Hardman Johnston Global Advisors LLC Has $19.66 Million Holdings in Adobe Inc. $ADBE

Hardman Johnston Global Advisors LLC lessened its position in Adobe Inc. (NASDAQ:ADBE) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 56,179 shares of the software company’s stock after selling 2,802 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Adobe were worth $19,662,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC grew its stake in Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after acquiring an additional 29 shares during the period. Beacon Financial Advisory LLC grew its stake in Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after acquiring an additional 30 shares during the period. MCF Advisors LLC grew its stake in Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after acquiring an additional 30 shares during the period. Dakota Community Bank & Trust NA grew its stake in Adobe by 12.8% in the second quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after acquiring an additional 31 shares during the period. Finally, Orrstown Financial Services Inc. grew its stake in Adobe by 1.2% in the third quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock valued at $927,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported strong Q1 results (beat on revenue and EPS) and reaffirmed FY‑2026 guidance, giving fundamental support to the shares. Adobe: Hated, Cheap, And Growing
• Positive Sentiment: Contrarian investors point to cheaper valuation metrics (low forward P/E, strong free cash flow growth) and accelerating AI adoption in Adobe products as a potential buying opportunity. Adobe Stock (ADBE) Opinions on SaaS Selloff and AI Disruption
• Neutral Sentiment: Analyst views and price targets remain widely dispersed (median targets well above current levels), so future moves will hinge on conviction among sell‑side firms. Adobe Stock (ADBE) Opinions on SaaS Selloff and AI Disruption
• Neutral Sentiment: Macro/sector commentary (buy hardware, sell software) is driving rotation away from large SaaS names; Adobe’s longer‑term fundamentals remain intact but the sector backdrop is headwind. Cramer explains the divergence in tech stocks – and why software may continue to lag
• Negative Sentiment: Citi downgraded Adobe amid renewed AI‑competition concerns and cut its price target, crystallizing investor fear that generative AI could commoditize parts of Adobe’s moat. Citi Turns on Adobe Stock (ADBE), Other Software Names amid Fresh AI Jitters
• Negative Sentiment: Shares hit a 52‑week low as the selloff accelerated on the combination of AI jitters, analyst downgrades and leadership transition chatter. Adobe Stock Sinks to 52-Week Low — Citi Downgrades on AI Fears
• Negative Sentiment: Security headlines about an Adobe Reader zero‑day being exploited add reputational and support‑cost risk (unlikely to drive fundamentals long‑term but a near‑term negative headline). Adobe Reader Zero-Day Exploited for Months: Researcher

Analyst Ratings Changes

A number of equities research analysts have commented on ADBE shares. Citigroup reissued a “neutral” rating on shares of Adobe in a research note on Friday. Jefferies Financial Group cut their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. BMO Capital Markets cut their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $430.00 target price on shares of Adobe in a research report on Monday, March 9th. Finally, Mizuho cut their target price on Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $343.88.

Insider Buying and Selling

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 transaction of $485,323.10. Following the sale, the chief financial officer directly 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 SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of Adobe stock opened at $225.35 on Monday. The business’s fifty day simple moving average is $256.83 and its 200 day simple moving average is $306.88. The firm has a market capitalization of $91.09 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.