Adobe Inc. $ADBE Position Increased by Olstein Capital Management L.P.

Olstein Capital Management L.P. grew its position in Adobe Inc. (NASDAQ:ADBE) by 52.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,250 shares of the software company’s stock after purchasing an additional 5,250 shares during the period. Olstein Capital Management L.P.’s holdings in Adobe were worth $5,379,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Adobe during the second quarter valued at approximately $2,029,950,000. Assenagon Asset Management S.A. grew its position in Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after acquiring an additional 2,347,562 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Adobe in the second quarter worth approximately $318,224,000. Franklin Resources Inc. increased its stake in shares of Adobe by 68.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock worth $750,168,000 after purchasing an additional 791,077 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Adobe by 218.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after purchasing an additional 736,682 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Zacks Research raised multiple quarterly and full‑year EPS estimates for Adobe — notable lifts include Q1 2026 to $4.80 (from $4.60), Q1 2027 to $4.99 (from $4.69), Q2 2027 to $5.59 (from $5.51), Q3 2027 to $5.93 (from $5.87), Q4 2027 to $4.56 (from $4.41) and FY2027 to $21.07 (from $20.50). Higher consensus forward EPS supports valuation and reduces near‑term earnings risk. Zacks Research Forecasts Adobe’s Q4 Earnings (NASDAQ:ADBE)
• Positive Sentiment: Piper Sandler reaffirmed an Overweight/Outperform rating and a $470 price target after Adobe’s FY2025 results, highlighting AI leadership, a $94M revenue beat and strong cash flow — a broker endorsement that can boost investor confidence and support upside toward the firm’s target. Adobe (ADBE) Reaffirms AI Leadership With Strong Revenue and Cash Flow, Piper Sandler Reaffirms Outperform Rating
• Neutral Sentiment: A Benzinga retrospective on Adobe’s 20‑year return is informational for long‑term holders but unlikely to move near‑term price action — useful context for investor confidence but not a catalyst by itself. If You Invested $100 In Adobe Stock 20 Years Ago, You Would Have This Much Today

Analyst Ratings Changes

Several equities research analysts recently issued reports on ADBE shares. Oppenheimer reduced their price objective on shares of Adobe from $460.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday, December 11th. Cowen restated a “hold” rating on shares of Adobe in a report on Monday, December 8th. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Adobe in a research report on Thursday, December 11th. Morgan Stanley decreased their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $417.93.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $333.30 on Friday. The company’s fifty day moving average is $338.29 and its two-hundred day moving average is $351.66. Adobe Inc. has a 52-week low of $311.58 and a 52-week high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The firm has a market capitalization of $139.52 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.38 and a beta of 1.54.

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 net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter last year, the company earned $4.81 earnings per share. The firm’s 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. Equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

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.