Meyer Handelman Co. Increases Stock Position in Adobe Inc. $ADBE

Meyer Handelman Co. grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,858 shares of the software company’s stock after purchasing an additional 2,338 shares during the quarter. Meyer Handelman Co.’s holdings in Adobe were worth $9,400,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new position in Adobe during the 3rd quarter worth approximately $28,000. Beacon Financial Strategies CORP acquired a new position in Adobe during the fourth quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe in the third quarter valued at approximately $27,000. Finally, Total Investment Management Inc. purchased a new stake in Adobe in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $243.08 on Wednesday. The stock has a market capitalization of $98.25 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. Adobe Inc. has a 1 year low of $233.15 and a 1 year high of $422.95. The company’s fifty day moving average is $266.33 and its two-hundred day moving average is $313.69.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $5.08 EPS. 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, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred 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 sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. DA Davidson set a $300.00 price target on shares of Adobe in a research note on Friday, March 13th. Morgan Stanley lowered their price objective on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Jefferies Financial Group reduced their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Finally, Piper Sandler lowered their price target on Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $343.88.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Firefly custom AI models: Adobe highlighted custom AI model capabilities in Firefly that let creatives and enterprises build branded, controllable generative models — a competitive advantage for enterprise AI workflows and monetization of content/brand-safe models. What makes Adobe Firefly’s custom AI models so exciting for creatives
• Positive Sentiment: Product innovation — Illustrator AI features: Adobe rolled out an Illustrator “Turntable” feature and AI tools to rotate 2D vectors in 3D space, strengthening its Creative Cloud value proposition and stickiness for professional users. Adobe Illustrator can now use AI to rotate 2D vectors in 3D space
• Positive Sentiment: International advisory hire: Former Airtel CEO Manoj Kohli joined Adobe’s international advisory board, signaling focus on global expansion and partnerships in key emerging markets — supportive for enterprise and emerging‑market growth strategies. Former Airtel CEO Manoj Kohli joins Adobe international advisory board
• Neutral Sentiment: Analyst/coverage attention: Zacks and other outlets are featuring Adobe in investment idea pieces and watchers’ lists — raises visibility but not immediate fundamental change. Zacks Investment Ideas feature highlights Adobe’s and Microsoft
• Neutral Sentiment: Market sentiment lift: Adobe was among several tech names that jumped in a session tied to improved geopolitical talks — a short‑term sentiment boost rather than company‑specific news. Adobe, Paycom, Pegasystems, Salesforce, and Box Shares Are Soaring, What You Need To Know
• Negative Sentiment: UK CMA probe into subscription cancellations: The Competition and Markets Authority opened an inquiry into Adobe’s early cancellation costs and subscription practices, which introduces regulatory and reputational risk and could force policy or pricing changes. Adobe Faces CMA Probe As Subscription Model And Valuation Come Into Focus

About Adobe

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.