Zhang Financial LLC Raises Stock Position in Adobe Inc. $ADBE

Zhang Financial LLC increased its position in Adobe Inc. (NASDAQ:ADBE) by 166.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,074 shares of the software company’s stock after acquiring an additional 2,543 shares during the period. Zhang Financial LLC’s holdings in Adobe were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ADBE. Palumbo Wealth Management LLC boosted its position in shares of Adobe by 1.1% in the 3rd quarter. Palumbo Wealth Management LLC now owns 3,575 shares of the software company’s stock worth $1,228,000 after buying an additional 40 shares in the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Adobe by 21.1% in the third quarter. Mufg Securities Americas Inc. now owns 11,439 shares of the software company’s stock valued at $4,035,000 after purchasing an additional 1,994 shares in the last quarter. Lake Street Private Wealth LLC grew its position in shares of Adobe by 6.4% in the third quarter. Lake Street Private Wealth LLC now owns 1,270 shares of the software company’s stock valued at $448,000 after purchasing an additional 76 shares during the last quarter. Krane Funds Advisors LLC increased its stake in shares of Adobe by 222.0% during the 3rd quarter. Krane Funds Advisors LLC now owns 4,569 shares of the software company’s stock worth $1,518,000 after purchasing an additional 3,150 shares in the last quarter. Finally, AXQ Capital LP raised its position in shares of Adobe by 235.6% during the 3rd quarter. AXQ Capital LP now owns 2,279 shares of the software company’s stock worth $804,000 after purchasing an additional 1,600 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADBE shares. Barclays reissued an “overweight” rating and issued a $415.00 price target on shares of Adobe in a report on Friday, December 5th. DA Davidson reissued a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $400.00 to $375.00 in a report on Friday, January 9th. Piper Sandler downgraded shares of Adobe from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $470.00 to $330.00 in a report on Monday, February 2nd. Finally, Citigroup upped their price objective on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $392.76.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction 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 directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Adobe Trading Up 1.0%

Shares of ADBE stock opened at $257.81 on Thursday. The firm’s 50-day simple moving average is $303.45 and its 200-day simple moving average is $329.92. 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 $105.83 billion, a P/E ratio of 15.43, a PEG ratio of 1.00 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last issued its quarterly 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. The firm had revenue of $6.19 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.81 earnings per share. 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.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks and other outlets note Adobe’s expanding AI integrations (Firefly, Acrobat AI) and partner ecosystem, which analysts say could underpin a recovery if execution accelerates. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: Some brokers and analysts still call Adobe a value opportunity after the selloff, arguing the late-stage tech pullback creates a buying window for well-positioned software franchises. The Late-Stage Bull Market Is a Buying Opportunity for Tech (ADBE)
• Neutral Sentiment: Piper Sandler remains constructive in commentary despite lowering its rating/target — that keeps institutional support but signals caution on mid-term growth risks. Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite Concerns
• Neutral Sentiment: Options-focused pieces point to elevated implied volatility and bullish/neutral option strategies (e.g., short iron condor), indicating traders expect bigger moves but mixed directional conviction. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Short-interest notices in the feed show anomalous zero/NaN data and don’t provide a clear signal on actual short positioning. (Treat reported figures as unreliable until clarified.)
• Negative Sentiment: Coverage raising the “how low can it go?” question highlights the risk narrative: a ~42% one‑year decline, heavy YTD underperformance, and investor concern that generative-AI incumbents may take share or compress pricing. How Low Can Adobe Stock Go?
• Negative Sentiment: Analysis pieces warn Adobe may be a “deep value or performance trap,” citing seat-compression, competition from Microsoft/Alphabet, and lowered analyst targets — factors that justify continued caution among investors. Adobe (ADBE): Deep Value Or Performance Trap In 2026? | 2-Minute Analysis
• Neutral Sentiment: Recent valuation notes (TipRanks) point out Adobe trading near ~15x earnings — making it cheaper by historical standards but raising the debate: AI casualty vs. generational opportunity. That valuation compression is a key driver of both buy and sell arguments. Adobe Stock Is Trading at 15x Earnings. Is This an AI Casualty or Generational Opportunity?

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.