Algert Global LLC Makes New $6.97 Million Investment in Adobe Inc. $ADBE

Algert Global LLC bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 19,744 shares of the software company’s stock, valued at approximately $6,965,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management boosted its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Adobe in the 3rd quarter valued at about $28,000. Horizon Financial Services LLC increased its stake in shares of Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after acquiring an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Adobe in the 2nd quarter valued at approximately $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Adobe in the 3rd quarter valued at approximately $35,000. 81.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADBE. Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $335.00 to $275.00 in a report on Friday. UBS Group cut their target price on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday. HSBC set a $302.00 price target on shares of Adobe in a research report on Friday, February 13th. BMO Capital Markets decreased their price target on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a report on Friday. Finally, Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $346.42.

Insider Activity

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 sale, the chief financial officer directly owned 41,995 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic NVIDIA partnership — Adobe announced a collaboration with NVIDIA to accelerate next‑generation Firefly models and agentic creative/marketing workflows, which strengthens Adobe’s AI roadmap and cloud/compute partnerships. Adobe and NVIDIA Partnership
• Positive Sentiment: Unusually high call‑option activity and reported insider/strategist buying — Elevated call volumes (large purchases) and publicized purchases by strategist Jim Lebenthal signal some investors are positioning for upside. (No direct article link for options; strategist buy: linked.) Jim Lebenthal Bought ADBE
• Neutral Sentiment: Q1 results beat but market reaction mixed — Adobe beat EPS/revenue estimates and set FY‑2026 guidance (23.30–23.50 EPS) but the stock fell after the CEO exit news; fundamentals remain solid yet sentiment is fragile. (See earnings coverage in prior filings and summaries.)
• Negative Sentiment: Leadership transition creates uncertainty — Longtime CEO Shantanu Narayen’s planned exit has spooked investors and was cited as a primary reason for recent share weakness; leadership change raises execution risk during an important AI pivot. CEO Transition Coverage
• Negative Sentiment: $150M DOJ settlement — Adobe agreed to pay $150M over alleged subscription cancellation disclosure issues, a near‑term legal/headline overhang and modest cash/legal expense. DOJ Settlement
• Negative Sentiment: Analyst downgrades and widespread price‑target cuts — Multiple brokers trimmed targets and ratings (Barclays, Piper Sandler, BMO, Citi and others), increasing selling pressure and reducing near‑term upside expectations. Analyst Coverage & Target Cuts
• Negative Sentiment: Sector/headline pressure on software names — Broader skepticism around which software businesses benefit from AI (seat‑based pricing risk) has singled out Adobe as vulnerable vs. usage‑based peers. Sector Commentary
• Neutral Sentiment: Short‑interest data appears non‑informative this session — reported short interest entries were inconsistent/zero and aren’t providing clear directional signals today.

Adobe Stock Up 1.0%

ADBE stock opened at $251.86 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00. The stock has a market capitalization of $103.39 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.98 and a beta of 1.53. Adobe Inc. has a fifty-two week low of $244.28 and a fifty-two week high of $422.95. The business has a 50-day moving average of $282.29 and a 200-day moving average of $322.04.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm 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 anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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.