Adobe Inc. $ADBE Shares Bought by Westpac Banking Corp

Westpac Banking Corp increased its position in Adobe Inc. (NASDAQ:ADBE) by 58.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,156 shares of the software company’s stock after purchasing an additional 11,073 shares during the period. Adobe accounts for about 0.7% of Westpac Banking Corp’s holdings, making the stock its 26th biggest holding. Westpac Banking Corp’s holdings in Adobe were worth $10,638,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Adobe in the 2nd quarter valued at $2,029,950,000. Franklin Resources Inc. grew its position in Adobe by 68.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after purchasing an additional 791,077 shares during the last quarter. Acadian Asset Management LLC increased its stake in Adobe by 218.5% in the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after purchasing an additional 736,682 shares during the period. Invesco Ltd. raised its holdings in shares of Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after buying an additional 610,215 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Adobe by 185.1% during the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after buying an additional 583,275 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks and other outlets note Adobe’s expanding AI integrations (Firefly, Acrobat AI) and partner ecosystem, which analysts say could underpin a recovery if execution accelerates. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: Some brokers and analysts still call Adobe a value opportunity after the selloff, arguing the late-stage tech pullback creates a buying window for well-positioned software franchises. The Late-Stage Bull Market Is a Buying Opportunity for Tech (ADBE)
• Neutral Sentiment: Piper Sandler remains constructive in commentary despite lowering its rating/target — that keeps institutional support but signals caution on mid-term growth risks. Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite Concerns
• Neutral Sentiment: Options-focused pieces point to elevated implied volatility and bullish/neutral option strategies (e.g., short iron condor), indicating traders expect bigger moves but mixed directional conviction. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Short-interest notices in the feed show anomalous zero/NaN data and don’t provide a clear signal on actual short positioning. (Treat reported figures as unreliable until clarified.)
• Negative Sentiment: Coverage raising the “how low can it go?” question highlights the risk narrative: a ~42% one‑year decline, heavy YTD underperformance, and investor concern that generative-AI incumbents may take share or compress pricing. How Low Can Adobe Stock Go?
• Negative Sentiment: Analysis pieces warn Adobe may be a “deep value or performance trap,” citing seat-compression, competition from Microsoft/Alphabet, and lowered analyst targets — factors that justify continued caution among investors. Adobe (ADBE): Deep Value Or Performance Trap In 2026? | 2-Minute Analysis
• Neutral Sentiment: Recent valuation notes (TipRanks) point out Adobe trading near ~15x earnings — making it cheaper by historical standards but raising the debate: AI casualty vs. generational opportunity. That valuation compression is a key driver of both buy and sell arguments. Adobe Stock Is Trading at 15x Earnings. Is This an AI Casualty or Generational Opportunity?

Adobe Stock Up 1.0%

ADBE opened at $257.81 on Thursday. The firm has a market cap of $105.83 billion, a P/E ratio of 15.43, a PEG ratio of 1.00 and a beta of 1.51. The business’s fifty day simple moving average is $303.45 and its 200 day simple moving average is $329.92. Adobe Inc. has a 52 week low of $244.28 and a 52 week high of $453.26. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its 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 company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.81 EPS. 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 research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Activity at Adobe

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 value of $485,323.10. Following the sale, the chief financial officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Piper Sandler lowered shares of Adobe from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $470.00 to $330.00 in a research report on Monday, February 2nd. Citigroup upped their price objective on shares of Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. UBS Group lowered their target price on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Finally, Oppenheimer lowered Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $392.76.

Adobe Company 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.