Thompson Investment Management Inc. Increases Stock Holdings in Adobe Inc. $ADBE

Thompson Investment Management Inc. increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 13.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,840 shares of the software company’s stock after acquiring an additional 2,324 shares during the quarter. Thompson Investment Management Inc.’s holdings in Adobe were worth $6,944,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Adobe in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Adobe during the 3rd quarter valued at approximately $27,000. Caitlin John LLC acquired a new position in Adobe in the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP acquired a new position in Adobe in the fourth quarter valued at approximately $28,000. Finally, Chesapeake Asset Management LLC purchased a new position in Adobe in the fourth quarter worth approximately $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of ADBE opened at $234.84 on Monday. Adobe Inc. has a fifty-two week low of $233.15 and a fifty-two week high of $422.95. The firm’s 50 day moving average price is $268.38 and its 200 day moving average price is $315.21. The company has a market cap of $94.92 billion, a P/E ratio of 13.68, a PEG ratio of 0.92 and a beta of 1.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $5.08 EPS. 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, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several recent analyst reports. Citigroup cut their target price on Adobe from $315.00 to $278.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. UBS Group decreased their price target on Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the stock an “outperform” rating in a research report on Friday, March 13th. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Friday, March 13th. Finally, KeyCorp decreased their target price on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $343.88.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

About Adobe

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.