AustralianSuper Pty Ltd Increases Stake in Adobe Inc. $ADBE

AustralianSuper Pty Ltd raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 236.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,840 shares of the software company’s stock after purchasing an additional 233,814 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Adobe were worth $117,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Adobe in the 2nd quarter worth approximately $2,029,950,000. Franklin Resources Inc. lifted its position in shares of Adobe by 68.9% during the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after acquiring an additional 791,077 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Adobe by 218.5% in the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after acquiring an additional 736,682 shares during the period. Invesco Ltd. grew its position 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 purchasing an additional 610,215 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after purchasing an additional 583,275 shares during the period. Institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ADBE. Morgan Stanley cut their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Finally, Jefferies Financial Group downgraded shares of Adobe from a “buy” rating to a “hold” rating and cut their price target for the company from $500.00 to $400.00 in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average target price of $397.19.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Major Photoshop product update — Adobe rolled out a wide set of Photoshop improvements (new layers & workflow controls) that could help retain and expand Creative Cloud subscribers and monetization over time. Adobe Photoshop Gets a Major Update
• Positive Sentiment: Press frames upgrades as meaningful for pro workflows — coverage (Forbes) highlights realism/precision gains that support long‑term ARPU and enterprise appeal, reinforcing the product‑momentum case. Adobe Announces New Upgrades To Photoshop
• Neutral Sentiment: Short‑interest data noisy / shows no signal — January short‑interest figures released are effectively zero/NaN and do not imply a clear short‑squeeze or crowd positioning signal.
• Neutral Sentiment: Executive compensation & severance update — Adobe disclosed 2026 pay plans and a new severance policy; typically governance details are neutral for near‑term price moves unless they escalate. Executive compensation and severance policy
• Negative Sentiment: CFO insider sale — CFO Daniel Durn sold 1,646 shares (~$485k), a small but visible reduction in insider ownership that can rattle sentiment when combined with other negatives. CFO Daniel Durn Sells Shares
• Negative Sentiment: Analyst/peer comparison favors Salesforce — a Zacks piece argues CRM is the stronger enterprise‑software buy today (AI/agent momentum and margin story), which can divert capital away from Adobe. CRM vs. ADBE: Which Enterprise Software Stock Is the Better Buy?
• Negative Sentiment: Semrush merger legal risk — shareholder lawsuits against Semrush could delay or complicate Adobe’s proposed acquisition, adding near‑term uncertainty and potential costs. Semrush merger legal risk

Insider Activity

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by corporate insiders.

Adobe Stock Performance

Adobe stock opened at $299.58 on Thursday. Adobe Inc. has a fifty-two week low of $288.33 and a fifty-two week high of $465.70. 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 stock has a market cap of $122.98 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.53. The firm’s fifty day moving average price is $329.78 and its 200-day moving average price is $342.82.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the prior year, the firm earned $4.81 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.