Cache Advisors LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 118.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,279 shares of the software company’s stock after purchasing an additional 2,316 shares during the quarter. Cache Advisors LLC’s holdings in Adobe were worth $1,498,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of ADBE. Arrowstreet Capital Limited Partnership boosted its stake 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 last quarter. Dodge & Cox boosted its position in shares of Adobe by 8,006.6% in the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after purchasing an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Amundi boosted its position in shares of Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after purchasing an additional 710,357 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.
Wall Street Analyst Weigh In
ADBE has been the topic of several recent research reports. Wolfe Research reduced their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Mizuho reduced their price objective on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. TD Cowen reduced their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research note on Tuesday, March 10th. Morgan Stanley reduced their price objective on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Finally, Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $335.00 to $275.00 in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $343.88.
Adobe Stock Performance
Shares of Adobe stock opened at $239.31 on Thursday. The firm has a market cap of $96.73 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.95 and a beta of 1.52. The stock’s 50-day moving average is $259.42 and its 200-day moving average is $309.09. Adobe Inc. has a one year low of $233.15 and a one year high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm posted $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 analysts predict 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 the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer directly 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 filing with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.
More Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe launched Acrobat/Student Spaces, a free AI‑powered study tool aimed at students — expands Adobe’s AI product footprint, increases user engagement and top‑of‑funnel reach for future paid conversion. Adobe launches Acrobat Spaces, a free AI-powered study tool for students
- Positive Sentiment: Analysts note Adobe’s BPC (Digital Media) segment is growing from AI features and user expansion (Adobe cited as reaching ~850M users), supporting near‑term revenue and upsell opportunities. Adobe’s BPC Segment Grows From AI and User Expansion: What’s Ahead?
- Positive Sentiment: Coverage highlights Adobe “thriving” in the AI landscape — reinforcing a narrative that its entrenched workflows and AI integrations could defend pricing and retention vs. newer rivals. Adobe (ADBE) is Thriving in the AI Landscape
- Neutral Sentiment: Some outlets flag Adobe as a value/discounted long‑term buy today — a reminder that valuation re‑rating is part of investor debate even as fundamentals evolve. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
- Negative Sentiment: Concerns over leadership transition (planned retirement of CEO Shantanu Narayen) and intensifying AI competition have prompted analyst reassessments and investor caution — a near‑term risk to sentiment and premium valuation. Leadership Shift And AI Rivals Might Change The Case For Investing In Adobe (ADBE)
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.
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