National Pension Service Increases Stock Position in Adobe Inc. $ADBE

National Pension Service grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 951,737 shares of the software company’s stock after purchasing an additional 26,274 shares during the period. National Pension Service owned approximately 0.23% of Adobe worth $335,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management lifted its position in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares in the last quarter. Nexus Investment Management ULC acquired a new position in shares of Adobe during the 2nd quarter valued at about $31,000. Horizon Financial Services LLC raised its stake in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in shares of Adobe in the 2nd quarter worth $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Adobe in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the subject of several recent research reports. Morgan Stanley dropped their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday, December 11th. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and reduced their target price for the company from $500.00 to $400.00 in a research note on Monday, January 5th. The Goldman Sachs Group began coverage on Adobe in a report on Monday, January 12th. They set a “sell” rating and a $290.00 target price on the stock. Oppenheimer cut shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $397.19.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the company’s 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 sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Airtel partnership expands Adobe Express distribution to hundreds of millions of users, a large user‑growth and awareness catalyst that could help adoption and monetization in key markets. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
• Neutral Sentiment: Reported short‑interest data show effectively zero days to cover (odd/flat readings), indicating no clear short‑squeeze risk from current filings — the data don’t appear to be driving the move. (internal short‑interest entry)
• Neutral Sentiment: Apple’s new Creator Studio prompts discussion about competitive dynamics for creators; analysts see it as a different product rather than an immediate Adobe “killer,” but it raises long‑term competitive watchpoints. Apple’s Creator Studio Isn’t an Adobe Killer
• Negative Sentiment: Major brokerages (Goldman, BMO, Jefferies) issued downgrades on ADBE, which has directly pressured the stock as investors mark down near‑term expectations and valuation multiples. Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
• Negative Sentiment: Adobe disclosed insider selling: the CFO sold about $485k of stock. While single insider sales can be routine, the move adds to negative sentiment when combined with analyst downgrades. Adobe (NASDAQ:ADBE) CFO Sells $485,323.10 in Stock
• Negative Sentiment: Adobe’s acquisition of Semrush at a reported ~78% premium drew attention for being an expensive bolt‑on, raising questions about deal discipline and near‑term EPS/ROI impact. That concern is amplifying sell‑side caution. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium

Adobe Trading Up 0.5%

NASDAQ ADBE opened at $293.25 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a twelve month low of $284.60 and a twelve month high of $465.70. The firm’s 50 day moving average price is $328.75 and its two-hundred day moving average price is $341.95. The stock has a market cap of $120.38 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.15 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the firm earned $4.81 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.