Adobe Inc. $ADBE Stock Holdings Decreased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. decreased its position in Adobe Inc. (NASDAQ:ADBE) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 542,095 shares of the software company’s stock after selling 9,687 shares during the period. Adobe comprises about 1.2% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 25th biggest holding. Brown Brothers Harriman & Co. owned 0.13% of Adobe worth $191,224,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after buying an additional 344,816 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the period. Norges Bank purchased a new stake in shares of Adobe in the second quarter worth approximately $2,029,950,000. Invesco Ltd. lifted its position in shares of Adobe by 9.4% in the third quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock worth $1,700,850,000 after purchasing an additional 414,526 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Adobe by 1.6% during the third quarter. Legal & General Group Plc now owns 3,142,035 shares of the software company’s stock worth $1,108,353,000 after purchasing an additional 48,578 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts have recently commented on ADBE shares. UBS Group lowered their price target on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday. Wolfe Research dropped their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Citigroup cut their price objective on shares of Adobe from $387.00 to $315.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Wells Fargo & Company decreased their target price on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Adobe and gave the stock a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $347.85.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $249.32 on Friday. Adobe Inc. has a 12 month low of $244.28 and a 12 month high of $422.95. The company has a market cap of $102.35 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.06 and a beta of 1.53. The business’s 50 day moving average is $283.88 and its two-hundred day moving average is $323.22. 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 (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.23%. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company posted $5.08 earnings per share. Adobe’s quarterly revenue 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. On average, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current 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.