Te Ahumairangi Investment Management Ltd Increases Stake in Adobe Inc. $ADBE

Te Ahumairangi Investment Management Ltd lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 43.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,940 shares of the software company’s stock after buying an additional 3,630 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Adobe were worth $4,212,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. LSV Asset Management raised its position in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the period. Caitlin John LLC purchased a new position in shares of Adobe in the 3rd quarter worth approximately $28,000. Horizon Financial Services LLC increased its position in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new position in shares of Adobe during the 2nd quarter valued at approximately $35,000. Finally, Howard Hughes Medical Institute purchased a new position in Adobe during the second quarter worth $36,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction on 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 directly owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

More 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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ADBE shares. Mizuho lowered their target price on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday. DA Davidson set a $300.00 price objective on shares of Adobe in a research report on Friday. Piper Sandler decreased their price objective on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday. Morgan Stanley cut their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Wolfe Research reduced their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $346.96.

Adobe Trading Down 6.4%

Adobe stock traded down $17.29 during trading hours on Friday, hitting $252.49. The company had a trading volume of 9,002,518 shares, compared to its average volume of 5,671,281. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $103.65 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.08 and a beta of 1.53. The company has a 50-day moving average price of $285.56 and a two-hundred day moving average price of $324.01. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $422.95.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 30.00% and a return on equity of 61.28%. 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 posted $5.08 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. 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 earnings per share for the current year.

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.