3Chopt Investment Partners LLC Has $716,000 Stock Holdings in Adobe Inc. $ADBE

3Chopt Investment Partners LLC cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 51.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,046 shares of the software company’s stock after selling 2,160 shares during the period. 3Chopt Investment Partners LLC’s holdings in Adobe were worth $716,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Adobe during the 4th quarter valued at $2,275,165,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after buying an additional 1,952,994 shares during the last quarter. Dodge & Cox boosted its stake in shares of Adobe by 8,006.6% during the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after acquiring an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares in the last quarter. Finally, Amundi increased its holdings in shares of Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after acquiring an additional 742,646 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADBE. DA Davidson set a $300.00 target price on Adobe in a report on Friday, March 13th. 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. Summit Redstone set a $350.00 price target on shares of Adobe in a research report on Friday, April 17th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Piper Sandler decreased their price objective on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $338.15.

Adobe Price Performance

Shares of Adobe stock opened at $274.03 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $110.76 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42. The firm has a fifty day moving average price of $244.67 and a two-hundred day moving average price of $283.66. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $421.48.

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, topping the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Analysts expect that Adobe Inc. will post 19.15 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to reacquire up to 24.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a software sector rally after Nvidia unveiled new AI hardware, which investors see as supportive for AI-enabled creative and enterprise software demand. ServiceNow, Adobe stocks jump as Nvidia’s new AI chip sparks software rally
• Positive Sentiment: News that Adobe’s Photoshop and Premiere products may get a major AI speed boost through Nvidia RTX Spark could strengthen the investment case for Adobe’s AI strategy and product performance. Adobe x Nvidia RTX Spark: Photoshop, Premiere get 2x AI speed boost
• Positive Sentiment: Coverage highlighting Adobe’s AI headshot generator and efforts to prepare workers for AI reinforces the view that Adobe is monetizing AI across its creative and productivity suite. Want an Image Glow Up? Adobe’s AI Headshot Generator Makes You Look Like a Pro What Adobe Is Doing To Prepare Curious And Creative Workers For AI
• Positive Sentiment: Adobe’s upcoming June 11 earnings release is keeping attention on the stock, with investors hoping the report confirms stable growth and strong AI-related demand. Adobe to Announce Q2 FY2026 Earnings Results on June 11, 2026
• Neutral Sentiment: Adobe India MD Prativa Mohapatra stepping down is a leadership change, but it appears limited in immediate financial impact unless more turnover follows. Adobe India MD Prativa Mohapatra steps down after nearly five years
• Neutral Sentiment: Several commentary pieces note that Adobe remains well below its prior peak and faces mixed analyst views, so sentiment is improving but still cautious ahead of earnings. Adobe (ADBE) Soars 7.4%: Is Further Upside Left in the Stock? What’s behind Adobe stock’s newfound momentum on Monday?
• Negative Sentiment: One Zacks note warned that recent earnings estimate revisions may limit further near-term upside, suggesting some investors are still skeptical despite the recent rebound. Adobe (ADBE) Soars 7.4%: Is Further Upside Left in the Stock?

Insider Activity at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock worth $18,782,773 over the last three months. Company insiders own 0.20% of the company’s stock.

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.