Tocqueville Asset Management L.P. Has $25.19 Million Position in Adobe Inc. $ADBE

Tocqueville Asset Management L.P. cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 54.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,410 shares of the software company’s stock after selling 86,182 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Adobe were worth $25,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Johnson Financial Group Inc. lifted its position in Adobe by 38.7% during the 3rd quarter. Johnson Financial Group Inc. now owns 14,480 shares of the software company’s stock worth $5,108,000 after buying an additional 4,042 shares in the last quarter. Martingale Asset Management L P increased its position in Adobe by 35.9% in the 3rd quarter. Martingale Asset Management L P now owns 86,779 shares of the software company’s stock valued at $30,611,000 after acquiring an additional 22,906 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Adobe by 174.8% in the third quarter. Quadrature Capital Ltd now owns 207,797 shares of the software company’s stock worth $73,298,000 after acquiring an additional 132,173 shares during the last quarter. Ulland Investment Advisors LLC lifted its position in shares of Adobe by 13.1% during the third quarter. Ulland Investment Advisors LLC now owns 398 shares of the software company’s stock worth $140,000 after purchasing an additional 46 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of 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 purchasing an additional 1,952,994 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

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

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson set a $300.00 price target on shares of Adobe in a report on Friday. Morgan Stanley reduced their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research report on Monday. Wolfe Research dropped their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, BMO Capital Markets cut their price target on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $346.96.

Adobe Trading Down 6.4%

ADBE traded down $17.39 during trading on Friday, reaching $252.39. 8,482,899 shares of the company’s stock were exchanged, compared to its average volume of 5,660,943. The company’s fifty day moving average price is $285.56 and its 200-day moving average price is $324.01. The firm has a market capitalization of $103.61 billion, a PE ratio of 15.10, a P/E/G ratio of 1.08 and a beta of 1.53. Adobe Inc. has a fifty-two week low of $244.28 and a fifty-two week high of $422.95. 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 (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $5.08 EPS. The firm’s revenue 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 analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

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.