Fortis Capital Management LLC Has $5.98 Million Position in Adobe Inc. $ADBE

Fortis Capital Management LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,938 shares of the software company’s stock after buying an additional 2,182 shares during the period. Fortis Capital Management LLC’s holdings in Adobe were worth $5,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ADBE. Legacy Financial Advisors Inc. increased its position in Adobe by 31.9% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,850 shares of the software company’s stock valued at $653,000 after purchasing an additional 447 shares during the period. Transatlantique Private Wealth LLC lifted its position in shares of Adobe by 78.2% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 1,793 shares of the software company’s stock worth $632,000 after purchasing an additional 787 shares during the period. Aries Wealth Management boosted its stake in shares of Adobe by 10.9% in the 3rd quarter. Aries Wealth Management now owns 1,767 shares of the software company’s stock valued at $623,000 after purchasing an additional 173 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of Adobe by 12.6% in the 3rd quarter. Clearstead Advisors LLC now owns 40,232 shares of the software company’s stock valued at $14,192,000 after purchasing an additional 4,497 shares during the last quarter. Finally, LaFleur & Godfrey LLC increased its position in shares of Adobe by 47.9% during the third quarter. LaFleur & Godfrey LLC now owns 5,561 shares of the software company’s stock worth $1,962,000 after buying an additional 1,800 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were 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 in the company, valued at $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 is available at this link. 0.16% of the stock is currently owned by insiders.

Adobe Stock Down 0.2%

Shares of NASDAQ:ADBE opened at $258.61 on Monday. 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 52-week low of $251.10 and a 52-week high of $453.75. The business’s 50 day simple moving average is $309.33 and its two-hundred day simple moving average is $331.68. The firm has a market cap of $106.16 billion, a P/E ratio of 15.48, a PEG ratio of 1.02 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion for 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. Adobe’s revenue for the quarter was up 10.5% on a year-over-year basis. 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, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s results and forward guidance remain supportive: the company beat recent estimates, delivered strong margins and set FY26 and Q1 guidance that suggests continued cash generation and profit resilience. Reasons Why Adobe (ADBE) Offers Such Impressive Upside
• Positive Sentiment: Broader sector relief after upbeat AI-related results at other software firms (RingCentral, Five9) reduces “AI will kill SaaS” fear — a tailwind for Adobe if investors re-appraise AI as demand-enhancing rather than disruptive. Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
• Neutral Sentiment: Figma’s strong results and Anthropic integration highlight accelerating AI adoption in design workflows — this validates the market opportunity for AI-enabled tools but also raises competitive dynamics Adobe must navigate. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script (ADBE)
• Neutral Sentiment: Several valuation and review pieces are re-focusing investor attention on Adobe’s multiples and long-term returns — helpful for longer-term thesis but not dispositive for near-term price moves. Assessing Adobe’s Valuation As Recent Share Performance Brings The Stock Back Into Focus
• Neutral Sentiment: Third‑party reviews mention Adobe alongside other software names; useful context but unlikely to move the stock on its own. Reviewing Rand Worldwide (OTCMKTS:RWWI) and Adobe (NASDAQ:ADBE)
• Neutral Sentiment: Reported short‑interest data appears inconsistent (published figures show zero shares), suggesting the short‑interest readings may be a data glitch and should be treated cautiously.
• Negative Sentiment: Unusually large put‑option activity: traders bought ~188,902 puts (a ~248% jump vs. typical daily put volume), signaling elevated hedging or outright bearish positioning that can add to downward pressure.
• Negative Sentiment: Analyst caution and recent downgrades / cautious commentary have crept into coverage as Adobe trades nearer its multi‑month lows, which can amplify selling if sentiment deteriorates. Why Wall Street Is Turning Cautious on Adobe Inc. (ADBE)

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. HSBC set a $302.00 target price on shares of Adobe in a report on Friday, February 13th. Robert W. Baird set a $350.00 price objective on Adobe in a research report on Wednesday, January 14th. Oppenheimer lowered Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. Morgan Stanley decreased their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. Finally, Citigroup lifted their target price on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $397.16.

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.