AE Wealth Management LLC boosted its Adobe holdings by 24.0% in the third quarter, acquiring an additional 7,596 shares to bring its total to 39,189 shares valued at $13.82 million. CX Institutional followed with a 72.9% increase, adding 11,769 shares to reach 27,922 shares worth $9.85 million. Wright Investors Service Inc. more than doubled its position with a 114.4% rise, purchasing 5,293 shares to hold 9,919 shares valued at $3.50 million. Federated Hermes Inc. led the quarter with a 185.1% jump, adding 583,275 shares to amass 898,408 shares worth $316.91 million. Institutional ownership now stands at 81.79% of the company’s total shares outstanding.

Analyst activity has been notable, with Mizuho trimming its price objective from 410 to 390 and maintaining an outperform stance, while Barclays upheld its overweight rating with a 415 target. TD Cowen lowered its target from 420 to 400 and shifted to hold, and Wolfe Research reduced its outlook from 450 to 440 with an outperform opinion. Goldman Sachs initiated coverage with a sell rating and a 290 target. Consensus data from MarketBeat shows a distribution of one Strong Buy, eleven Buy, eleven Hold and four Sell ratings, resulting in an average Hold consensus and a consensus target near 397.19.

Chief Financial Officer Daniel Durn executed a sale of 1,646 shares on January 27, reducing his stake by 3.77%. The transaction generated proceeds of approximately $485,323. Following the sale, Durn retains 41,995 shares valued at roughly $12.38 million. Insider holdings represent 0.16% of the company’s outstanding shares, and the transaction was disclosed in the company’s SEC filing.

In the quarter ended December 10, Adobe delivered earnings per share of $5.50, surpassing consensus estimates by $0.10, and generated revenue of $6.19 billion, topping forecasts by $80 million and marking 10.5% year-over-year growth. Net margin reached 30.0%, and return on equity stood at 61.3%. For the first quarter of fiscal 2026, the company guided to EPS in the range of 5.85–5.90, and for full-year 2026 to 23.30–23.50 EPS, compared with analysts’ average projection of 16.65 EPS for the current year.