Knights of Columbus Asset Advisors LLC Increases Stock Holdings in Adobe Inc. $ADBE

Knights of Columbus Asset Advisors LLC raised its position in Adobe Inc. (NASDAQ:ADBE) by 161.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,970 shares of the software company’s stock after acquiring an additional 14,807 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Adobe were worth $8,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. increased its position in shares of Adobe by 747.3% during the third quarter. Pittenger & Anderson Inc. now owns 1,110 shares of the software company’s stock worth $392,000 after acquiring an additional 979 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Adobe in the 3rd quarter valued at approximately $976,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Adobe by 617.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 804 shares of the software company’s stock valued at $284,000 after acquiring an additional 692 shares in the last quarter. Tandem Investment Advisors Inc. raised its position in shares of Adobe by 21.7% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 14,095 shares of the software company’s stock valued at $4,972,000 after acquiring an additional 2,512 shares in the last quarter. Finally, Summit Global Investments boosted its holdings in shares of Adobe by 327.3% during the third quarter. Summit Global Investments now owns 12,681 shares of the software company’s stock valued at $4,473,000 after acquiring an additional 9,713 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Trading Down 2.6%

ADBE opened at $291.65 on Friday. The firm has a 50 day simple moving average of $329.37 and a 200 day simple moving average of $342.46. Adobe Inc. has a fifty-two week low of $284.60 and a fifty-two week high of $465.70. The company has a market cap of $119.72 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. 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 (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the prior year, the firm posted $4.81 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. 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, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bharti Airtel partnership expands Adobe Express reach to hundreds of millions of users — Airtel will give free Adobe Express Premium access to its user base (reported across outlets), which should boost user adoption and long‑term monetization opportunities in India and other markets. Airtel offers 360M users free Adobe Express Premium
• Positive Sentiment: Product momentum: meaningful Photoshop upgrades may support subscriber retention/ARPU — press coverage highlights enhancements (clarity/dehaze layers and other workflow features) that strengthen Creative Cloud differentiation for pros. Adobe Announces New Upgrades To Photoshop
• Neutral Sentiment: Market chatter and commentary are mixed — TV and column remarks (e.g., Jim Cramer saying he’s unsure) and premarket writeups note the stock is following broader tech weakness; these are sentiment drivers but add no new fundamental change. “I Don’t Know What to do With Adobe,” Says Jim Cramer
• Negative Sentiment: Acquisition concerns: Adobe bought Semrush at a ~78% premium — investors may view the price as expensive, raising worries about overpaying, near‑term cash/earnings impact and integration risk. Adobe Acquired Semrush Holdings at a 78% premium
• Negative Sentiment: Semrush merger legal risk — shareholder lawsuits over the proposed deal add potential delay, costs and execution uncertainty. Semrush Faces Shareholder Lawsuits
• Negative Sentiment: Analyst downgrades and comparative calls — recent downgrades (Goldman, BMO, Jefferies coverage) and pieces favoring other enterprise/AI software names (Salesforce, Figma) pressure sentiment and lower the stock’s near‑term outlook. Goldman, BMO, and Jefferies downgrade Adobe
• Negative Sentiment: Insider selling: CFO Daniel Durn sold shares recently — such filings can weigh on investor sentiment even if routine. Adobe CFO Daniel Durn Sells Shares

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of research analyst reports. TD Cowen reduced their price target on shares of Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Morgan Stanley cut their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. The Goldman Sachs Group assumed coverage on shares of Adobe in a research note on Monday, January 12th. They issued a “sell” rating and a $290.00 target price for the company. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research note on Wednesday, January 14th. Finally, Barclays restated an “overweight” rating and set a $415.00 target price on shares of Adobe in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $397.19.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction on 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 directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by company insiders.

About Adobe

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.