Fisher Funds Management LTD Sells 26,138 Shares of Adobe Inc. $ADBE

17 Apr 2026, 06:40 by Jessica Moore · The Cerbat Gem

Fisher Funds Management LTD decreased its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,810 shares of the software company’s stock after selling 26,138 shares during the period. Fisher Funds Management LTD’s holdings in Adobe were worth $18,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe in the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Adobe in the third quarter worth about $27,000. Caitlin John LLC bought a new position in shares of Adobe in the third quarter worth about $28,000. Beacon Financial Strategies CORP bought a new position in shares of Adobe in the fourth quarter worth about $28,000. Finally, Marquette Asset Management LLC lifted its position in shares of Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 1.4%

Shares of ADBE stock opened at $248.15 on Friday. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $253.91 and its two-hundred day simple moving average is $304.38. The company has a market cap of $100.30 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.52.

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, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business posted $5.08 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe launched the Firefly AI Assistant — a conversational, agentic tool that executes multi-step creative workflows across Photoshop, Premiere and Illustrator; integration with Anthropic’s Claude broadens model access and helped lift sentiment. Read More.
Positive Sentiment: Feature coverage shows Firefly Assistant can perform complex design tasks from text prompts, reinforcing the product differentiation that investors view as driving adoption and upsells in Creative Cloud. Read More.
Positive Sentiment: Adobe-reported data: AI-driven traffic to US retail sites is converting materially better than paid search/email (March: +42% vs non-AI), supporting the revenue potential of Adobe Experience Cloud’s AI features. Read More.
Neutral Sentiment: Market commentary and social/trader chatter emphasize a rebound in software stocks and debate whether AI is accretive rather than disruptive; some funds are adding positions — this mixed but constructive sentiment is helping the rally. Read More.
Neutral Sentiment: Adobe issued an emergency patch for a PDF zero‑day that had been exploited; the quick fix reduces operational/security risk but highlights cyber risk exposure. Read More.
Negative Sentiment: Competition risk: Anthropic is developing an AI design tool tied to Opus 4.7 that could challenge parts of Adobe and Figma’s market, prompting investor caution about long-term share of creative workflows. Read More.
Negative Sentiment: Insider activity shows recent sales by senior executives (reported in market-data summaries), which some investors read as a modest negative signal even though overall institutional positioning remains mixed. Read More.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the sale, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ADBE shares. Robert W. Baird set a $350.00 target price on Adobe in a research report on Wednesday, January 14th. UBS Group decreased their target price on Adobe from $340.00 to $290.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. TD Cowen decreased their target price on Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. The Goldman Sachs Group decreased their target price on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Finally, Jefferies Financial Group decreased their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $343.88.

View Our Latest Research Report on Adobe

Adobe Company Profile

(Free Report)

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.