Meridian Management Co. Has $5.89 Million Stock Position in Adobe Inc. $ADBE

Meridian Management Co. raised its position in Adobe Inc. (NASDAQ:ADBE) by 48.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,706 shares of the software company’s stock after buying an additional 5,448 shares during the period. Adobe accounts for about 1.6% of Meridian Management Co.’s investment portfolio, making the stock its 18th biggest position. Meridian Management Co.’s holdings in Adobe were worth $5,893,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC bought a new position in shares of Adobe in the second quarter valued at about $31,000. Horizon Financial Services LLC lifted its position in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares in the last quarter. Total Investment Management Inc. acquired a new position in Adobe during the 2nd quarter worth about $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in Adobe during the 3rd quarter worth about $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 capitalization of $119.72 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.18 and a beta of 1.53. The company’s 50 day simple moving average is $329.37 and its 200 day simple moving average is $342.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Adobe Inc. has a fifty-two week low of $284.60 and a fifty-two week high of $465.70.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Airtel deal expands Adobe Express reach to hundreds of millions of users, which could broaden top‑of‑funnel distribution and future monetization opportunities. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
• Positive Sentiment: Analysts and commentators note Adobe’s strong cash balance and argue it supports upside potential and deal-making flexibility. Adobe Stock: High Cash, Higher Upside?
• Neutral Sentiment: Coverage compares Adobe with rivals (Apple’s Creator Studio, Figma) around creator tools and AI — highlights competitive pressure but not an immediate earnings hit. Apple’s Creator Studio Isn’t an Adobe Killer
• Neutral Sentiment: Editorials discuss AI competition (Figma vs. Adobe) — strategic relevance over time, but no immediate operational surprise. Better AI Software Stock: Figma vs. Adobe
• Neutral Sentiment: Media personalities (Jim Cramer) express uncertainty on Adobe’s near‑term path — can influence retail sentiment but is not a fundamental change. “I Don’t Know What to do With Adobe (ADBE),” Says Jim Cramer
• Negative Sentiment: Goldman, BMO and Jefferies downgraded Adobe, citing valuation and/or growth concerns — analyst downgrades have pressured the stock and likely prompted selling. Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
• Negative Sentiment: Chief Financial Officer sold roughly $485K of Adobe stock — insider selling often hurts sentiment even when amounts are modest relative to market cap. Adobe (NASDAQ:ADBE) CFO Sells $485,323.10 in Stock
• Negative Sentiment: Adobe’s acquisition of Semrush at an ~78% premium drew investor concern about deal price and near‑term dilution/returns, a headline that likely amplified selling pressure. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on ADBE shares. Mizuho decreased their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research report on Monday, December 29th. Morgan Stanley decreased their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Robert W. Baird set a $350.00 price objective on Adobe in a report on Wednesday, January 14th. Finally, TD Cowen lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $397.19.

About Adobe

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.