Adobe Inc. $ADBE Shares Acquired by Norden Group LLC

Norden Group LLC boosted its position in Adobe Inc. (NASDAQ:ADBE) by 168.7% in the 4th quarter, HoldingsChannel reports. The firm owned 28,648 shares of the software company’s stock after purchasing an additional 17,986 shares during the period. Adobe makes up about 1.0% of Norden Group LLC’s holdings, making the stock its 15th largest holding. Norden Group LLC’s holdings in Adobe were worth $10,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. Norges Bank acquired a new stake in shares of Adobe during the 2nd quarter worth about $2,029,950,000. Arrowstreet Capital Limited Partnership raised its position in shares of Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after buying an additional 1,952,994 shares during the last quarter. Dodge & Cox lifted its stake in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after buying an additional 1,573,849 shares during the period. AQR Capital Management LLC lifted its stake in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after buying an additional 920,353 shares during the period. Finally, Amundi lifted its stake in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADBE. Wolfe Research decreased their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. The Goldman Sachs Group decreased their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Finally, HSBC set a $302.00 target price on Adobe in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $343.88.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $240.88 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.00 and a current ratio of 0.91. The firm has a market capitalization of $98.88 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.93 and a beta of 1.53. Adobe Inc. has a one year low of $233.79 and a one year high of $422.95. The company has a 50 day moving average price of $269.60 and a 200 day moving average price of $316.59.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business earned $5.08 EPS. Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s expanded AI push — the company announced a deeper partnership with NVIDIA and said it will acquire Semrush to bolster AI-driven marketing and search capabilities, strengthening its long-term content and marketing positioning. Adobe Links Semrush Deal And NVIDIA Alliance To AI Marketing Future
• Positive Sentiment: Erste Group raised its FY2026 EPS estimate slightly, signaling some analyst confidence in Adobe’s earnings power relative to consensus. (Research note summarized in MarketBeat.)
• Neutral Sentiment: Direxion launched 2x leveraged ETFs that include Adobe, which may increase short-term trading volume and volatility but doesn’t change fundamentals. Adobe, PayPal, UnitedHealth Just Got 2X ETFs — Direxion Builds Out The Leverage Trade
• Neutral Sentiment: Product/partner updates continue (Telestream integration, Firefly promotions) that support ecosystem adoption but are unlikely to move fundamentals near-term. Telestream Unlocks Adobe-Centric Media Pipeline and Streamlined Workflow Automation
• Negative Sentiment: William Blair initiated coverage with a downgrade to Market Perform (from Outperform), citing intense AI competition from Canva, Figma and AI-native tools that could pressure Creative Cloud growth — a key driver of the stock’s weakness today. Adobe downgraded by William Blair on ‘intense competition’
• Negative Sentiment: Analyst write-ups (MarketWatch/TipRanks) echo concerns that AI raises unresolved questions about Adobe’s competitive moat and margin trajectory, reinforcing downside risk for investors. Adobe’s stock may not be an ‘AI loser,’ but this analyst sees a number of reasons to steer clear
• Negative Sentiment: Legal risk: an investor class-action/investigative alert (Scott+Scott) was filed alleging potential fiduciary breaches, adding regulatory/legal overhang. ADOBE, INC. INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Adobe, Inc.’s Directors and Officers for Breach of Fiduciary Duties – ADBE
• Negative Sentiment: Macro/valuation headlines: multiple pieces asking whether to reconsider Adobe after a steep one‑year slide and noting a new 52-week low keep sentiment and headline risk tilted negative. Is It Time To Reconsider Adobe (ADBE) After A 40% One Year Share Price Slide?

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.