Legal & General Group Plc Increases Stock Holdings in Adobe Inc. $ADBE

Legal & General Group Plc increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,142,035 shares of the software company’s stock after purchasing an additional 48,578 shares during the quarter. Legal & General Group Plc owned 0.75% of Adobe worth $1,108,353,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ADBE. Norges Bank purchased a new position in Adobe during the second quarter worth $2,029,950,000. Franklin Resources Inc. lifted its holdings in shares of Adobe by 68.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after acquiring an additional 791,077 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 acquiring an additional 710,357 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after purchasing an additional 583,275 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $282.43 on Tuesday. The firm’s 50 day simple moving average is $290.24 and its 200-day simple moving average is $325.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a one year low of $244.28 and a one year high of $444.54. The firm has a market cap of $115.94 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on ADBE shares. UBS Group reduced their price objective on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Piper Sandler restated a “neutral” rating on shares of Adobe in a research report on Wednesday, March 4th. Morgan Stanley cut their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. Oppenheimer lowered Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $386.08.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Expanded commercial win: Adobe expanded its multi‑year partnership with Major League Baseball to deliver AI‑driven fan experiences, reinforcing real‑world adoption of Adobe’s cloud and AI tools. Adobe and Major League Baseball Expand Partnership
• Positive Sentiment: Notable accumulation: Reports that Michael Burry has taken a sizeable position in ADBE and that hedge funds/institutions have been buyers adds a value-oriented, conviction buyer to the shareholder base, which can support the shares into earnings. Michael Burry Backs Adobe
• Positive Sentiment: Analyst endorsement: Royal Bank of Canada reaffirmed an “outperform” rating with a $430 price target, signaling continued institutional confidence in Adobe’s longer‑term AI/product transition. RBC Outperform
• Neutral Sentiment: Upcoming earnings are the main near‑term catalyst — previews and models expect roughly $6.28B revenue and ~$5.87–5.88 EPS; investors will watch AI product uptake and guidance on March 12. Adobe Q1 Earnings Loom
• Neutral Sentiment: Market calendar/inflation backdrop: Macro reports (CPI/PCE) and broader tech/AI earnings this week could amplify moves in ADBE; these are market‑wide risk factors rather than Adobe‑specific. Oracle, Adobe Earnings and Inflation Data
• Neutral Sentiment: Short‑interest report appears to show zero change (likely a reporting/data anomaly) and thus provides no clear directional signal to the market today.
• Neutral Sentiment: Wells Fargo trimmed its price target from $420 to $405 but kept an “overweight” rating, a mixed signal: lower target but continued long bias. Wells Fargo Target Lowered
• Negative Sentiment: Citi (and other outlets) cut its price target and called for an “uneventful” Q1, which reduces near‑term analyst support and can weigh on sentiment ahead of results. Citi Cuts Price Target
• Negative Sentiment: Minor selling by a public figure (Sen. Boozman) and other reported insider/institutional trades are being noted by markets; although not necessarily indicative of company fundamentals, such sales can pressure sentiment in the short term. Sen. John Boozman Sells Shares

Insider Activity at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.