Norris Perne & French LLP MI Has $20.43 Million Holdings in Adobe Inc. $ADBE

Norris Perne & French LLP MI increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,379 shares of the software company’s stock after buying an additional 6,451 shares during the period. Adobe makes up 1.3% of Norris Perne & French LLP MI’s holdings, making the stock its 28th largest holding. Norris Perne & French LLP MI’s holdings in Adobe were worth $20,432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the third quarter valued at approximately $26,000. Caitlin John LLC acquired a new stake in shares of Adobe in the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of Adobe in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe in the third quarter valued at approximately $27,000. Finally, Marquette Asset Management LLC raised its position in shares of Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Tesco partnership and SPORT BEACH branding tie‑ins lift AI/commercial narrative: Tesco will use Adobe’s AI tools for more personalized marketing across its retail operations, and Adobe joined SPORT BEACH’s advisory board — both bolster Adobe’s go‑to‑market story for AI and enterprise sales. Tesco partners with Adobe to ramp up AI‑driven personalised marketing
• Positive Sentiment: Sector rebound is supporting Adobe’s move: Software stocks rallied Monday (Salesforce, Snowflake, Adobe among leaders), helping lift ADBE as momentum flows back into high‑quality software names. This is a market‑sentiment catalyst rather than company‑specific fundamental news. Salesforce Jumps 5%, Adobe Climbs 6%, Snowflake Rockets 9%
• Positive Sentiment: Minor institutional buying: Dara Capital disclosed a new stake in Adobe, a vote of confidence from a smaller fund that can help sentiment around bargain‑hunting. Dara Capital US Inc. Purchases New Position in Adobe Inc. $ADBE
• Neutral Sentiment: BTIG initiated coverage with a Neutral/Hold stance — it tempers upside expectations even as coverage brings visibility; analysts remain mixed on valuation vs. AI competition. Adobe and Figma Stocks Are Up 5% Today, But BTIG Remains Cautious
• Neutral Sentiment: Macro/celebrity investor headlines show activity but unclear relevance: media pieces report Michael Burry taking new long positions generally; no clear confirmation that Adobe is among those holdings, so limited direct impact. ‘Big Short’ Michael Burry just went long on these three stocks
• Negative Sentiment: Security incident: Adobe patched a Reader zero‑day that had been exploited for months — security issues can raise product‑risk concerns and lead to short‑term investor caution. Adobe Patches Reader Zero-Day Exploited for Months

Analyst Ratings Changes

ADBE has been the subject of a number of analyst reports. William Blair downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. TD Cowen dropped their price target on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday, March 10th. Jefferies Financial Group dropped their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Finally, HSBC set a $302.00 price objective on shares of Adobe in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $343.88.

Insider Buying and Selling at Adobe

In other Adobe 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 sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $240.11 on Tuesday. The firm’s fifty day moving average price is $255.76 and its two-hundred day moving average price is $306.07. The stock has a market cap of $97.05 billion, a PE ratio of 13.98, a PEG ratio of 0.88 and a beta of 1.52. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal 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.