Meyer Handelman Co. raised its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,858 shares of the software company’s stock after acquiring an additional 2,338 shares during the quarter. Meyer Handelman Co.’s holdings in Adobe were worth $9,400,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Riverbend Wealth Management LLC lifted its stake in shares of Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares during the period. Beacon Financial Advisory LLC grew its position in Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after buying an additional 30 shares during the period. MCF Advisors LLC increased its holdings in Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after buying an additional 30 shares in the last quarter. Dakota Community Bank & Trust NA lifted its position in shares of Adobe by 12.8% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after acquiring an additional 31 shares during the period. Finally, Orrstown Financial Services Inc. lifted its position in shares of Adobe by 1.2% during the 3rd quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock valued at $927,000 after acquiring an additional 31 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ADBE has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Mizuho decreased their target price on Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. JPMorgan Chase & Co. dropped their price target on Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Weiss Ratings downgraded Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $343.88.
Adobe Stock Performance
NASDAQ ADBE opened at $243.08 on Wednesday. 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 Inc. has a fifty-two week low of $233.15 and a fifty-two week high of $422.95. The business has a fifty day moving average of $266.33 and a 200-day moving average of $313.69. The stock has a market cap of $98.25 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.94 and a beta of 1.53.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating 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 analyst estimates of $6.28 billion. During the same quarter last year, the company earned $5.08 earnings per share. The business’s revenue for the quarter 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. As a group, analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.
Insider Activity at Adobe
In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.
Key Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Firefly custom AI models: Adobe highlighted custom AI model capabilities in Firefly that let creatives and enterprises build branded, controllable generative models — a competitive advantage for enterprise AI workflows and monetization of content/brand-safe models. What makes Adobe Firefly’s custom AI models so exciting for creatives
- Positive Sentiment: Product innovation — Illustrator AI features: Adobe rolled out an Illustrator “Turntable” feature and AI tools to rotate 2D vectors in 3D space, strengthening its Creative Cloud value proposition and stickiness for professional users. Adobe Illustrator can now use AI to rotate 2D vectors in 3D space
- Positive Sentiment: International advisory hire: Former Airtel CEO Manoj Kohli joined Adobe’s international advisory board, signaling focus on global expansion and partnerships in key emerging markets — supportive for enterprise and emerging‑market growth strategies. Former Airtel CEO Manoj Kohli joins Adobe international advisory board
- Neutral Sentiment: Analyst/coverage attention: Zacks and other outlets are featuring Adobe in investment idea pieces and watchers’ lists — raises visibility but not immediate fundamental change. Zacks Investment Ideas feature highlights Adobe’s and Microsoft
- Neutral Sentiment: Market sentiment lift: Adobe was among several tech names that jumped in a session tied to improved geopolitical talks — a short‑term sentiment boost rather than company‑specific news. Adobe, Paycom, Pegasystems, Salesforce, and Box Shares Are Soaring, What You Need To Know
- Negative Sentiment: UK CMA probe into subscription cancellations: The Competition and Markets Authority opened an inquiry into Adobe’s early cancellation costs and subscription practices, which introduces regulatory and reputational risk and could force policy or pricing changes. Adobe Faces CMA Probe As Subscription Model And Valuation Come Into Focus
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.
See Also
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