Axxion S.A. 13F: Cuts Adobe (ADBE) Stake by $1M
Key Points
- Axxion S.A. sold 4,300 shares of Adobe Inc. during the quarter, lowering its total stake to 21,318 shares valued at approximately $5.1 million.
- Adobe Inc. holds a trailing twelve month revenue figure of nearly $26.0 billion alongside a net profit margin of 28.0%.
- Wall Street sentiment includes recent downgrades from Wells Fargo and HSBC, contributing to a consensus hold rating across 32 analyst opinions.
Get Adobe text alerts
We text you when insiders, Congress, analysts or big funds move on $ADBE.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Adobe Inc. alert may contain errors. Disclosures
Axxion S.A. trimmed its position in Adobe Inc. (NasdaqGS: ADBE) by 16.8% during the period, according to a Form 13F filing disclosed on October 22, 2026. The institutional investor sold 4,300 shares of the software company, leaving it with a total of 21,318 shares. That remaining stake carried a reported value of about $5.1 million at the end of the reporting window.
ADBE
Adobe Inc.
What Changed in Axxion S.A.'s Adobe Position
The reduction brought Axxion S.A.'s holdings down from 25,618 shares previously to 21,318 shares. The firm's exit of these 4,300 shares reflects a targeted adjustment to its technology exposure while maintaining a smaller footprint in the digital media software maker.
Other Institutional Activity in Adobe
Other large funds made notable shifts in their Adobe holdings around the same time. Lsv Asset Management grew its holdings by 86,202 shares, ending with 999,442 shares worth about $204.7 million. AMF Tjanstepension increased its stake by 2.3% during the quarter, bringing its total to 705,217 shares valued at $169.2 million. Burney Co. added a new block of 40,225 shares worth roughly $9.7 million. On the other side, D. E. Shaw reduced its position sharply by selling 1,210,016 shares, leaving it with 367,208 shares valued at $76.1 million. Arrowstreet Capital cut back slightly by 5,434 shares, wrapping up the period with 6,787,022 shares worth approximately $1.8 billion.
Adobe Inc. Stock Up 5.4%
The shares recently changed hands around $270.65 as of October 23, 2026, sitting close to the closing price of $270.55 recorded on the filing date. The stock trades above both its 50-day moving average of $255.68 and its 200-day moving average of $252.93.
Recent Earnings
Adobe posted trailing twelve month revenue of $26.0 billion and earnings of $17.91 per share. The business maintains a net margin of 28.0% and a return on equity of 61.9%. The next quarterly earnings report is scheduled for December 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
17 target cuts vs 0 raises.
-
EPS & revenue
EPS met estimates. Revenue beat estimates by 0.5%.
-
Profit surprise
EBITDA missed by 26 percent. Operating income missed by 24 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
2 downgrades, 17 target cuts.
-
Earnings quality
Operating margin down 2.1 points. Positive free cash flow.
Earnings Call Summary
Adobe reported $6.62 billion in revenue, beating consensus by $33 million, but missed earnings at $5.96 non-GAAP EPS versus expected $5.83. The company is pivoting to a freemium strategy, growing Creative Cloud freemium users from 50 million to 90 million and Acrobat users from 700 million to 850 million. Firefly AI revenue approached $300 million and grew 50 percent quarter over quarter. Management stressed that capturing traffic and user engagement now is more important than short-term profit, similar to how Acrobat Reader became a long-term moat.
Guidance Adobe expects $20.5 billion to $20.6 billion in revenue for the full year, raising its prior target. For next quarter, the company guides to $6.67 billion to $6.72 billion in revenue. The company is investing heavily in freemium products and deferring Creative Cloud price increases to capture new users and build long-term growth.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Adobe does not currently pay a dividend, registering a dividend payout ratio and yield of 0.0%.
Insider Buying and Selling at Adobe Inc.
Company insiders completed several trades prior to the filing. Interim CFO and SVP Steven Day acquired 546 shares on June 15, 2026, at zero cost. Chief Legal Officer and EVP Adele Louise Pentland picked up 7,800 shares and disposed of 7,800 shares on the same day. SVP and CAO Jillian Forusz sold 158 shares at an average price of $206.36 for a total value of $32,604.88.
Analysts Set New Price Targets
Wall Street firms updated their views on Adobe ahead of the filing cycle. Citigroup maintained a neutral stance on September 11, 2026, lowering its price target from $301.00 to $250.00. JP Morgan kept an overweight rating on September 11, 2026, moving its target from $340.00 to $315.00. DA Davidson maintained a buy rating on September 14, 2026, raising its target from $250.00 to $290.00. Wells Fargo lowered its rating to underweight with a $225.00 target on October 12, 2026, down from $270.00. HSBC followed on October 13, 2026, by downgrading the stock to hold and cutting its target to $267.00 from $310.00. Overall, the stock carries a consensus hold rating from 32 analysts with a mean price target of $272.31.
About Adobe
Adobe Inc. develops software products for digital media creation, publishing, and promotion. Its tools serve creative professionals, marketers, students, and enterprises worldwide.
Bottom Line
Investors continue to weigh institutional portfolio adjustments alongside shifting analyst targets. Market participants will look toward Adobe's upcoming earnings release on December 9, 2026, for further financial guidance.
Related Filing Alerts
Source: Axxion S.A.'s 13F filing on $ADBE (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts