Prudential PLC Has $16.93 Million Holdings in Adobe Inc. $ADBE

Prudential PLC cut its stake in Adobe Inc. (NASDAQ:ADBE) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,000 shares of the software company’s stock after selling 7,284 shares during the period. Prudential PLC’s holdings in Adobe were worth $16,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after buying an additional 486 shares during the last quarter. United Bank increased its stake in shares of Adobe by 12.8% in the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after buying an additional 428 shares during the period. Schnieders Capital Management LLC. raised its position in shares of Adobe by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after acquiring an additional 190 shares during the last quarter. Finally, Nwam LLC raised its position in shares of Adobe by 6.8% during the second quarter. Nwam LLC now owns 630 shares of the software company’s stock worth $233,000 after acquiring an additional 40 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. Mizuho decreased their price target on Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday. KeyCorp dropped their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group set a $220.00 price target on shares of Adobe and gave the stock a “sell” rating in a research report on Friday. Finally, Piper Sandler dropped their price target on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Adobe currently has a consensus rating of “Hold” and an average price target of $347.85.

Insiders Place Their Bets

In related news, CFO Daniel Durn sold 1,646 shares of Adobe 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 $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Adobe Trading Down 7.6%

NASDAQ ADBE opened at $249.32 on Friday. Adobe Inc. has a 12 month low of $244.28 and a 12 month high of $422.95. The stock has a 50-day simple moving average of $283.88 and a 200 day simple moving average of $323.22. 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 $102.35 billion, a PE ratio of 14.52, a P/E/G ratio of 1.06 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.23% and a net margin of 29.48%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research 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.