Gotham Asset Management LLC Acquires 22,769 Shares of Adobe Inc. $ADBE

Gotham Asset Management LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,627 shares of the software company’s stock after purchasing an additional 22,769 shares during the quarter. Gotham Asset Management LLC’s holdings in Adobe were worth $33,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LSV Asset Management raised its position in shares of Adobe by 350.0% in 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 acquired a new stake in shares of Adobe during the 3rd quarter worth about $28,000. Horizon Financial Services LLC boosted its holdings 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 worth $32,000 after buying an additional 80 shares during the period. Total Investment Management Inc. acquired a new position in Adobe in the 2nd quarter valued at about $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in Adobe in the 3rd quarter valued at about $35,000. 81.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the 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 sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic NVIDIA partnership — Adobe announced a collaboration with NVIDIA to accelerate next‑generation Firefly models and agentic creative/marketing workflows, which strengthens Adobe’s AI roadmap and cloud/compute partnerships. Adobe and NVIDIA Partnership
• Positive Sentiment: Unusually high call‑option activity and reported insider/strategist buying — Elevated call volumes (large purchases) and publicized purchases by strategist Jim Lebenthal signal some investors are positioning for upside. (No direct article link for options; strategist buy: linked.) Jim Lebenthal Bought ADBE
• Neutral Sentiment: Q1 results beat but market reaction mixed — Adobe beat EPS/revenue estimates and set FY‑2026 guidance (23.30–23.50 EPS) but the stock fell after the CEO exit news; fundamentals remain solid yet sentiment is fragile. (See earnings coverage in prior filings and summaries.)
• Negative Sentiment: Leadership transition creates uncertainty — Longtime CEO Shantanu Narayen’s planned exit has spooked investors and was cited as a primary reason for recent share weakness; leadership change raises execution risk during an important AI pivot. CEO Transition Coverage
• Negative Sentiment: $150M DOJ settlement — Adobe agreed to pay $150M over alleged subscription cancellation disclosure issues, a near‑term legal/headline overhang and modest cash/legal expense. DOJ Settlement
• Negative Sentiment: Analyst downgrades and widespread price‑target cuts — Multiple brokers trimmed targets and ratings (Barclays, Piper Sandler, BMO, Citi and others), increasing selling pressure and reducing near‑term upside expectations. Analyst Coverage & Target Cuts
• Negative Sentiment: Sector/headline pressure on software names — Broader skepticism around which software businesses benefit from AI (seat‑based pricing risk) has singled out Adobe as vulnerable vs. usage‑based peers. Sector Commentary
• Neutral Sentiment: Short‑interest data appears non‑informative this session — reported short interest entries were inconsistent/zero and aren’t providing clear directional signals today.

Adobe Stock Up 1.0%

NASDAQ ADBE opened at $251.86 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $422.95. The company has a 50 day moving average of $282.29 and a 200-day moving average of $322.04. The company has a market cap of $103.39 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.98 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last issued its quarterly 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. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business posted $5.08 earnings per share. The firm’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, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. HSBC set a $302.00 target price on Adobe in a research report on Friday, February 13th. Citigroup dropped their price target on Adobe from $315.00 to $278.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Monday, March 9th. Finally, KeyCorp decreased their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus price target of $346.42.

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.