South Dakota Investment Council Grows Position in Adobe Inc. $ADBE

South Dakota Investment Council grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,910 shares of the software company’s stock after purchasing an additional 4,068 shares during the quarter. South Dakota Investment Council’s holdings in Adobe were worth $15,489,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares in the last quarter. Caitlin John LLC acquired a new stake in Adobe in the third quarter valued at approximately $28,000. Horizon Financial Services LLC grew its holdings in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. purchased a new stake in shares of Adobe in the second quarter valued at approximately $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Adobe during the 3rd quarter worth approximately $35,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and WPP expanded their global AI partnership to integrate Adobe’s generative AI tools with WPP’s agentic marketing platform — a move that could deepen Adobe’s enterprise marketing footprint, boost content-to-campaign workflows and help retain large clients through combined data, privacy and brand-consistency capabilities. Adobe WPP AI Alliance Tests Moat In Enterprise Marketing Workflows
• Positive Sentiment: Adobe has a history of beating estimates and analysts note the company currently has the factors that have supported past upside surprises — this can raise expectations that the March 12 Q1 FY2026 report may again top consensus, which often drives near‑term stock strength. Will Adobe (ADBE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Adobe scheduled its Q1 FY2026 earnings release for after the close on March 12, with a live investor call to follow — an event that could trigger volatility depending on top-line, margin and AI-related commentary. Adobe to Announce Q1 FY2026 Earnings Results on March 12, 2026
• Neutral Sentiment: Product-level updates such as Adobe promoting Acrobat tax‑prep tools are incremental for consumer engagement and upsell opportunities but are unlikely by themselves to move the stock materially. Treat your tax prep like a professional project with Adobe Acrobat
• Neutral Sentiment: Several market pieces are highlighting software stocks with upside potential and include Adobe in broader analyst/watchlist commentary — useful for sentiment but not an immediate fundamental driver. 4 Software Stocks With 38% to 82% Upside Potential According to Wall Street
• Negative Sentiment: Analysts and commentators flag heightened competition from new AI tools (including agentic and coding AI) that could erode Adobe’s creative-software moat and enable lower‑cost alternatives — a structural risk that may limit valuation multiple expansion and compress investor sentiment. Heightened AI Competition Fuels Analyst Skepticism on Adobe (ADBE)

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ADBE shares. TD Cowen dropped their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research report on Thursday, December 11th. Weiss Ratings upgraded shares of Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 19th. UBS Group decreased their price target on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Wolfe Research cut their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $392.76.

Insider Activity

In related 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 transaction of $485,323.10. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $260.88 on Tuesday. Adobe Inc. has a one year low of $244.28 and a one year high of $453.26. The stock has a market cap of $107.09 billion, a PE ratio of 15.61, a P/E/G ratio of 1.03 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 stock has a 50 day moving average price of $297.71 and a 200 day moving average price of $328.09.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping 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 company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the company posted $4.81 earnings per share. The firm’s revenue for the quarter 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 research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.