Palouse Capital Management Inc. Purchases New Holdings in Adobe Inc. $ADBE

Palouse Capital Management Inc. acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,835 shares of the software company’s stock, valued at approximately $1,353,000.

A number of other institutional investors have also recently modified their holdings of ADBE. Riverbend Wealth Management LLC lifted its position in Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after purchasing an additional 29 shares during the period. FSM Wealth Advisors LLC increased its holdings in Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares during the period. Intellus Advisors LLC raised its position in shares of Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after buying an additional 30 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its holdings in shares of Adobe by 2.2% during the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock worth $558,000 after acquiring an additional 31 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in shares of Adobe by 44.9% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after acquiring an additional 31 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on ADBE shares. Oppenheimer lowered their price objective on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Jefferies Financial Group cut Adobe from a “buy” rating to a “hold” rating and lowered their price target for the stock from $500.00 to $400.00 in a report on Monday. Wolfe Research reduced their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $411.88.

Adobe Trading Up 0.3%

Shares of ADBE stock opened at $339.04 on Friday. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $141.92 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.33 and a beta of 1.53. The stock has a 50-day moving average of $337.28 and a 200-day moving average of $350.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping 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 return on equity of 61.28% and a net margin of 30.00%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Multi‑year partnership with Runway expands Firefly video and generative‑AI capabilities — strengthens Adobe’s AI moat and product roadmap, which supports revenue and subscription growth potential. Adobe (ADBE) Partners With Runway to Expand Firefly AI Video Tools
• Positive Sentiment: CES coverage highlights Adobe’s personalization strategy and multi‑model AI integrations (Runway, 11 Labs) — signals product differentiation and go‑to‑market emphasis on AI features that drive enterprise renewals and Creative Cloud adoption. Smarter, Not Louder: Adobe’s Vision for Personalization at CES 2026
• Positive Sentiment: Adobe Analytics reports U.S. online holiday spending set a record — reinforces demand for Adobe’s data and insights business (used by retailers and advertisers), a potential revenue driver for Experience Cloud products. US online holiday spending hits record levels despite slower growth, Adobe says
• Positive Sentiment: Recent quarterly results showed an EPS beat and FY‑2026 guidance range, supporting valuation re‑rating if growth and margins stay on track (earnings strength is a near‑term fundamental tailwind).
• Neutral Sentiment: Industry and competitor analyses are prompting investors to re‑evaluate Adobe vs. peers — useful for longer‑term positioning but not an immediate stock mover. Analyzing Adobe In Comparison To Competitors In Software Industry
• Neutral Sentiment: Several buy/sell opinion pieces (Forbes, Motley Fool, Zacks) are circulating — these can affect retail flows but reflect differing views on valuation and turnaround prospects. Buy Or Sell Adobe Stock?
• Negative Sentiment: Some commentary frames Adobe as “beaten down” after a ~20% 2025 decline and argues the stock still faces an uphill recovery — this narrative can cap near‑term upside and pressure sentiment. 2 Beaten Down Tech Stocks Primed for a 2026 Rebound
• Negative Sentiment: Critical deep‑value pieces argue Adobe “cannot catch a break,” highlighting valuation and execution concerns that could weigh on institutional sentiment if new product monetization slows. Adobe Cannot Catch A Break – Deep-Value AI Thesis

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

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.