Norris Perne & French LLP MI Purchases 6,451 Shares of Adobe Inc. $ADBE

Key Points

• Norris Perne & French LLP MI increased its Adobe stake by 12.4%, buying 6,451 shares to hold 58,379 shares worth about $20.43 million, making ADBE 1.3% of the firm's holdings and its 28th-largest position.
• Adobe beat quarterly estimates with EPS of $6.06 vs. $5.87 expected and revenue of $6.40B vs. $6.28B, revenue was up 12% year‑over‑year and management guided FY2026 EPS to $23.30–$23.50 (Q2 guidance $5.80–$5.85).
• Shares are trading higher (up about 6.5%), institutional ownership is about 81.79%, and analysts' consensus is a "Hold" with an average price target of $343.88 amid mixed individual ratings and target cuts.

Norris Perne & French LLP MI boosted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,379 shares of the software company's stock after purchasing an additional 6,451 shares during the period. Adobe comprises 1.3% of Norris Perne & French LLP MI's holdings, making the stock its 28th largest position. Norris Perne & French LLP MI's holdings in Adobe were worth $20,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ADBE. Brighton Jones LLC grew its holdings in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Adobe by 25.5% in the 2nd 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 in the last quarter. United Bank grew its holdings in shares of Adobe by 12.8% in the 2nd quarter. United Bank now owns 3,773 shares of the software company's stock valued at $1,460,000 after acquiring an additional 428 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock valued at $1,017,000 after acquiring an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Adobe by 190.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock valued at $1,069,000 after acquiring an additional 1,813 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

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

Adobe Trading Up 6.5%

Shares of ADBE stock opened at $240.11 on Tuesday. The firm has a 50 day moving average price of $255.76 and a two-hundred day moving average price of $306.07. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $97.05 billion, a PE ratio of 13.98, 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.

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

Wall Street Analyst Weigh In

ADBE has been the subject of several recent analyst reports. Morgan Stanley cut their target price on shares of Adobe from $425.00 to $365.00 and set an "equal weight" rating for the company in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Adobe in a research note on Friday, March 13th. DA Davidson set a $300.00 target price on shares of Adobe in a research note on Friday, March 13th. Mizuho cut their target price on shares of Adobe from $340.00 to $315.00 and set an "outperform" rating for the company in a research note on Friday, March 13th. Finally, Argus reiterated a "hold" rating on shares of Adobe in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $343.88.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm's 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 directly owned 41,995 shares in the company, valued at $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 is available at this hyperlink. 0.20% of the stock is owned by company insiders.

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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