Adobe Inc. $ADBE Shares Acquired by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd raised its stake in Adobe Inc. (NASDAQ:ADBE) by 154.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,350 shares of the software company’s stock after buying an additional 46,352 shares during the quarter. Adobe accounts for about 2.8% of ICICI Prudential Asset Management Co Ltd’s portfolio, making the stock its 7th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Adobe were worth $26,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Adobe in the second quarter worth $2,029,950,000. Franklin Resources Inc. increased 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 in the last quarter. Acadian Asset Management LLC raised its stake in Adobe by 218.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after buying an additional 736,682 shares during the period. Invesco Ltd. lifted its holdings in Adobe by 16.1% during the second 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. Finally, Federated Hermes Inc. grew its stake in Adobe by 185.1% in the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after acquiring an additional 583,275 shares during the period. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADBE. Citigroup boosted their price objective on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Jefferies Financial Group downgraded Adobe from a “buy” rating to a “hold” rating and reduced their price target for the stock from $500.00 to $400.00 in a research report on Monday, January 5th. Finally, BMO Capital Markets cut shares of Adobe from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $397.16.

Adobe Price Performance

NASDAQ:ADBE opened at $259.21 on Friday. The company has a market cap of $106.41 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.03 and a beta of 1.51. The firm’s fifty day moving average price is $311.28 and its two-hundred day moving average price is $332.38. Adobe Inc. has a one year low of $251.10 and a one year high of $461.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 EPS. 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. Equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

In other news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

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.