First Pacific Financial Sells 2,446 Shares of Adobe Inc. $ADBE

First Pacific Financial lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 90.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 273 shares of the software company’s stock after selling 2,446 shares during the period. First Pacific Financial’s holdings in Adobe were worth $96,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its position in Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after buying an additional 1,952,994 shares during the period. Dodge & Cox boosted its position in shares of Adobe by 8,006.6% in the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after acquiring an additional 1,573,849 shares during the period. AQR Capital Management LLC grew its stake in shares of Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares during the last quarter. Amundi increased its position in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after acquiring an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. raised its stake 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 purchasing an additional 710,357 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $242.92 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50-day moving average of $262.98 and a 200-day moving average of $311.98. Adobe Inc. has a 52 week low of $233.15 and a 52 week high of $422.95. The company has a market capitalization of $98.19 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.95 and a beta of 1.52.

Adobe (NASDAQ:ADBE) last posted 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. 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 analysts’ expectations 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. As a group, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat, AI momentum and buyer arguments — Adobe reported solid Q1 results and investors on social channels point to accelerating AI-related ARR, high margins, buyback support and attractive multiples as reasons the selloff may be overdone; these fundamentals support a recovery thesis. Adobe Stock (ADBE) Opinions on Q1 Earnings and CEO Transition
• Positive Sentiment: Bullish analyst views and implied upside — some outlets and analysts still call ADBE undervalued versus a median analyst target near $310, giving upside potential if AI monetization accelerates and guidance holds. Bullish Analyst Sentiment on Adobe (ADBE) Amid Ongoing AI Advancements
• Neutral Sentiment: Insider and institutional flows mixed — recent insider sales and large repositioning by major institutions (some adding, some trimming) signal reallocation rather than a clear directional bet; watch 13F/insider updates for conviction changes. Adobe Stock (ADBE) Opinions on Q1 Earnings and CEO Transition
• Negative Sentiment: William Blair downgrade and lower price target — the downgrade to Market Perform with a steep cut to the target reduces near-term analyst support and can pressure sentiment and flows. William Blair Downgrades Adobe (ADBE) to Market Perform, Lowers PT
• Negative Sentiment: Alleged data breach claim — a threat actor has claimed theft of ~13M support tickets; even unconfirmed, this raises operational and reputational risk and could trigger regulatory scrutiny or customer churn if validated. Speculation mounts over alleged Adobe breach as threat actor claims theft of 13M support tickets
• Negative Sentiment: Legal and product-risk headlines — potential California class actions over terms of use and accusations that Adobe secretly rewrote users’ files add litigation and trust risk that could weigh on enterprise and consumer adoption. Adobe juggles potential class actions in California over its terms of use Adobe accused of secretly rewriting users’ computer files
• Negative Sentiment: Strategic risk from AI commoditization — analysts and industry voices warn that AI-driven feature parity (lower-cost competitors or embedded AI in other tools) could erode Adobe’s pricing power over time, complicating the long-term growth story. Semianalysis CEO: Adobe faces existential threat from AI commoditization

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the 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 transaction, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ADBE shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. HSBC set a $302.00 target price on shares of Adobe in a research note on Friday, February 13th. Mizuho lowered their price target on Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Morgan Stanley cut their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Finally, The Goldman Sachs Group reduced their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $343.88.

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.