13,521 Shares in Adobe Inc. $ADBE Acquired by First National Bank of Omaha

First National Bank of Omaha acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,521 shares of the software company’s stock, valued at approximately $4,770,000.

Several other institutional investors and hedge funds have also made changes to their positions in ADBE. Norges Bank acquired a new stake in shares of Adobe in the 2nd quarter valued at about $2,029,950,000. Franklin Resources Inc. increased its holdings in 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 during the last quarter. Acadian Asset Management LLC raised its stake in Adobe by 218.5% during the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after buying an additional 736,682 shares in the last quarter. Invesco Ltd. lifted its holdings in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after buying an additional 610,215 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Adobe by 185.1% during 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. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADBE. Oppenheimer cut Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Mizuho reduced their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group assumed coverage on Adobe in a research note on Monday, January 12th. They issued a “sell” rating and a $290.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $397.16.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $260.45 on Wednesday. The stock’s fifty day simple moving average is $314.71 and its 200 day simple moving average is $333.38. The stock has a market capitalization of $106.91 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.04 and a beta of 1.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52-week low of $251.10 and a 52-week high of $464.33.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the business 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. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares of the company’s stock, valued at $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 can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe may be oversold versus fundamentals — analysts and screeners point to compressed multiples and embedded AI (Firefly + integrated features in Creative Cloud) as reasons the stock could rebound if execution continues. 5 Software Stocks That Look Too Cheap to Ignore
• Positive Sentiment: Some investors and contributors view Adobe as attractively valued after the selloff (narratives of a 7‑year low / rating upgrades appear), implying potential upside for long‑term holders if AI concerns prove overblown. Adobe Looks Interesting At 7-Year Low (Rating Upgrade)
• Neutral Sentiment: Mixed headlines on strategy vs. risk: a Cognizant deal may expand enterprise distribution but concurrent AI‑related lawsuits raise legal/royalty uncertainty — a net mixed impact that raises volatility until resolved. Adobe AI Lawsuit And Cognizant Deal Reshape Investor Risk Reward Profile
• Neutral Sentiment: Short‑interest data reported in feeds appears inconsistent/erroneous (zeros/NaN). That suggests no clear evidence of a large short squeeze or unwind driving today’s trading — treat the short‑interest reports cautiously.
• Neutral Sentiment: Coverage/newswire snapshots show the stock drifting lower amid a stronger market backdrop; these are descriptive reads rather than new fundamentals. Adobe Systems (ADBE) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: HSBC cut its price target (from $388 to $302) and kept a Hold rating, citing competitive risks from AI tools — analyst downgrades/target cuts are pressuring the stock and can accelerate outflows. HSBC Reduces PT on Adobe Inc. (ADBE) Stock
• Negative Sentiment: Macro narrative — multiple pieces warn of a “SaaSpocalypse” where AI could compress seat‑based SaaS pricing; that narrative is driving re‑rating risk for Adobe until the market is convinced Adobe can embed and monetize AI without losing pricing power. Adobe: The SaaS Apocalypse Is About To Meet A Valuation Check
• Negative Sentiment: Speculative/derivative trades and PR missteps amplify downside near term — bearish option screenshots and a Reddit backlash to company communications are increasing negative sentiment and short‑term volatility. Adobe Systems Bear Put Spread Could Return 163% in this Down Move Adobe damage control backfires on Reddit!

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.