Harvey Investment Co. LLC Sells 2,745 Shares of Adobe Inc. $ADBE

Harvey Investment Co. LLC cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 11.0% during the 4th quarter, HoldingsChannel reports. The fund owned 22,246 shares of the software company’s stock after selling 2,745 shares during the quarter. Harvey Investment Co. LLC’s holdings in Adobe were worth $7,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADBE. Riverbend Wealth Management LLC grew its holdings in shares of Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares during the last quarter. MCF Advisors LLC lifted its stake in Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in Adobe by 12.8% during the second quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after buying an additional 31 shares during the period. Finally, Orrstown Financial Services Inc. grew its stake in shares of Adobe by 1.2% during the third quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock valued at $927,000 after buying an additional 31 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

Adobe stock opened at $229.94 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market cap of $92.94 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.93 and a beta of 1.52. Adobe Inc. has a 1-year low of $227.70 and a 1-year high of $422.95. The firm has a 50-day moving average of $258.18 and a 200-day moving average of $308.54.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the topic of several analyst reports. HSBC set a $302.00 price objective on Adobe in a report on Friday, February 13th. William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. JPMorgan Chase & Co. decreased their price target on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. BMO Capital Markets lowered their price objective on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Finally, Stifel Nicolaus dropped their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average price target of $343.88.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched free AI-powered student tools (Acrobat/Student Spaces), expanding its consumer touchpoints and widening its funnel for future paid upgrades and ecosystem lock-in. Adobe launches Acrobat Spaces, a free AI-powered study tool for students
• Positive Sentiment: Adobe’s BPC (Digital Media) segment is growing from AI features and user expansion (cited ~850M users), supporting longer-term revenue upside if Adobe can monetize broader engagement. Adobe’s BPC Segment Grows From AI and User Expansion: What’s Ahead?
• Positive Sentiment: Coverage highlighting Adobe “thriving in the AI landscape” reinforces the narrative that Adobe’s AI-infused tools can drive product differentiation and monetization over time. Adobe (ADBE) is Thriving in the AI Landscape
• Neutral Sentiment: Leadership transition risk: reports about CEO Shantanu Narayen’s planned retirement and analyst reassessments inject succession uncertainty—could be managed well but increases near-term investor scrutiny. Leadership Shift And AI Rivals Might Change The Case For Investing In Adobe (ADBE)
• Negative Sentiment: Security incident: researcher reports a zero-day in Adobe Reader exploited via malicious PDFs since Dec 2025 — a reputational and operational headwind that could require urgent remediation and heighten enterprise caution. Adobe Reader Zero-Day Exploited for Months: Researcher
• Negative Sentiment: Sector rotation risk: CNBC’s Jim Cramer flagged a renewed “buy hardware, sell software” dynamic where infrastructure/AI-infrastructure names are outperforming traditional software — a headwind to software multiples including Adobe. Cramer explains the divergence in tech stocks – and why software may continue to lag

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.