Heron Bay Capital Management Purchases Shares of 16,860 Adobe Inc. $ADBE

Heron Bay Capital Management acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,860 shares of the software company’s stock, valued at approximately $5,947,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in Adobe in the second quarter valued at approximately $2,029,950,000. Franklin Resources Inc. grew its position in shares of Adobe by 68.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after buying an additional 791,077 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Adobe by 218.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after buying an additional 736,682 shares during the last quarter. Victory Capital Management Inc. raised its stake in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after acquiring an additional 710,357 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Adobe by 16.1% in the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock valued at $1,705,043,000 after acquiring an additional 610,215 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Adobe Stock Up 3.2%

ADBE stock opened at $281.74 on Friday. Adobe Inc. has a one year low of $244.28 and a one year high of $452.51. The stock has a market capitalization of $115.65 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $293.06 and a 200-day moving average of $326.81.

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

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Renewed AI optimism and pre-earnings positioning are lifting the stock — coverage highlights Firefly adoption and the view that Adobe could be an AI-era incumbent rather than a casualty, helping push shares higher. Why Adobe (ADBE) Is Up 5.1%
• Positive Sentiment: Billionaire investor Michael Burry is reported to have taken a long position in ADBE, a high-profile vote of confidence that can attract speculative and value-focused buying ahead of earnings. The Billionaire Investor Who Bet Against Nvidia and Palantir Is Buying Adobe
• Positive Sentiment: Some analysts and commentators argue valuation looks attractive after the selloff (single-digit/low-teens forward multiples, strong free cash flow), prompting “buy” views that support the rally ahead of results. Adobe Q1 FY 2026 Preview: Strong Buy
• Positive Sentiment: Industry reports rank Adobe among leaders in customer data platforms and AI-driven personalization — a strategic endorsement for its enterprise positioning and cross-selling opportunities. Customer Data Platform Company Evaluation Report 2025
• Neutral Sentiment: Adobe is approaching its Q1 FY2026 report on March 12; many traders are simply repositioning ahead of guidance and AI usage metrics (a catalyst but also a risk if guidance disappoints). Adobe to Release Earnings on Thursday
• Neutral Sentiment: Barclays trimmed its price target (from $415 to $335) but kept an overweight stance — a mixed signal that reduces some upside while leaving institutional support intact. Barclays Lowers Adobe Target
• Negative Sentiment: Other broker notes trimmed targets (Jefferies, HSBC) and some pre-earnings previews suggest Adobe may lack the setup for an easy earnings “beat,” which could leave the stock vulnerable if guidance or AI monetization metrics underwhelm. Jefferies and HSBC Cut Adobe Price Targets Zacks Earnings Preview

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 target price on shares of Adobe in a research report on Thursday, December 11th. Oppenheimer lowered Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. Piper Sandler reissued a “neutral” rating on shares of Adobe in a report on Wednesday. Jefferies Financial Group lowered their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Finally, HSBC set a $302.00 target price on shares of Adobe in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given 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 has a consensus rating of “Hold” and a consensus target price of $389.56.

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.