Hunter Perkins Capital Management LLC Takes $4.14 Million Position in Adobe Inc. $ADBE

Key Points

• Hunter Perkins Capital Management LLC opened a new position in Adobe, buying 11,824 shares valued at about $4.14 million in the fourth quarter.
• Adobe beat the quarter with $6.06 EPS (vs. $5.87 est.) and $6.40B revenue (vs. $6.28B est.), and set FY2026 EPS guidance of 23.30–23.50 with Q2 guidance of 5.80–5.85.
• Shares are under pressure—trading down and recently hitting a 52‑week low—as analyst downgrades, competitive/AI threats and a roughly $150M settlement add near‑term risk despite some bullish analyst support.

Hunter Perkins Capital Management LLC bought a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 11,824 shares of the software company's stock, valued at approximately $4,138,000.

Other large investors have also recently modified their holdings of the company. Riverbend Wealth Management LLC lifted its position in Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company's stock worth $588,000 after buying an additional 29 shares during the last quarter. Beacon Financial Advisory LLC increased its position in Adobe by 5.5% during 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 last quarter. MCF Advisors LLC increased its position in Adobe by 20.8% during 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 last quarter. Dakota Community Bank & Trust NA raised its stake in shares of 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. raised its stake in shares of 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 own 81.79% of the company's stock.

Adobe Trading Down 2.5%

NASDAQ ADBE opened at $234.84 on Friday. The stock has a market cap of $94.92 billion, a PE ratio of 13.68, a PEG ratio of 0.92 and a beta of 1.53. Adobe Inc. has a 12 month low of $233.15 and a 12 month high of $422.95. The company's 50-day moving average price is $268.38 and its 200-day moving average price is $315.46. The company has a current ratio of 0.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts' consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $5.08 EPS. 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 forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADBE. DA Davidson set a $300.00 price target on shares of Adobe in a research note on Friday, March 13th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. Jefferies Financial Group decreased their price objective on shares of Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. Mizuho dropped their target price on Adobe from $340.00 to $315.00 and set an "outperform" rating for the company in a research report on Friday, March 13th. Finally, Morgan Stanley cut their target price on Adobe from $425.00 to $365.00 and set an "equal weight" rating on the stock in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Adobe presently has an average rating of "Hold" and a consensus price target of $343.88.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred 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 completion of 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

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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