Adobe Inc. $ADBE Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,779 shares of the software company’s stock after purchasing an additional 22,906 shares during the period. Adobe comprises 0.8% of Martingale Asset Management L P’s holdings, making the stock its 27th largest position. Martingale Asset Management L P’s holdings in Adobe were worth $30,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CX Institutional increased its stake in shares of Adobe by 72.9% during 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 in the last quarter. Wright Investors Service Inc. lifted its stake in Adobe by 114.4% in the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock valued at $3,499,000 after buying an additional 5,293 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Adobe by 185.1% in the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after buying an additional 583,275 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after buying an additional 32,448 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after buying an additional 710,357 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm’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 sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of research analyst reports. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Monday. HSBC set a $302.00 price target on Adobe in a research report on Friday, February 13th. Piper Sandler restated a “neutral” rating on shares of Adobe in a report on Wednesday, March 4th. Finally, Jefferies Financial Group lowered their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average target price of $375.96.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Beat on Q1 EPS and revenue — Adobe reported stronger-than-expected EPS and revenue for the quarter, confirming solid top-line growth. Adobe Systems (ADBE) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised FY and Q2 guidance — Adobe gave FY‑2026 EPS and revenue targets above consensus and provided Q2 EPS guidance ahead of street estimates, signaling management sees medium‑term strength. Adobe earnings / guidance details
• Neutral Sentiment: AI-driven metrics strong but early — Adobe said AI-first ARR more than tripled and subscription revenue rose, supporting strategic progress even if monetization timing is uncertain. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Healthy cash flow and margins — operating cash flow and gross profit improved, which cushions near-term concerns and supports valuation over time. QuiverQuant Q1 financials summary
• Negative Sentiment: CEO Shantanu Narayen to transition — Narayen’s decision to step down once a successor is named injected leadership uncertainty; investors worry about execution through a management change at a critical AI inflection. Shantanu Narayen Announces Decision to Transition
• Negative Sentiment: Muted near-term profit signal spooks investors — despite beats, commentary and some forward commentary were interpreted as conservative on near-term profit acceleration from AI, prompting the sell-off. Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast
• Negative Sentiment: Market skepticism and analyst moves — Adobe’s stock has underperformed YTD, some firms have trimmed targets or reiterated caution, amplifying weakness after the print. TD Cowen lowers PT on Adobe

Adobe Price Performance

ADBE stock opened at $269.78 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $285.56 and a 200-day simple moving average of $324.01. The firm has a market capitalization of $110.74 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $422.95.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the firm earned $5.08 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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.