Fisher Funds Management LTD Lowers Position in Adobe Inc. $ADBE

Fisher Funds Management LTD decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 36.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,152 shares of the software company’s stock after selling 19,658 shares during the quarter. Fisher Funds Management LTD’s holdings in Adobe were worth $8,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IVC Wealth Advisors LLC increased its position in shares of Adobe by 5.0% in the first quarter. IVC Wealth Advisors LLC now owns 3,583 shares of the software company’s stock worth $871,000 after purchasing an additional 171 shares during the last quarter. Triad Wealth Partners LLC lifted its position in Adobe by 25.5% during the first quarter. Triad Wealth Partners LLC now owns 960 shares of the software company’s stock valued at $233,000 after purchasing an additional 195 shares during the last quarter. Park National Corp OH lifted its position in Adobe by 2.5% during the first quarter. Park National Corp OH now owns 2,536 shares of the software company’s stock valued at $616,000 after purchasing an additional 61 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Adobe by 11.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 170,659 shares of the software company’s stock valued at $41,484,000 after purchasing an additional 18,046 shares during the last quarter. Finally, Diversified Trust Co grew its stake in Adobe by 1.7% in the 1st quarter. Diversified Trust Co now owns 11,206 shares of the software company’s stock worth $2,724,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its Creative Agent and Firefly AI tools across Photoshop, Premiere, Illustrator, InDesign, and Frame.io, which could improve user productivity and support future monetization through deeper AI integration. Article Title
• Positive Sentiment: Adobe also announced an AI skills initiative with LinkedIn, reinforcing its positioning in the growing enterprise AI training and marketing workflow market. Article Title
• Neutral Sentiment: Adobe’s latest quarterly results beat expectations and management issued FY2026 guidance above consensus, but the stock has still lagged as investors question whether growth can reaccelerate enough to justify the valuation.
• Neutral Sentiment: Commentary from Jim Cramer was mixed, with a cautious tone around Adobe’s future because of competition and uncertainty about the company’s longer-term growth path. Article Title
• Negative Sentiment: Freedom Broker downgraded Adobe to Hold from Buy and sharply cut its price target, highlighting concerns that the post-earnings setup is less compelling than before. Article Title
• Negative Sentiment: Separate coverage noted Adobe stock falling alongside other software names amid a broader selloff in subscription software, suggesting the market is rotating away from the group despite solid fundamentals. Article Title

Insider Activity

In other news, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’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 transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADBE. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler dropped their price objective on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Sanford C. Bernstein cut their target price on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research report on Friday, June 12th. Robert W. Baird reduced their target price on Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Finally, Mizuho reduced their target price on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Adobe currently has an average rating of “Hold” and an average price target of $278.16.

Adobe Trading Up 0.2%

NASDAQ ADBE opened at $195.64 on Monday. The firm has a market cap of $77.77 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $392.58. The stock has a 50-day moving average of $240.37 and a 200-day moving average of $274.12. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, sell-side analysts forecast that Adobe Inc. will post 19.73 EPS for the current year.

Adobe declared that its board has initiated a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.