Johnson Financial Group Inc. Has $5.11 Million Holdings in Adobe Inc. $ADBE

Johnson Financial Group Inc. raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 38.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,480 shares of the software company’s stock after buying an additional 4,042 shares during the quarter. Johnson Financial Group Inc.’s holdings in Adobe were worth $5,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after buying an additional 344,816 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after acquiring an additional 1,952,994 shares in the last quarter. Norges Bank bought a new position in Adobe in the second quarter valued at $2,029,950,000. Invesco Ltd. increased its holdings in Adobe by 9.4% during the 3rd quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock worth $1,700,850,000 after purchasing an additional 414,526 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Adobe by 1.6% during the third quarter. Legal & General Group Plc now owns 3,142,035 shares of the software company’s stock valued at $1,108,353,000 after acquiring an additional 48,578 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and healthy top-line growth — Revenue rose ~12% to $6.40B and non-GAAP EPS of $6.06 topped estimates, showing continued subscription and enterprise strength. Read More.
• Positive Sentiment: Strong AI and subscription trends — Adobe said AI-first ARR more than tripled year-over-year and subscription revenue grew ~13%, evidence management sees early traction for AI features. Read More.
• Positive Sentiment: Outlook above some expectations — Fiscal FY26 and Q2 EPS guidance was raised into ranges that sit above prior consensus, signaling management expects continuing growth. Read More.
• Neutral Sentiment: Planned, managed transition — Narayen will remain as board chair to help with succession, which reduces abrupt-exit risk but leaves strategy execution questions. Read More.
• Negative Sentiment: Leadership uncertainty hit sentiment — The CEO exit at a critical AI-inflection point unsettled investors and overshadowed the beat, prompting heavy selling pressure. Read More.
• Negative Sentiment: AI-monetization skepticism persists — Despite strong AI metrics, investors remain unsure Adobe can monetize AI fast enough vs. new AI-native competitors and “agent” risks. That narrative amplified the sell-off. Read More.
• Negative Sentiment: Analyst repricing and downgrades — Some firms have cut targets or trimmed outlooks after the results/transition news, increasing near-term downside risk until succession clarity arrives. Read More.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler reissued a “neutral” rating on shares of Adobe in a report on Wednesday, March 4th. TD Cowen decreased their target price on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday. Stifel Nicolaus reduced their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Morgan Stanley dropped their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. Finally, Barclays dropped their price objective on Adobe from $415.00 to $335.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and a consensus price target of $375.96.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Adobe Trading Down 1.4%

NASDAQ:ADBE opened at $269.78 on Friday. The firm has a 50-day simple moving average of $285.56 and a 200-day simple moving average of $324.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a one year low of $244.28 and a one year high of $422.95. The firm has a market cap of $110.74 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business earned $5.08 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities analysts anticipate 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.