Zhang Financial LLC Boosts Position in Adobe Inc. $ADBE

Zhang Financial LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 166.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,074 shares of the software company’s stock after acquiring an additional 2,543 shares during the period. Zhang Financial LLC’s holdings in Adobe were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ADBE. Vanguard Group Inc. lifted its stake in shares of Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after purchasing an additional 344,816 shares in the last quarter. Norges Bank purchased a new stake in shares of Adobe during the 2nd quarter valued at about $2,029,950,000. Invesco Ltd. lifted its position in Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after acquiring an additional 610,215 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock worth $1,417,587,000 after acquiring an additional 548,903 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Adobe by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company’s stock valued at $1,130,707,000 after acquiring an additional 24,333 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Trading Up 1.0%

Shares of NASDAQ ADBE opened at $257.81 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $303.45 and its two-hundred day moving average price is $329.92. Adobe Inc. has a 52-week low of $244.28 and a 52-week high of $453.26. The stock has a market capitalization of $105.83 billion, a P/E ratio of 15.43, a PEG ratio of 1.00 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the business earned $4.81 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks and other outlets note Adobe’s expanding AI integrations (Firefly, Acrobat AI) and partner ecosystem, which analysts say could underpin a recovery if execution accelerates. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: Some brokers and analysts still call Adobe a value opportunity after the selloff, arguing the late-stage tech pullback creates a buying window for well-positioned software franchises. The Late-Stage Bull Market Is a Buying Opportunity for Tech (ADBE)
• Neutral Sentiment: Piper Sandler remains constructive in commentary despite lowering its rating/target — that keeps institutional support but signals caution on mid-term growth risks. Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite Concerns
• Neutral Sentiment: Options-focused pieces point to elevated implied volatility and bullish/neutral option strategies (e.g., short iron condor), indicating traders expect bigger moves but mixed directional conviction. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Short-interest notices in the feed show anomalous zero/NaN data and don’t provide a clear signal on actual short positioning. (Treat reported figures as unreliable until clarified.)
• Negative Sentiment: Coverage raising the “how low can it go?” question highlights the risk narrative: a ~42% one‑year decline, heavy YTD underperformance, and investor concern that generative-AI incumbents may take share or compress pricing. How Low Can Adobe Stock Go?
• Negative Sentiment: Analysis pieces warn Adobe may be a “deep value or performance trap,” citing seat-compression, competition from Microsoft/Alphabet, and lowered analyst targets — factors that justify continued caution among investors. Adobe (ADBE): Deep Value Or Performance Trap In 2026? | 2-Minute Analysis
• Neutral Sentiment: Recent valuation notes (TipRanks) point out Adobe trading near ~15x earnings — making it cheaper by historical standards but raising the debate: AI casualty vs. generational opportunity. That valuation compression is a key driver of both buy and sell arguments. Adobe Stock Is Trading at 15x Earnings. Is This an AI Casualty or Generational Opportunity?

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value 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. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ADBE shares. Barclays reissued an “overweight” rating and set a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. TD Cowen cut their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Jefferies Financial Group lowered their target price on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday. The Goldman Sachs Group initiated coverage on Adobe in a research note on Monday, January 12th. They issued a “sell” rating and a $290.00 price target on the stock. Finally, HSBC set a $302.00 price objective on Adobe in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $392.76.

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.