Danske Bank A S Invests $87.05 Million in Adobe Inc. $ADBE

Danske Bank A S acquired a new stake in Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 246,761 shares of the software company’s stock, valued at approximately $87,045,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional grew its stake in shares of Adobe by 72.9% in the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after acquiring an additional 11,769 shares in the last quarter. Wright Investors Service Inc. boosted its holdings in Adobe by 114.4% in the third 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 during the period. Federated Hermes Inc. grew 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 purchasing an additional 583,275 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Adobe by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after purchasing an additional 32,448 shares during the period. Finally, Victory Capital Management Inc. raised its position in Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after purchasing an additional 710,357 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADBE shares. HSBC set a $302.00 target price on shares of Adobe in a research note on Friday, February 13th. UBS Group reduced their price objective on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a report on Friday. Mizuho lowered their target price on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company cut their price target on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Finally, Morgan Stanley lowered their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $346.42.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic AI tie-up with NVIDIA to accelerate next‑gen Firefly models and agentic creative/marketing workflows — strengthens Adobe’s product moat for creative and marketing customers and signals better performance scaling on NVIDIA accelerated cloud infrastructure. Adobe and NVIDIA press release
• Positive Sentiment: Q1 beat and continued strong fundamentals: Adobe reported revenue up ~12% with an EPS beat and reiterated FY‑26 guidance, supporting longer‑term cash flow and AI‑first ARR growth. Earnings beat coverage
• Positive Sentiment: Elevated bullish options flow and large call buying suggests some traders expect near‑term upside. Options Corner video
• Neutral Sentiment: Value/buy‑the‑dip narratives are emerging (low single‑digit P/E talk and buy‑on‑dip analyses), which could attract value investors if uncertainty stabilizes. Fool: Is it time to buy?
• Neutral Sentiment: CEO Shantanu Narayen announced a phased exit; he will remain on the board which may reduce immediate succession shock but adds near‑term governance and execution uncertainty. MarketBeat: CEO transition
• Negative Sentiment: Regulatory/legal hit: Adobe agreed to settle claims over its cancellation/subscription terms for roughly $150M, a near‑term cash cost and reputational headwind. DOJ settlement coverage
• Negative Sentiment: Analyst cuts and downgrades: multiple firms have trimmed price targets and ratings in the last 48 hours, increasing near‑term selling pressure and lowering consensus upside. Analyst action roundup
• Negative Sentiment: Sector/AI disruption concerns: analysts and commentators warn that AI could weaken seat‑based pricing in creative workflows, making Adobe relatively more exposed versus usage‑based software peers. Fool: S&P 500 update
• Negative Sentiment: Rising short interest reports and broader bearish commentary suggest some investors are positioning for further downside while leadership and strategy questions remain unresolved. Short interest report

Adobe Stock Performance

NASDAQ ADBE opened at $254.20 on Wednesday. The company has a fifty day moving average of $280.65 and a two-hundred day moving average of $321.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $422.95. The company has a market capitalization of $104.35 billion, a PE ratio of 14.80, a P/E/G ratio of 0.99 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last posted 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. The business 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 business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.08 EPS. 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, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

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.