DDD Partners LLC Buys 7,010 Shares of Adobe Inc. $ADBE

Key Points

• DDD Partners LLC increased its stake in Adobe by 108.4% in Q4, buying 7,010 shares to hold 13,476 shares worth about $4.72 million at the end of the period.
• Adobe reported an earnings beat—$6.06 EPS vs. $5.87 expected and $6.40 billion in revenue vs. $6.28 billion—and issued FY2026 guidance of $23.300–$23.500 EPS with Q2 guidance of $5.800–$5.850.
• Analyst sentiment is mixed: the consensus rating is a "Hold" with a $343.88 target, though Goldman Sachs cut its target to $220 and rated the stock "sell"; institutional ownership is high at about 81.8% and the stock opened down roughly 3.9% at $229.94.

DDD Partners LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 108.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,476 shares of the software company's stock after buying an additional 7,010 shares during the period. DDD Partners LLC's holdings in Adobe were worth $4,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADBE. Arrowstreet Capital Limited Partnership increased its position in shares of Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company's stock valued at $1,981,448,000 after buying an additional 1,952,994 shares during the period. Dodge & Cox increased its position in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company's stock valued at $562,109,000 after buying an additional 1,573,849 shares during the period. AQR Capital Management LLC increased its position in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company's stock valued at $912,705,000 after buying an additional 920,353 shares during the period. Amundi increased its position in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company's stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Adobe by 112.6% in the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company's stock worth $469,467,000 after purchasing an additional 710,357 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADBE has been the topic of several research analyst reports. Weiss Ratings cut shares of Adobe from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 6th. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. HSBC set a $302.00 price target on shares of Adobe in a report on Friday, February 13th. William Blair cut shares of Adobe from an "outperform" rating to a "market perform" rating in a report on Thursday, March 26th. Finally, The Goldman Sachs Group decreased their price target on shares of Adobe from $290.00 to $220.00 and set a "sell" rating on the stock in a report on Friday, March 13th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $343.88.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of the 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 of the company's stock, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched free AI-powered student tools (Acrobat/Student Spaces), expanding its consumer touchpoints and widening its funnel for future paid upgrades and ecosystem lock-in. Adobe launches Acrobat Spaces, a free AI-powered study tool for students
• Positive Sentiment: Adobe’s BPC (Digital Media) segment is growing from AI features and user expansion (cited ~850M users), supporting longer-term revenue upside if Adobe can monetize broader engagement. Adobe's BPC Segment Grows From AI and User Expansion: What's Ahead?
• Positive Sentiment: Coverage highlighting Adobe “thriving in the AI landscape” reinforces the narrative that Adobe’s AI-infused tools can drive product differentiation and monetization over time. Adobe (ADBE) is Thriving in the AI Landscape
• Neutral Sentiment: Leadership transition risk: reports about CEO Shantanu Narayen’s planned retirement and analyst reassessments inject succession uncertainty—could be managed well but increases near-term investor scrutiny. Leadership Shift And AI Rivals Might Change The Case For Investing In Adobe (ADBE)
• Negative Sentiment: Security incident: researcher reports a zero-day in Adobe Reader exploited via malicious PDFs since Dec 2025 — a reputational and operational headwind that could require urgent remediation and heighten enterprise caution. Adobe Reader Zero-Day Exploited for Months: Researcher
• Negative Sentiment: Sector rotation risk: CNBC’s Jim Cramer flagged a renewed “buy hardware, sell software” dynamic where infrastructure/AI-infrastructure names are outperforming traditional software — a headwind to software multiples including Adobe. Cramer explains the divergence in tech stocks – and why software may continue to lag

Adobe Stock Down 3.9%

ADBE opened at $229.94 on Friday. The stock has a market cap of $92.94 billion, a PE ratio of 13.39, a P/E/G ratio of 0.93 and a beta of 1.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 52 week low of $227.70 and a 52 week high of $422.95. The business's fifty day simple moving average is $258.18 and its 200 day simple moving average is $308.54.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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.

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