Vestcor Inc Boosts Position in Adobe Inc. $ADBE

Vestcor Inc raised its position in Adobe Inc. (NASDAQ:ADBE) by 30.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,135 shares of the software company’s stock after purchasing an additional 4,430 shares during the period. Vestcor Inc’s holdings in Adobe were worth $6,750,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADBE. Brighton Jones LLC raised its position in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after purchasing an additional 486 shares in the last quarter. United Bank grew its position in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after purchasing an additional 428 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Adobe by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Adobe during the 2nd quarter worth approximately $761,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Down 0.4%

ADBE stock opened at $282.43 on Tuesday. The company has a 50 day moving average price of $290.24 and a two-hundred day moving average price of $325.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $115.94 billion, a P/E ratio of 16.90, a PEG ratio of 1.12 and a beta of 1.53. Adobe Inc. has a one year low of $244.28 and a one year high of $444.54.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS 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 during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the firm posted $4.81 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. 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, sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe 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 owned 41,995 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $400.00 to $375.00 in a report on Friday, January 9th. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research note on Monday. Finally, Weiss Ratings cut Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $386.08.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Expanded commercial win: Adobe expanded its multi‑year partnership with Major League Baseball to deliver AI‑driven fan experiences, reinforcing real‑world adoption of Adobe’s cloud and AI tools. Adobe and Major League Baseball Expand Partnership
• Positive Sentiment: Notable accumulation: Reports that Michael Burry has taken a sizeable position in ADBE and that hedge funds/institutions have been buyers adds a value-oriented, conviction buyer to the shareholder base, which can support the shares into earnings. Michael Burry Backs Adobe
• Positive Sentiment: Analyst endorsement: Royal Bank of Canada reaffirmed an “outperform” rating with a $430 price target, signaling continued institutional confidence in Adobe’s longer‑term AI/product transition. RBC Outperform
• Neutral Sentiment: Upcoming earnings are the main near‑term catalyst — previews and models expect roughly $6.28B revenue and ~$5.87–5.88 EPS; investors will watch AI product uptake and guidance on March 12. Adobe Q1 Earnings Loom
• Neutral Sentiment: Market calendar/inflation backdrop: Macro reports (CPI/PCE) and broader tech/AI earnings this week could amplify moves in ADBE; these are market‑wide risk factors rather than Adobe‑specific. Oracle, Adobe Earnings and Inflation Data
• Neutral Sentiment: Short‑interest report appears to show zero change (likely a reporting/data anomaly) and thus provides no clear directional signal to the market today.
• Neutral Sentiment: Wells Fargo trimmed its price target from $420 to $405 but kept an “overweight” rating, a mixed signal: lower target but continued long bias. Wells Fargo Target Lowered
• Negative Sentiment: Citi (and other outlets) cut its price target and called for an “uneventful” Q1, which reduces near‑term analyst support and can weigh on sentiment ahead of results. Citi Cuts Price Target
• Negative Sentiment: Minor selling by a public figure (Sen. Boozman) and other reported insider/institutional trades are being noted by markets; although not necessarily indicative of company fundamentals, such sales can pressure sentiment in the short term. Sen. John Boozman Sells Shares

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.