Mediolanum International Funds Ltd Grows Stake in Adobe Inc. $ADBE

Mediolanum International Funds Ltd raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 22.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,078 shares of the software company’s stock after purchasing an additional 19,544 shares during the period. Mediolanum International Funds Ltd’s holdings in Adobe were worth $38,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management raised its holdings in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC purchased a new position in Adobe during the second quarter valued at approximately $31,000. Horizon Financial Services LLC increased its holdings in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares during the period. Total Investment Management Inc. bought a new position in Adobe in the second quarter worth approximately $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Adobe during the third quarter worth $35,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

ADBE opened at $293.25 on Friday. The firm’s 50-day moving average price is $328.75 and its 200-day moving average price is $341.80. The company has a market cap of $120.38 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.53. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52-week low of $284.60 and a 52-week high of $465.70.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the business posted $4.81 EPS. Adobe’s revenue for the quarter was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

ADBE has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 price target on the stock. Wolfe Research cut their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Oppenheimer downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $397.19.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Airtel partnership expands Adobe Express distribution to hundreds of millions of users, a large user‑growth and awareness catalyst that could help adoption and monetization in key markets. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
• Neutral Sentiment: Reported short‑interest data show effectively zero days to cover (odd/flat readings), indicating no clear short‑squeeze risk from current filings — the data don’t appear to be driving the move. (internal short‑interest entry)
• Neutral Sentiment: Apple’s new Creator Studio prompts discussion about competitive dynamics for creators; analysts see it as a different product rather than an immediate Adobe “killer,” but it raises long‑term competitive watchpoints. Apple’s Creator Studio Isn’t an Adobe Killer
• Negative Sentiment: Major brokerages (Goldman, BMO, Jefferies) issued downgrades on ADBE, which has directly pressured the stock as investors mark down near‑term expectations and valuation multiples. Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
• Negative Sentiment: Adobe disclosed insider selling: the CFO sold about $485k of stock. While single insider sales can be routine, the move adds to negative sentiment when combined with analyst downgrades. Adobe (NASDAQ:ADBE) CFO Sells $485,323.10 in Stock
• Negative Sentiment: Adobe’s acquisition of Semrush at a reported ~78% premium drew attention for being an expensive bolt‑on, raising questions about deal discipline and near‑term EPS/ROI impact. That concern is amplifying sell‑side caution. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium

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.