Adobe Inc. $ADBE Stock Position Decreased by Amiral Gestion

Amiral Gestion reduced its position in Adobe Inc. (NASDAQ:ADBE) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,141 shares of the software company’s stock after selling 24,967 shares during the quarter. Adobe comprises approximately 12.6% of Amiral Gestion’s investment portfolio, making the stock its 2nd largest position. Amiral Gestion’s holdings in Adobe were worth $34,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADBE. CX Institutional increased its position in shares of Adobe by 72.9% in the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after buying an additional 11,769 shares in the last quarter. Wright Investors Service Inc. boosted its position in shares of Adobe by 114.4% in the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after buying an additional 5,293 shares in the last quarter. Federated Hermes Inc. grew its stake in Adobe by 185.1% in the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after acquiring an additional 583,275 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Adobe by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after acquiring an additional 32,448 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after acquiring an additional 710,357 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 2.5%

ADBE stock opened at $234.84 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $94.92 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.94 and a beta of 1.53. The business has a fifty day simple moving average of $268.38 and a 200-day simple moving average of $315.73. Adobe Inc. has a 52 week low of $233.15 and a 52 week 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, beating analysts’ consensus estimates of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’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 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. On average, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ADBE. Argus reaffirmed a “hold” rating on shares of Adobe in a report on Monday, March 16th. Jefferies Financial Group cut their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. KeyCorp reduced their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. Stifel Nicolaus dropped their price target on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Finally, The Goldman Sachs Group cut their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $343.88.

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.

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on 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 owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

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.