Knights of Columbus Asset Advisors LLC Acquires 14,807 Shares of Adobe Inc. $ADBE

Knights of Columbus Asset Advisors LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 161.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,970 shares of the software company’s stock after acquiring an additional 14,807 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Adobe were worth $8,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. LSV Asset Management lifted its stake in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the last quarter. Nexus Investment Management ULC bought a new position in Adobe in the 2nd quarter valued at about $31,000. Horizon Financial Services LLC lifted its position in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Adobe during the second quarter worth approximately $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Adobe in the third quarter valued at approximately $35,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Down 2.6%

Adobe stock opened at $291.65 on Friday. The firm has a market cap of $119.72 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.18 and a beta of 1.53. Adobe Inc. has a 52-week low of $284.60 and a 52-week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average price of $329.37 and a two-hundred day moving average price of $342.46.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent research reports. Mizuho reduced their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. TD Cowen reduced their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Wolfe Research lowered their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $397.19.

Insider Buying and Selling

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bharti Airtel partnership expands Adobe Express reach to hundreds of millions of users — Airtel will give free Adobe Express Premium access to its user base (reported across outlets), which should boost user adoption and long?term monetization opportunities in India and other markets. Airtel offers 360M users free Adobe Express Premium
• Positive Sentiment: Product momentum: meaningful Photoshop upgrades may support subscriber retention/ARPU — press coverage highlights enhancements (clarity/dehaze layers and other workflow features) that strengthen Creative Cloud differentiation for pros. Adobe Announces New Upgrades To Photoshop
• Neutral Sentiment: Market chatter and commentary are mixed — TV and column remarks (e.g., Jim Cramer saying he’s unsure) and premarket writeups note the stock is following broader tech weakness; these are sentiment drivers but add no new fundamental change. “I Don’t Know What to do With Adobe,” Says Jim Cramer
• Negative Sentiment: Acquisition concerns: Adobe bought Semrush at a ~78% premium — investors may view the price as expensive, raising worries about overpaying, near?term cash/earnings impact and integration risk. Adobe Acquired Semrush Holdings at a 78% premium
• Negative Sentiment: Semrush merger legal risk — shareholder lawsuits over the proposed deal add potential delay, costs and execution uncertainty. Semrush Faces Shareholder Lawsuits
• Negative Sentiment: Analyst downgrades and comparative calls — recent downgrades (Goldman, BMO, Jefferies coverage) and pieces favoring other enterprise/AI software names (Salesforce, Figma) pressure sentiment and lower the stock’s near?term outlook. Goldman, BMO, and Jefferies downgrade Adobe
• Negative Sentiment: Insider selling: CFO Daniel Durn sold shares recently — such filings can weigh on investor sentiment even if routine. Adobe CFO Daniel Durn Sells Shares

Adobe 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.