Townsquare Capital LLC Sells 7,947 Shares of Adobe Inc. $ADBE

Townsquare Capital LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 52.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,125 shares of the software company’s stock after selling 7,947 shares during the quarter. Townsquare Capital LLC’s holdings in Adobe were worth $2,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. CX Institutional boosted its position in Adobe by 72.9% in the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after purchasing an additional 11,769 shares during the last quarter. Wright Investors Service Inc. boosted its holdings in shares of Adobe by 114.4% in the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after buying an additional 5,293 shares during the last quarter. Federated Hermes Inc. grew its position in Adobe by 185.1% during the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after buying an additional 583,275 shares during the period. Lathrop Investment Management Co. increased its holdings in Adobe by 2.8% during the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after buying an additional 718 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in Adobe in the third quarter valued at about $24,904,000. 81.79% of the stock is owned by institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Airtel deal expands Adobe Express reach to hundreds of millions of users, which could broaden top‑of‑funnel distribution and future monetization opportunities. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
• Positive Sentiment: Analysts and commentators note Adobe’s strong cash balance and argue it supports upside potential and deal-making flexibility. Adobe Stock: High Cash, Higher Upside?
• Neutral Sentiment: Coverage compares Adobe with rivals (Apple’s Creator Studio, Figma) around creator tools and AI — highlights competitive pressure but not an immediate earnings hit. Apple’s Creator Studio Isn’t an Adobe Killer
• Neutral Sentiment: Editorials discuss AI competition (Figma vs. Adobe) — strategic relevance over time, but no immediate operational surprise. Better AI Software Stock: Figma vs. Adobe
• Neutral Sentiment: Media personalities (Jim Cramer) express uncertainty on Adobe’s near‑term path — can influence retail sentiment but is not a fundamental change. “I Don’t Know What to do With Adobe (ADBE),” Says Jim Cramer
• Negative Sentiment: Goldman, BMO and Jefferies downgraded Adobe, citing valuation and/or growth concerns — analyst downgrades have pressured the stock and likely prompted selling. Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
• Negative Sentiment: Chief Financial Officer sold roughly $485K of Adobe stock — insider selling often hurts sentiment even when amounts are modest relative to market cap. Adobe (NASDAQ:ADBE) CFO Sells $485,323.10 in Stock
• Negative Sentiment: Adobe’s acquisition of Semrush at an ~78% premium drew investor concern about deal price and near‑term dilution/returns, a headline that likely amplified selling pressure. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium

Adobe Stock Down 2.6%

ADBE opened at $291.65 on Friday. The company has a market capitalization of $119.72 billion, a PE ratio of 17.45, a PEG ratio of 1.18 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm’s 50 day simple moving average is $329.37 and its two-hundred day simple moving average is $342.46. Adobe Inc. has a 1-year low of $284.60 and a 1-year high of $465.70.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group dropped their price objective on Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a research note on Monday. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Robert W. Baird set a $350.00 price target on Adobe in a research note on Wednesday, January 14th. Jefferies Financial Group lowered shares of Adobe from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $500.00 to $400.00 in a report on Monday, January 5th. Finally, Morgan Stanley dropped their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $397.19.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale 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.

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.