Algert Global LLC Makes New Investment in Adobe Inc. $ADBE

Algert Global LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,744 shares of the software company’s stock, valued at approximately $6,965,000.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Adobe in the second quarter valued at $2,029,950,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Dodge & Cox raised its holdings in shares of Adobe by 8,006.6% in the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after purchasing an additional 1,573,849 shares during the period. AQR Capital Management LLC raised its holdings in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after purchasing an additional 920,353 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Adobe by 68.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after purchasing an additional 791,077 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADBE. JPMorgan Chase & Co. reduced their price target on Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a report on Friday. Wolfe Research cut their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Weiss Ratings downgraded Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a report on Friday. Finally, Citigroup dropped their price target on Adobe from $315.00 to $278.00 and set a “neutral” rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $346.42.

Adobe Price Performance

Shares of Adobe stock opened at $251.86 on Tuesday. Adobe Inc. has a twelve month low of $244.28 and a twelve month high of $422.95. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $282.29 and a two-hundred day simple moving average of $322.04. The stock has a market capitalization of $103.39 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53.

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

Key Adobe News

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.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.