Navalign LLC Purchases Shares of 2,397 Adobe Inc. $ADBE

Navalign LLC purchased a new stake in Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,397 shares of the software company’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. LSV Asset Management raised its position in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the last quarter. Caitlin John LLC acquired a new position in Adobe during the 3rd quarter worth approximately $28,000. Horizon Financial Services LLC grew its stake in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Adobe during the 2nd quarter worth approximately $35,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Adobe in the second quarter valued at approximately $36,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

NASDAQ ADBE opened at $283.62 on Monday. The firm has a market capitalization of $116.43 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.12 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 fifty day moving average price is $291.65 and its two-hundred day moving average price is $325.86. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $452.51.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion during 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 quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $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, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Insider Transactions at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded a multi‑year partnership with Major League Baseball to power next‑generation digital fan experiences — a commercial win that underscores Adobe’s enterprise demand for marketing, content and experience tools. Adobe and Major League Baseball Expand Partnership
• Positive Sentiment: Reports that investor Michael Burry has taken a significant new position in Adobe are fueling contrarian interest and a re‑rating debate around Adobe’s AI transition and valuation, supporting buying interest. Michael Burry Backs Adobe As AI Transition Meets Deep Value Debate
• Neutral Sentiment: Multiple outlets flag Adobe and other big tech names on this week’s earnings and macro calendar — investors are focused on CPI/PCE inflation prints that could influence Fed policy and tech multiples ahead of Adobe’s report. Oracle, Adobe Earnings and Inflation Data: What to Watch This Week
• Neutral Sentiment: Pre‑earnings coverage highlights that Adobe faces a critical Q1 test after a multi‑quarter pullback; analysts are split on near‑term AI monetization vs. valuation risks. Adobe Stock Faces Critical Q1 Earnings Test
• Negative Sentiment: Citigroup cut its price target on Adobe to $315, signaling lowered analyst expectations and adding downward pressure on sentiment. Citigroup Cuts Adobe Price Target
• Negative Sentiment: Sen. John Boozman sold shares of Adobe, an insider sale that can be read by some investors as a small negative signal on near‑term confidence. Sen. John Boozman Sells Off Shares of Adobe
• Negative Sentiment: Coverage noting rating downgrades and lingering worries about AI competition and execution suggests downside risk if Adobe’s Q1 results or guidance disappoint. Adobe: The Problems Could Be Bigger Than We Think

Analyst Ratings Changes

A number of brokerages have recently commented on ADBE. Weiss Ratings lowered shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group cut their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Oppenheimer downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Finally, Morgan Stanley decreased their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $386.68.

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.