Adobe by 40.2% during the 1st quarter. Woodline Partners LP now owns 38,056 shares of the software company’s stock worth $14,596,000 after purchasing an additional 10,914 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by company insiders.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe laid out a “smarter, not louder” personalization vision at CES highlighting privacy‑aware, targeted marketing capabilities that could boost Experience Cloud adoption and recurring revenue. Smarter, Not Louder: Adobe’s Vision for Personalization at CES 2026
• Positive Sentiment: Adobe execs discussed integrating Runway and Eleven Labs with Firefly and multi‑model AI work, signaling product expansion that could increase stickiness for creative and generative‑AI workflows. Beyond Firefly: Adobe VP Allison Blais Discusses Integrating Runway, 11 Labs and the Future of Multi-Model AI
• Positive Sentiment: Adobe Analytics reports U.S. online holiday spending hit a record level, reinforcing demand for Adobe’s data products and signaling continued ecommerce activity that underpins Analytics revenue and relevance. US online holiday spending hits record levels despite slower growth, Adobe says
• Neutral Sentiment: Coverage comparing Adobe to peers highlights its strong margins and cash generation but notes competitive pressures and AI disruption—useful context for relative valuation decisions. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Opinion pieces and trending‑stock writeups (Zacks, Fool) flag Adobe as a turnaround candidate for 2026 but emphasize execution and AI roadmap as key catalysts to watch. Will This Software Stock Have a Turnaround Story In 2026
• Negative Sentiment: Analyst downgrades and recent multi‑day losses have pressured the stock; articles note a string of declines and a roughly $9B hit to market cap, keeping investor caution high. Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Some commentators list near‑term risks and recommend alternatives, highlighting valuation, AI execution risk, and recent share weakness as reasons to be cautious. 3 Reasons ADBE is Risky and 1 Stock to Buy Instead
• Negative Sentiment: Market headlines noting a sharp early‑2026 pullback in software stocks (including Adobe) add short‑term volatility risk tied to macro/AI sentiment shifts. Salesforce and Adobe Start 2026 With a 5% Plunge—Should Investors Buy or Bail?

Analyst Upgrades and Downgrades

Several research firms recently commented on ADBE. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and cut their price target for the company from $500.00 to $400.00 in a report on Monday. Wolfe Research dropped their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. BMO Capital Markets reduced their price target on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Finally, TD Cowen cut their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $411.88.

Adobe Stock Up 0.6%

Shares of NASDAQ:ADBE opened at $338.10 on Thursday. The company has a market capitalization of $141.53 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.32 and a beta of 1.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The business has a 50-day moving average price of $337.29 and a 200 day moving average price of $350.56. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced 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 net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the firm posted $4.81 earnings per share. Adobe’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side 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.