Romano Brothers AND Company Boosts Stake in Adobe Inc. $ADBE

Romano Brothers AND Company grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 243.5% in the 4th quarter, Holdings Channel reports. The fund owned 5,950 shares of the software company’s stock after acquiring an additional 4,218 shares during the period. Romano Brothers AND Company’s holdings in Adobe were worth $2,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ADBE. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe during the 3rd quarter worth approximately $27,000. Caitlin John LLC acquired a new position in shares of Adobe in the 3rd quarter valued at approximately $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the 4th quarter valued at approximately $28,000. Finally, Chesapeake Asset Management LLC acquired a new stake in shares of Adobe during the fourth quarter worth approximately $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADBE. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research report on Friday, March 13th. JPMorgan Chase & Co. cut their target price on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Jefferies Financial Group reduced their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Finally, Robert W. Baird set a $350.00 price objective on Adobe in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $343.88.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

Adobe Stock Down 2.5%

ADBE stock opened at $234.84 on Friday. The firm has a market cap of $94.92 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.94 and a beta of 1.53. Adobe Inc. has a 1-year low of $233.15 and a 1-year high of $422.95. The firm has a fifty day moving average price of $268.38 and a two-hundred day moving average price of $315.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business posted $5.08 EPS. The company’s quarterly revenue 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. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling

In other news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by 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.