Landscape Capital Management L.L.C. Has $9.19 Million Stock Position in Adobe Inc. $ADBE

Landscape Capital Management L.L.C. lifted its position in Adobe Inc. (NASDAQ:ADBE) by 281.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,051 shares of the software company’s stock after acquiring an additional 19,223 shares during the period. Adobe comprises approximately 0.6% of Landscape Capital Management L.L.C.’s holdings, making the stock its 27th largest position. Landscape Capital Management L.L.C.’s holdings in Adobe were worth $9,189,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently weighed in on ADBE. BMO Capital Markets dropped their price target on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their target price on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group dropped their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Wolfe Research reduced their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, TD Cowen decreased their price target on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $349.36.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q1 results: revenue and EPS topped expectations and the company said AI‑first annualized recurring revenue more than tripled year‑over‑year, evidence that AI products are driving adoption. Adobe Delivers Record Q1 Results
• Positive Sentiment: Adobe emphasized continued product momentum and has been repurchasing stock, signaling management confidence in the balance sheet and long‑term cash returns to shareholders. Adobe’s Revenue Accelerates. Is It Time to Buy This?
• Neutral Sentiment: Management issued FY‑2026 and Q2 guidance that market participants are parsing for evidence of AI monetization; some see guidance as adequate, others view the tone as cautious amid sector volatility. Adobe Q1 earnings and guidance (MarketBeat)
• Negative Sentiment: CEO Shantanu Narayen said he will transition from the CEO role once a successor is named; investors are unsettled by leadership uncertainty at a pivotal moment for Adobe’s AI strategy. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: The market reaction has been sharp: shares are down after hours/premarket as traders price in succession risk and renewed AI‑disruption concerns that have pressured software valuations. Adobe shares drop after CEO exit adds to AI‑disruption concerns (Reuters)
• Negative Sentiment: Adobe agreed to pay $75 million to resolve a U.S. lawsuit over subscription cancellation fees — modest vs. Adobe’s market cap but another near‑term headline and cash outflow. Adobe to pay $75M to resolve US lawsuit (Reuters)
• Negative Sentiment: Several analysts trimmed price targets or issued cautious notes after the report and leadership news, adding downward pressure until clarity on succession and AI monetization emerges. TD Cowen Lowers PT on Adobe

Adobe Stock Down 6.1%

NASDAQ ADBE traded down $16.42 on Friday, reaching $253.36. The stock had a trading volume of 6,784,812 shares, compared to its average volume of 5,622,554. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $422.95. The business has a 50 day moving average price of $285.56 and a 200 day moving average price of $324.01. The company has a market capitalization of $104.01 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.08 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $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, analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $485,323.10. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.