RBO & Co. LLC Raises Stock Position in Adobe Inc. $ADBE

RBO & Co. LLC raised its stake in Adobe Inc. (NASDAQ:ADBE) by 72.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,751 shares of the software company’s stock after buying an additional 14,577 shares during the period. Adobe makes up approximately 1.9% of RBO & Co. LLC’s holdings, making the stock its 26th largest holding. RBO & Co. LLC’s holdings in Adobe were worth $12,258,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ADBE. Brighton Jones LLC boosted its position in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Adobe by 25.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after acquiring an additional 486 shares in the last quarter. United Bank raised its position in Adobe by 12.8% during the second quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after acquiring an additional 428 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, Burney Co. grew its position in shares of Adobe by 35.5% in the second quarter. Burney Co. now owns 2,372 shares of the software company’s stock valued at $918,000 after purchasing an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 3.9%

Shares of ADBE stock opened at $270.96 on Wednesday. The firm’s 50-day simple moving average is $296.08 and its 200-day simple moving average is $327.50. 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 Inc. has a 1-year low of $244.28 and a 1-year high of $453.26. The firm has a market cap of $111.23 billion, a P/E ratio of 16.22, a PEG ratio of 1.03 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced 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. The company 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%. Adobe’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $4.81 EPS. 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, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ADBE shares. Mizuho cut their price objective on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Piper Sandler downgraded Adobe from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $470.00 to $330.00 in a research report on Monday, February 2nd. Wells Fargo & Company reduced their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings raised Adobe from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 19th. Finally, TD Cowen cut their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” 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 issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $392.76.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Near-term catalyst — Adobe will report fiscal Q1 2026 results after the close on March 12; that scheduled release and conference call is driving positioning into the print. Adobe to Announce Q1 FY2026 Earnings Results on March 12, 2026
• Positive Sentiment: Enterprise AI momentum — Adobe and WPP expanded a global partnership to combine Adobe’s AI tools with WPP’s agentic marketing workflows, which investors see as a tangible route to monetize AI across large enterprise clients and defend Adobe’s product moat. Adobe WPP AI Alliance Tests Moat In Enterprise Marketing Workflows
• Positive Sentiment: Reported new institutional interest — media reports that Michael Burry opened a position in ADBE have circulated and appear to be supporting bullish flows (rumor-driven buying). This has likely added to intraday momentum. Big Short Investor Michael Burry Opens New Position in Adobe Stock (ADBE)
• Positive Sentiment: Earnings-beat track record — analysts and commentary (Zacks, others) note Adobe’s history of beating estimates and argue the company has the setup to deliver another upside, which can lift sentiment into the print. Will Adobe (ADBE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Short-interest data in recent feeds show anomalous/zero values (likely a reporting artifact), so short-interest is not currently adding clear pressure or a squeeze signal.
• Negative Sentiment: Heightened AI competition — some analysts warn new AI tools lower barriers for competitors and could pressure Adobe’s creative franchise and long-term pricing power, tempering upside expectations. Heightened AI Competition Fuels Analyst Skepticism on Adobe (ADBE)
• Negative Sentiment: Notable portfolio moves and insider sales — filings cited large institutional reductions (e.g., UBS) and a small number of insider sales in recent months; heavy fund rebalancing can add supply and cap near-term gains. Adobe shares climb as investors position ahead of March 12 earnings and recent AI-focused enterprise momentum

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of the firm’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 value of $485,323.10. Following the transaction, the chief financial officer 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

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.