Hendershot Investments Inc. Sells 9,893 Shares of Adobe Inc. $ADBE

Hendershot Investments Inc. lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 30.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,272 shares of the software company’s stock after selling 9,893 shares during the period. Hendershot Investments Inc.’s holdings in Adobe were worth $7,795,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional grew its position in shares of Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock valued at $9,849,000 after buying an additional 11,769 shares during the last quarter. Wright Investors Service Inc. boosted its position in shares of Adobe by 114.4% during the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock valued at $3,499,000 after purchasing an additional 5,293 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after purchasing an additional 583,275 shares in the last quarter. Willis Investment Counsel boosted its position in shares of Adobe by 138.9% during the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after purchasing an additional 23,671 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Adobe by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock valued at $38,309,000 after purchasing an additional 32,448 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the topic of several research analyst reports. Piper Sandler cut their target price on Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Barclays lowered Adobe from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $335.00 to $275.00 in a research report on Friday, March 13th. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. The Goldman Sachs Group cut their target price on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Finally, Mizuho cut their price target on Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and a consensus target price of $343.88.

Insider Activity at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was 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 directly owned 41,995 shares of the company’s stock, 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 through this hyperlink. 0.20% of the stock is currently owned by company insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched the Firefly AI Assistant — a conversational, agentic tool that executes multi-step creative workflows across Photoshop, Premiere and Illustrator; integration with Anthropic’s Claude broadens model access and helped lift sentiment. Read More.
• Positive Sentiment: Feature coverage shows Firefly Assistant can perform complex design tasks from text prompts, reinforcing the product differentiation that investors view as driving adoption and upsells in Creative Cloud. Read More.
• Positive Sentiment: Adobe-reported data: AI-driven traffic to US retail sites is converting materially better than paid search/email (March: +42% vs non-AI), supporting the revenue potential of Adobe Experience Cloud’s AI features. Read More.
• Neutral Sentiment: Market commentary and social/trader chatter emphasize a rebound in software stocks and debate whether AI is accretive rather than disruptive; some funds are adding positions — this mixed but constructive sentiment is helping the rally. Read More.
• Neutral Sentiment: Adobe issued an emergency patch for a PDF zero?day that had been exploited; the quick fix reduces operational/security risk but highlights cyber risk exposure. Read More.
• Negative Sentiment: Competition risk: Anthropic is developing an AI design tool tied to Opus 4.7 that could challenge parts of Adobe and Figma’s market, prompting investor caution about long-term share of creative workflows. Read More.
• Negative Sentiment: Insider activity shows recent sales by senior executives (reported in market-data summaries), which some investors read as a modest negative signal even though overall institutional positioning remains mixed. Read More.

Adobe Stock Up 1.4%

Shares of NASDAQ:ADBE opened at $248.15 on Friday. The business’s 50 day simple moving average is $253.91 and its two-hundred day simple moving average is $304.38. The firm has a market cap of $100.30 billion, a P/E ratio of 14.45, a PEG ratio of 0.95 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during 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%.The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.