Distillate Capital Partners LLC Raises Holdings in Adobe Inc. $ADBE

Distillate Capital Partners LLC lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 77,261 shares of the software company’s stock after acquiring an additional 14,549 shares during the quarter. Adobe makes up 1.4% of Distillate Capital Partners LLC’s investment portfolio, making the stock its 14th largest position. Distillate Capital Partners LLC’s holdings in Adobe were worth $27,264,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADBE. Brighton Jones LLC boosted 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 purchasing an additional 167 shares during the period. Sivia Capital Partners LLC raised its position 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 during the period. United Bank lifted its stake in shares of Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after buying an additional 428 shares in the last quarter. Schnieders Capital Management LLC. lifted 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 valued at $1,017,000 after buying an additional 190 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in Adobe by 5.2% in the 2nd quarter. Meridian Wealth Management LLC now owns 9,340 shares of the software company’s stock worth $3,614,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Record Q1 results and AI traction — Adobe posted above‑consensus Q1 revenue and EPS and highlighted rapid AI-first ARR growth; management framed the quarter as an AI‑led acceleration, which supports the company’s long‑term revenue mix and margins. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Guidance shows upside but raises questions — Adobe’s FY26 EPS range and Q2 outlook exceeded consensus, yet investors parsed the details (ARR cadence, freemium strategy) for sustainability before rewarding the stock. Adobe Q1 earnings & guidance
• Neutral Sentiment: Short‑interest figures reported inconsistently — publicly posted short data showed anomalous/zero values (NaN/0), so current short‑squeeze risk or bearish positioning is unclear.
• Negative Sentiment: DOJ settlement adds immediate cost and reputational overhang — Adobe agreed to a $150M package (roughly $75M cash + $75M in free services) to resolve claims about hard‑to‑cancel subscriptions, creating a headline liability and consumer‑facing remediation burden. Adobe agrees to pay $150 million to resolve alleged violations
• Negative Sentiment: CEO succession uncertainty — Shantanu Narayen announced he will step down once a successor is named (he will remain board chair), creating near‑term leadership uncertainty at a critical time for Adobe’s AI strategy and execution. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: Analyst downgrades and lower targets amplify selling — Several firms cut price targets or moved to neutral/equal‑weight, citing CEO transition and mixed ARR trends, which pressured sentiment and triggered further mark‑downs. These Analysts Cut Their Forecasts On Adobe Following Q1 Earnings

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. HSBC set a $302.00 target price on shares of Adobe in a report on Friday, February 13th. Wells Fargo & Company cut their price target on Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a report on Monday, March 9th. KeyCorp reduced their price target on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday. Morgan Stanley dropped their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, DA Davidson set a $300.00 target price on Adobe in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $347.85.

Adobe Stock Down 7.6%

ADBE opened at $249.32 on Monday. The firm has a market capitalization of $102.35 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. Adobe Inc. has a one year low of $244.28 and a one year high of $422.95. The company has a fifty day moving average price of $283.88 and a 200-day moving average price of $322.76. 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 issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.