2,508 Shares in Adobe Inc. $ADBE Acquired by Prana Capital Management LP

Prana Capital Management LP acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,508 shares of the software company’s stock, valued at approximately $885,000.

A number of other institutional investors also recently modified their holdings of ADBE. Norges Bank bought a new position in shares of Adobe in the 2nd quarter worth $2,029,950,000. Arrowstreet Capital Limited Partnership increased its stake in Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox raised its holdings in Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after buying an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after buying an additional 920,353 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Adobe by 68.9% in the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after buying an additional 791,077 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 target price on shares of Adobe in a research report on Monday, March 9th. Stifel Nicolaus dropped their price target on shares of Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Wolfe Research decreased their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Wells Fargo & Company dropped their target price on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Finally, The Goldman Sachs Group decreased their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $346.42.

Adobe Price Performance

Adobe stock opened at $254.20 on Wednesday. Adobe Inc. has a 52 week low of $244.28 and a 52 week high of $422.95. The company’s 50 day moving average price is $280.65 and its two-hundred day moving average price is $321.32. The stock has a market cap of $104.35 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.99 and a beta of 1.53. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, equities analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a strategic partnership with NVIDIA to accelerate next‑generation Firefly models and agentic AI workflows — a product and infrastructure move that supports Adobe’s long‑term AI roadmap and revenue potential. Adobe and NVIDIA Partnership
• Positive Sentiment: Recent quarterly results and guidance remain solid — Adobe beat Q1 estimates and reiterated strong FY26 targets, which supports the bull case that fundamentals are intact despite the selloff. Bull Case Intact
• Positive Sentiment: Unusually heavy call‑option activity and notable retail/institutional purchase signals suggest some traders are positioning for a short‑term rebound. This options flow can amplify upside moves when coupled with positive headlines. Options Trading Activity
• Neutral Sentiment: Some investors (including visible contrarian buyers) are adding ADBE on the dip, reflecting a split between value buyers and risk‑averse holders. Investor Buying
• Neutral Sentiment: Market debate continues over whether to buy before Adobe names a successor to Shantanu Narayen; articles weighing timing and risk are keeping trading volume and narrative momentum high. CEO Transition Coverage
• Negative Sentiment: Goldman Sachs and other brokers flag near‑term uncertainty until Adobe names a new CEO, which is pressuring sentiment and raising short‑term downside risk. Goldman Sachs Warning
• Negative Sentiment: Analysts have cut price targets (Citigroup to $278, UBS lower as well) after the CEO exit, trimming near‑term upside and signaling more conservative earnings/growth assumptions. Citigroup Target Cut Additional Downgrades
• Negative Sentiment: Regulatory and legal hits: Adobe agreed to a roughly $150M settlement over cancellation terms (and related local fines), which is a tangible near‑term cash and reputational cost. DOJ/Settlement
• Negative Sentiment: Short interest has risen recently, amplifying downside pressure if negative headlines persist. Short Interest Report

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.