Adobe Inc. $ADBE is Amiral Gestion’s 2nd Largest Position

Amiral Gestion lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 20.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 99,141 shares of the software company’s stock after selling 24,967 shares during the quarter. Adobe comprises about 12.6% of Amiral Gestion’s holdings, making the stock its 2nd largest position. Amiral Gestion’s holdings in Adobe were worth $34,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in Adobe in the third quarter valued at approximately $26,000. Caitlin John LLC acquired a new position in shares of Adobe during the third quarter worth $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Adobe in the fourth quarter valued at $28,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Adobe in the third quarter valued at $27,000. Finally, Total Investment Management Inc. acquired a new stake in Adobe during the 2nd quarter valued at $35,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adobe

In related 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ADBE shares. HSBC set a $302.00 price objective on shares of Adobe in a report on Friday, February 13th. Argus restated a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Citigroup cut 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, March 16th. 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, March 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $343.88.

Key Adobe News

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.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $234.84 on Friday. Adobe Inc. has a 12-month low of $233.15 and a 12-month high of $422.95. The company has a market cap of $94.92 billion, a PE ratio of 13.68, a P/E/G ratio of 0.94 and a beta of 1.53. The stock has a 50 day simple moving average of $268.38 and a 200-day simple moving average of $315.73. The company has a current ratio of 0.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last posted its 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 firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $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, equities research analysts forecast that Adobe Inc. will post 16.65 EPS 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.