Bourne Lent Asset Management Inc. Buys 3,077 Shares of Adobe Inc. $ADBE

Bourne Lent Asset Management Inc. boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,423 shares of the software company’s stock after acquiring an additional 3,077 shares during the quarter. Adobe accounts for 7.0% of Bourne Lent Asset Management Inc.’s holdings, making the stock its 5th largest position. Bourne Lent Asset Management Inc.’s holdings in Adobe were worth $21,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ADBE. Riverbend Wealth Management LLC boosted its holdings in Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after acquiring an additional 29 shares during the period. Beacon Financial Advisory LLC grew its position in Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after acquiring an additional 30 shares in the last quarter. MCF Advisors LLC increased its stake in Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares during the period. Dakota Community Bank & Trust NA lifted its position in shares of Adobe by 12.8% during the second quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock worth $106,000 after purchasing an additional 31 shares in the last quarter. Finally, Orrstown Financial Services Inc. lifted its position in shares of Adobe by 1.2% during the third quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock worth $927,000 after purchasing an additional 31 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Daniel Durn sold 1,646 shares of Adobe 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 sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. DA Davidson set a $300.00 target price on shares of Adobe in a research note on Friday, March 13th. Wells Fargo & Company dropped their price target on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. BMO Capital Markets cut their price objective on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. Stifel Nicolaus reduced their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Jefferies Financial Group decreased their target price on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $343.88.

Adobe Trading Down 2.5%

Shares of ADBE stock opened at $234.84 on Friday. The business’s fifty day moving average price is $268.38 and its 200 day moving average price is $315.73. The firm has a market capitalization of $94.92 billion, a PE ratio of 13.68, a P/E/G ratio of 0.94 and a beta of 1.53. 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 1-year low of $233.15 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

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.