Adobe Inc. $ADBE Stock Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,917,567 shares of the software company’s stock after selling 35,127 shares during the period. Adobe accounts for approximately 0.9% of Assenagon Asset Management S.A.’s holdings, making the stock its 17th biggest holding. Assenagon Asset Management S.A. owned 0.46% of Adobe worth $671,129,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Affinity Capital Advisors LLC acquired a new position in Adobe in the fourth quarter worth about $267,000. Pacifica Partners Inc. raised its stake in Adobe by 66.5% during the fourth quarter. Pacifica Partners Inc. now owns 5,380 shares of the software company’s stock valued at $1,793,000 after buying an additional 2,148 shares in the last quarter. Independence Wealth Advisors LLC bought a new position in Adobe during the 4th quarter worth approximately $278,000. Teamwork Financial Advisors LLC lifted its holdings in Adobe by 21.0% during the 4th quarter. Teamwork Financial Advisors LLC now owns 12,326 shares of the software company’s stock worth $4,314,000 after buying an additional 2,140 shares during the last quarter. Finally, Goodman Financial Corp grew its position in shares of Adobe by 2.6% in the 4th quarter. Goodman Financial Corp now owns 38,272 shares of the software company’s stock worth $13,395,000 after acquiring an additional 980 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 0.2%

NASDAQ:ADBE opened at $247.57 on Tuesday. The firm has a market capitalization of $101.63 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.97 and a beta of 1.53. The business has a 50 day simple moving average of $273.63 and a 200 day simple moving average of $318.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00. Adobe Inc. has a 12-month low of $241.00 and a 12-month high of $422.95.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $5.08 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Finance turned into an AI testbed — CFO Dan Durn has deployed AI to auto-answer large volumes of emails, speed contract reviews and stress‑test messaging, suggesting meaningful back‑office cost and time savings that can boost margins. Adobe Turns Finance Into AI Testbed For Back Office Productivity Insights
• Positive Sentiment: Product/AI expansion — Adobe is expanding Firefly with custom AI models and conversational design tools, and allowing creators to build custom Firefly models on their own work/style, which supports continued revenue growth and stickiness in Creative Cloud. Adobe Expands Firefly With Custom AI Models & Conversational Design Tools
• Neutral Sentiment: Zacks highlights Adobe as a strong growth stock based on style scores — this reinforces longer‑term growth narratives but is unlikely to change immediate sentiment. Here’s Why Adobe Systems (ADBE) is a Strong Growth Stock
• Neutral Sentiment: Management hiring in India — Adobe named Shamik Basu VP, Creative Products Group for India; a routine leadership hire that supports product execution but has limited immediate market impact. Adobe names Shamik Basu as vice president, Creative Products Group for India
• Neutral Sentiment: Short-interest data reported as effectively zero/erroneous — the release shows no meaningful short‑interest signal (data appears unreliable), so it likely isn’t a driver of today’s move.
• Negative Sentiment: Leadership transition raises uncertainty — coverage notes that CEO Shantanu Narayan’s departure has dimmed near‑term outlook and investor confidence, increasing execution risk. Leadership Transition Dims Adobe Inc. (ADBE)’s Outlook
• Negative Sentiment: Analyst downgrade and lower price target — Barclays cut ADBE to Equal Weight (target trimmed to $275 from $335), citing weaker net new ARR; downgrades like this pressure the stock near term. Barclays Downgrades Adobe Inc. (ADBE) Stock to Equal Weight
• Negative Sentiment: Sector risk — commentary about a potential SaaS correction (“SaaSpocalypse”) adds macro/sector downside risk for large software names like Adobe and may amplify selling pressure. Salesforce, Adobe Stocks Face 2008-Style Collapse In ‘SaaSpocalypse’

Analyst Ratings Changes

A number of brokerages have recently weighed in on ADBE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a report on Friday, March 13th. DA Davidson set a $300.00 price objective on shares of Adobe in a report on Friday, March 13th. HSBC set a $302.00 target price on shares of Adobe in a research note on Friday, February 13th. Wolfe Research dropped their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Finally, KeyCorp reduced their price target on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $343.88.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.