Heritage Investors Management Corp Has $23.08 Million Position in Adobe Inc. $ADBE

Heritage Investors Management Corp raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.6% during the third quarter, Holdings Channel.com reports. The fund owned 65,431 shares of the software company’s stock after purchasing an additional 2,270 shares during the period. Heritage Investors Management Corp’s holdings in Adobe were worth $23,081,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Adobe in the second quarter valued at about $2,029,950,000. Franklin Resources Inc. increased its stake in shares of Adobe by 68.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after acquiring an additional 791,077 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Adobe by 218.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after acquiring an additional 736,682 shares during the period. Invesco Ltd. boosted its stake in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after acquiring an additional 610,215 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after acquiring an additional 583,275 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADBE. BMO Capital Markets cut shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $400.00 to $375.00 in a research report on Friday, January 9th. Oppenheimer downgraded Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. DA Davidson reissued a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Robert W. Baird set a $350.00 price target on Adobe in a report on Wednesday, January 14th. Finally, Jefferies Financial Group lowered Adobe from a “buy” rating to a “hold” rating and dropped their price target for the stock from $500.00 to $400.00 in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $391.81.

Insider Activity at Adobe

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 transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe opened up a capability for unlimited generations in its Firefly AI Studio, which strengthens its AI product value proposition for creatives and could help drive higher engagement and monetization of generative features. Adobe announces it will now allow for unlimited generations in its Firefly AI Studio
• Positive Sentiment: Wall Street commentary remains broadly constructive, with several analysts continuing to highlight long-term upside and Adobe’s strong cash flow profile despite near-term headwinds. Wall Street maintains a positive outlook on Adobe Inc. (ADBE)
• Positive Sentiment: Adobe’s CFOs and other executives are publicly framing AI scaling (data, governance, production) as a prioritized, measurable initiative — messaging that supports the company’s long-term AI strategy and enterprise adoption. What CFOs at Adobe, Dataminr, and Huntington say about scaling AI
• Neutral Sentiment: Competitive analysis vs. Figma highlights mixed dynamics — faster growth at peers but Adobe’s much larger free cash flow and profitability, leaving valuation and growth trade-offs in focus for investors. Better Creative Tools Stock: Figma vs. Adobe
• Neutral Sentiment: Investor interest pages (Zacks, trending stories) show elevated attention but not a clear directional signal — useful for monitoring sentiment flow rather than immediate fundamentals. Is Trending Stock Adobe Inc. (ADBE) a Buy Now?
• Neutral Sentiment: Reported short-interest figures in the feed are inconsistent/zeroed out and do not provide a reliable signal today; continue to watch published short-interest reports for confirmation.
• Negative Sentiment: Adobe will discontinue Adobe Animate (shutting down March 1, 2026) as it reallocates resources toward AI — a move that could disrupt existing Animate customers and raises questions about product retention and execution in niche creative tools. Adobe Animate is shutting down as company focuses on AI
• Negative Sentiment: Baird recently cut its price target to $350 (from $410) citing AI competition and growth hurdles; other firms have trimmed targets or ratings, adding near-term selling pressure. Baird Slashes Adobe (ADB) PT to $350 Amid AI Competition, Growth Hurdles
• Negative Sentiment: Technical/market-watchers note Adobe has seen a large pullback (TipRanks: another ~12% last month) and is approaching a “make-or-break” support level — an added technical reason for investor caution. Adobe Stock (ADBE) Draws Near to Make-or-Break Support Level

Adobe Price Performance

Shares of ADBE opened at $293.38 on Tuesday. 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 twelve month low of $284.60 and a twelve month high of $465.70. The stock has a market capitalization of $120.43 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.15 and a beta of 1.51. The company has a 50 day moving average of $328.24 and a 200-day moving average of $341.14.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.