Formidable Asset Management LLC Purchases 2,858 Shares of Adobe Inc. $ADBE

Formidable Asset Management LLC raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 36.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,806 shares of the software company’s stock after acquiring an additional 2,858 shares during the period. Formidable Asset Management LLC’s holdings in Adobe were worth $3,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riverbend Wealth Management LLC raised its stake in Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in shares of Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after buying an additional 30 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after buying an additional 30 shares during the last quarter. Dakota Community Bank & Trust NA increased its holdings in shares of Adobe by 12.8% in the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock worth $106,000 after buying an additional 31 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its position in shares of Adobe by 1.2% during the 3rd quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock valued at $927,000 after buying an additional 31 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADBE. HSBC set a $302.00 price target on Adobe in a research report on Friday, February 13th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Sanford C. Bernstein set a $447.00 target price on Adobe and gave the stock an “outperform” rating in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Finally, William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and a consensus target price of $343.88.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the 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 owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst bullishness and valuation upside — some outlets highlight continued analyst interest and a consensus price target (~$310) implying meaningful upside, supporting a constructive view on ADBE’s AI transition and longer-term earnings power. Bullish Analyst Sentiment on Adobe (ADBE) Amid Ongoing AI Advancements
• Positive Sentiment: Corporate partnerships / enterprise adoption — Omnicom’s Credera launched a unified Adobe practice, signaling continued enterprise demand and ecosystem stickiness for Adobe’s cloud and marketing offerings. Partnership news can support recurring-revenue confidence. Omnicom’s Transformation Consultancy Strengthens Capabilities with the Launch of Unified Adobe Practice
• Positive Sentiment: Insider / institutional buying signal — reports that long-term funds (e.g., Bridgewater historically, and mentions of Ray Dalio interest) are associated with Adobe can boost investor confidence that value buyers are present. Adobe Inc. (ADBE): Billionaire Ray Dalio Is Buying This Software Stock
• Neutral Sentiment: Product innovation — Adobe continues product enhancements (e.g., Turntable in Illustrator), which helps retention and upsell but is incremental versus large AI/competitive risks. Adobe launches Turntable in Illustrator: All the details
• Neutral Sentiment: Recent earnings and guidance — Adobe beat Q1 estimates and gave FY/Q2 guidance (see background); that supports fundamentals, but market reaction is mixed as investors parse forward ARR trends and margin leverage. MarketBeat ADBE summary (earnings & metrics)
• Negative Sentiment: Strong sell-side action — William Blair downgraded ADBE to Market Perform and slashed its price target from $423 to $237, a substantial cut that directly pressures sentiment and could prompt short-term selling. William Blair Downgrades Adobe (ADBE) to Market Perform, Lowers PT
• Negative Sentiment: Public criticism on AI commoditization — industry commentators (SemiAnalysis, Fortune) argue AI tools risk commoditizing core creative workflows and weakening Adobe’s pricing power and net-new ARR growth — a thematic risk investors are focused on. Semianalysis CEO: Adobe faces existential threat from AI commoditization Adobe faces an AI-era test of whether the creative economy still needs it
• Negative Sentiment: Privacy/technical accusation — A recent article alleges Adobe secretly rewrote users’ computer files; even if unproven, such claims raise legal/privacy concerns and could spur negative headlines or customer pushback. Adobe accused of secretly rewriting users’ computer files

Adobe Stock Up 0.6%

Shares of NASDAQ:ADBE opened at $242.92 on Friday. Adobe Inc. has a 1 year low of $233.15 and a 1 year high of $422.95. The business has a 50 day simple moving average of $264.14 and a two-hundred day simple moving average of $312.70. The firm has a market capitalization of $98.19 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping 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 firm had revenue of $6.40 billion for 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. The company’s revenue for the quarter 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. On average, equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Company 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.