Krilogy Financial LLC Takes $3.41 Million Position in Adobe Inc. $ADBE

Key Points

• Krilogy Financial LLC opened a new position in Adobe, buying 10,148 shares valued at about $3.41 million in Q3, and roughly 81.79% of Adobe is held by hedge funds and other institutional investors.
• Adobe beat Q3 estimates (EPS $5.50 vs. $5.40; revenue $6.19B) and gave FY2026 guidance of $23.30–$23.50 EPS, but Wall Street's consensus is a Hold with a target price of $401.13 after several recent target cuts.

Krilogy Financial LLC acquired a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,148 shares of the software company's stock, valued at approximately $3,405,000.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock worth $3,588,000 after purchasing an additional 167 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock valued at $926,000 after acquiring an additional 486 shares during the period. Concurrent Investment Advisors LLC grew its stake in Adobe by 102.4% during the second quarter. Concurrent Investment Advisors LLC now owns 9,423 shares of the software company's stock valued at $3,645,000 after acquiring an additional 4,767 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Adobe by 12.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 179,569 shares of the software company's stock valued at $70,409,000 after acquiring an additional 20,055 shares in the last quarter. Finally, Pzena Investment Management LLC bought a new stake in Adobe during the 2nd quarter worth approximately $226,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst/market bullish takes — several articles argue Adobe is attractively valued after the pullback and a candidate for a rebound, highlighting its subscription moat and long-term earnings power. Adobe: Bullish On A Bounce Back From Multi-Year Lows
• Positive Sentiment: Value/earnings momentum views — Zacks and other analysts profile Adobe as a top value/earnings-acceleration stock, supporting the case for longer-term investors buying the dip. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Positive Sentiment: Macro/sector rebound narratives — strategists say recent AI-driven selling has created buying opportunities in higher-quality software names like Adobe, helping stabilize sentiment in some trading sessions. AI disruption fears create buying chance in US software stocks, strategists say
• Neutral Sentiment: Small insider/institutional activity — a minor stake purchase was reported (2,037 shares by Tempus Wealth Planning), but the size is not material to Adobe’s float. 2,037 Shares in Adobe Inc. $ADBE Acquired by Tempus Wealth Planning LLC
• Neutral Sentiment: Market breadth improvement — broader market indicators and a rebound in software names have eased panic-driven flows, reducing downside pressure for quality names like Adobe. Nasdaq Jumps Over 200 Points As Software Stocks Rebound: Investor Sentiment Improves, Fear & Greed Index Moves To 'Neutral' Zone
• Neutral Sentiment: Short-interest data anomaly — a report noted a “significant increase” but showed zero shares/NaN values, indicating unreliable short interest reporting this cycle; no clear signal from shorts.
• Negative Sentiment: Sector rotation & FOBO selling — commentary points to tech-heavy portfolios being hit by rotation into consumer/defensive names (Walmart, Hershey) and fear-of-bad-outcomes (FOBO), which has pressured Adobe along with other software stocks. FOBO (Not FOMO) Hits Tech Heavy Portfolios Hard; Tech Stocks Adobe, Salesforce Beaten By Walmart, Hershey

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of the 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 transaction, the chief financial officer owned 41,995 shares of the company's stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several analyst reports. Piper Sandler downgraded shares of Adobe from an "overweight" rating to a "neutral" rating and cut their price target for the company from $470.00 to $330.00 in a report on Monday, February 2nd. Stifel Nicolaus dropped their price objective on Adobe from $480.00 to $450.00 and set a "buy" rating for the company in a research note on Tuesday, December 9th. Wells Fargo & Company reduced their target price on Adobe from $470.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, November 20th. Wall Street Zen cut Adobe from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. Finally, Wolfe Research cut their price objective on Adobe from $450.00 to $440.00 and set an "outperform" rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe has an average rating of "Hold" and a consensus target price of $401.13.

Adobe Price Performance

ADBE opened at $264.67 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $108.65 billion, a P/E ratio of 15.84, a PEG ratio of 1.05 and a beta of 1.51. The stock has a 50-day moving average price of $322.25 and a 200-day moving average price of $336.91. Adobe Inc. has a 12-month low of $262.95 and a 12-month high of $465.70.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts' consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analysts' expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $4.81 EPS. 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 analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe 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.

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