Adobe Inc. $ADBE Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 35.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,779 shares of the software company’s stock after buying an additional 22,906 shares during the period. Adobe makes up approximately 0.8% of Martingale Asset Management L P’s portfolio, making the stock its 27th largest position. Martingale Asset Management L P’s holdings in Adobe were worth $30,611,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after acquiring an additional 344,816 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after acquiring an additional 1,952,994 shares during the last quarter. Norges Bank purchased a new stake in Adobe in the second quarter valued at $2,029,950,000. Invesco Ltd. raised its position in Adobe by 9.4% in the third quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock valued at $1,700,850,000 after purchasing an additional 414,526 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Adobe by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 3,142,035 shares of the software company’s stock valued at $1,108,353,000 after purchasing an additional 48,578 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $269.78 on Friday. The business’s fifty day moving average price is $285.56 and its 200 day moving average price is $324.01. Adobe Inc. has a 12-month low of $244.28 and a 12-month high of $422.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $110.74 billion, a PE ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 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 return on equity of 61.28% and a net margin of 30.00%.Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $5.08 EPS. 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, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Insider Activity

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 shares were 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 owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ADBE shares. Jefferies Financial Group lowered their price target on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Piper Sandler restated a “neutral” rating on shares of Adobe in a report on Wednesday, March 4th. Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. The Goldman Sachs Group assumed coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 target price for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $375.96.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Beat on Q1 EPS and revenue — Adobe reported stronger-than-expected EPS and revenue for the quarter, confirming solid top-line growth. Adobe Systems (ADBE) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised FY and Q2 guidance — Adobe gave FY‑2026 EPS and revenue targets above consensus and provided Q2 EPS guidance ahead of street estimates, signaling management sees medium‑term strength. Adobe earnings / guidance details
• Neutral Sentiment: AI-driven metrics strong but early — Adobe said AI-first ARR more than tripled and subscription revenue rose, supporting strategic progress even if monetization timing is uncertain. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Healthy cash flow and margins — operating cash flow and gross profit improved, which cushions near-term concerns and supports valuation over time. QuiverQuant Q1 financials summary
• Negative Sentiment: CEO Shantanu Narayen to transition — Narayen’s decision to step down once a successor is named injected leadership uncertainty; investors worry about execution through a management change at a critical AI inflection. Shantanu Narayen Announces Decision to Transition
• Negative Sentiment: Muted near-term profit signal spooks investors — despite beats, commentary and some forward commentary were interpreted as conservative on near-term profit acceleration from AI, prompting the sell-off. Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast
• Negative Sentiment: Market skepticism and analyst moves — Adobe’s stock has underperformed YTD, some firms have trimmed targets or reiterated caution, amplifying weakness after the print. TD Cowen lowers PT on Adobe

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.