Johnson Financial Group Inc. Increases Stock Position in Adobe Inc. $ADBE

Johnson Financial Group Inc. boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 38.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,480 shares of the software company’s stock after purchasing an additional 4,042 shares during the quarter. Johnson Financial Group Inc.’s holdings in Adobe were worth $5,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ADBE. CX Institutional grew its position in shares of Adobe by 72.9% during the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after buying an additional 11,769 shares in the last quarter. Wright Investors Service Inc. grew its position in shares of Adobe by 114.4% during the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after acquiring an additional 5,293 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Adobe by 185.1% during 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. Jones Financial Companies Lllp grew its position in shares of Adobe by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after buying an additional 32,448 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after purchasing an additional 710,357 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Down 1.4%

Shares of Adobe stock opened at $269.78 on Friday. Adobe Inc. has a 12 month low of $244.28 and a 12 month high of $422.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $285.56 and a 200 day simple moving average of $324.01. The stock has a market cap of $110.74 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the business posted $5.08 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and healthy top-line growth — Revenue rose ~12% to $6.40B and non-GAAP EPS of $6.06 topped estimates, showing continued subscription and enterprise strength. Read More.
• Positive Sentiment: Strong AI and subscription trends — Adobe said AI-first ARR more than tripled year-over-year and subscription revenue grew ~13%, evidence management sees early traction for AI features. Read More.
• Positive Sentiment: Outlook above some expectations — Fiscal FY26 and Q2 EPS guidance was raised into ranges that sit above prior consensus, signaling management expects continuing growth. Read More.
• Neutral Sentiment: Planned, managed transition — Narayen will remain as board chair to help with succession, which reduces abrupt-exit risk but leaves strategy execution questions. Read More.
• Negative Sentiment: Leadership uncertainty hit sentiment — The CEO exit at a critical AI-inflection point unsettled investors and overshadowed the beat, prompting heavy selling pressure. Read More.
• Negative Sentiment: AI-monetization skepticism persists — Despite strong AI metrics, investors remain unsure Adobe can monetize AI fast enough vs. new AI-native competitors and “agent” risks. That narrative amplified the sell-off. Read More.
• Negative Sentiment: Analyst repricing and downgrades — Some firms have cut targets or trimmed outlooks after the results/transition news, increasing near-term downside risk until succession clarity arrives. Read More.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the 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 transaction, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ADBE. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Thursday, December 11th. BMO Capital Markets downgraded shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $400.00 to $375.00 in a research note on Friday, January 9th. HSBC set a $302.00 price target on shares of Adobe in a report on Friday, February 13th. Stifel Nicolaus cut their price target on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Jefferies Financial Group reduced their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $375.96.

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.