Adobe Inc. $ADBE Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,347 shares of the software company’s stock after acquiring an additional 3,631 shares during the period. Crossmark Global Holdings Inc.’s holdings in Adobe were worth $24,815,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Riverbend Wealth Management LLC raised its stake in shares of Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after purchasing an additional 29 shares during the last quarter. Intellus Advisors LLC lifted its stake in shares of Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after acquiring an additional 30 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after acquiring an additional 30 shares during the period. MCF Advisors LLC lifted its position in Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after purchasing an additional 30 shares during the period. Finally, Dakota Community Bank & Trust NA increased its position in Adobe by 12.8% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock worth $106,000 after purchasing an additional 31 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Barclays decreased their target price on shares of Adobe from $415.00 to $335.00 and set an “overweight” rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Citigroup upped their price target on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, TD Cowen reduced their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $389.56.

Adobe Trading Up 0.8%

Shares of Adobe stock opened at $273.12 on Thursday. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $453.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average price of $294.48 and a 200 day moving average price of $327.12. The company has a market capitalization of $112.12 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.07 and a beta of 1.53.

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

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Renewed AI optimism ahead of March 12 earnings — coverage says investors are shifting focus from AI disruption fears to Adobe’s Firefly-powered creative tools and look to the March 12 report for proof that AI features are translating into recurring revenue, supporting the recent rally. Why Adobe (ADBE) Is Up 5.1% After Renewed AI Optimism Ahead Of March 12 Earnings
• Positive Sentiment: High-profile buying reports — multiple media stories say Michael Burry has opened a new long position in ADBE, which appears to have drawn opportunistic buyers and boosted sentiment on beaten-down software names. The Billionaire Investor Who Bet Against Nvidia and Palantir Is Buying Adobe
• Positive Sentiment: Expanded Adobe–WPP AI partnership — Adobe and WPP widened their global alliance to embed Adobe’s AI tools into agency workflows and go-to-market efforts, reinforcing Adobe’s enterprise moat and monetization pathway for AI features. Adobe WPP AI Alliance Tests Moat In Enterprise Marketing Workflows
• Neutral Sentiment: Barclays trims price target but stays overweight — Barclays lowered its target (from $415 to $335) while retaining an Overweight call; that signals constructive longer-term view even as near-term estimates are reset. Barclays Lowers Adobe Price Target
• Negative Sentiment: Jefferies and HSBC cut price targets — Jefferies has reduced its target to $290 (from $400 previously) and HSBC also trimmed targets, applying downside pressure and reminding investors that analyst estimates are being re-priced amid the AI transition. Jefferies and HSBC Cut Adobe Inc. (ADBE) Price Targets

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.