Adobe Inc. $ADBE Shares Bought by Glenmede Investment Management LP

Glenmede Investment Management LP boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 13.9% in the third quarter, HoldingsChannel.com reports. The fund owned 195,873 shares of the software company’s stock after acquiring an additional 23,834 shares during the quarter. Glenmede Investment Management LP’s holdings in Adobe were worth $69,094,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday. TD Cowen decreased their target price on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday. Mizuho lowered their price target on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Robert W. Baird set a $350.00 price objective on Adobe in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $347.85.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated 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 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. 0.20% of the stock is currently owned by corporate insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $249.32 on Friday. The company’s fifty day moving average price is $283.88 and its 200 day moving average price is $323.22. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $422.95. The company has a market capitalization of $102.35 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.23%. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $5.08 earnings per share. The company’s 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, research analysts predict 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.