Adobe Inc. $ADBE Stock Position Lessened by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,961,853 shares of the software company’s stock after selling 272,625 shares during the quarter. Fisher Asset Management LLC’s holdings in Adobe were worth $1,386,609,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Pacific Wealth Management LP bought a new position in shares of Adobe in the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new position in Adobe during the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Adobe during the third quarter valued at about $27,000. Caitlin John LLC bought a new position in Adobe during the third quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP bought a new position in Adobe during the fourth quarter valued at about $28,000. Institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is getting fresh buzz from its deeper integration with Google Gemini, including the ability for users to access Photoshop and Premiere Pro tools inside the AI assistant. That could expand Adobe’s reach and strengthen demand for its creative software. Article Title
• Positive Sentiment: Articles highlighting Adobe’s Digital Experience business say the company is well positioned to benefit from the digital content boom, with Experience Cloud and AI tools like Firefly and Sensei serving demand in ads and e-commerce. Article Title
• Positive Sentiment: Some market commentary argues Adobe looks inexpensive relative to its growth outlook after the broad software selloff, which may be attracting value-oriented investors. Article Title
• Neutral Sentiment: Additional coverage says Adobe is using agentic AI to defend its software moat, reinforcing the view that management is leaning into AI to support its competitive position. Article Title
• Negative Sentiment: One market recap noted Adobe stock fell in the latest session while the broader market advanced, underscoring continued volatility and investor caution around the name. Article Title
• Negative Sentiment: Governance-related headlines are also adding a small overhang, with renewed attention on trading activity tied to Adobe shares amid existing shareholder litigation. Article Title

Analysts Set New Price Targets

Several brokerages recently weighed in on ADBE. The Goldman Sachs Group decreased their target price on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Morgan Stanley decreased their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Argus reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Stifel Nicolaus decreased their target price on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, Summit Redstone set a $350.00 target price on Adobe in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe presently has an average rating of “Hold” and an average target price of $338.15.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $244.76 on Monday. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $421.48. The company has a market cap of $98.93 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.95 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $245.05 and a 200-day simple moving average of $287.11.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business posted $5.08 earnings per share. Adobe’s revenue was up 12.0% compared to the same quarter last year. 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 predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 over the last three months. Insiders own 0.20% of the company’s stock.

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.