Adobe Inc. $ADBE Shares Bought by Sather Financial Group Inc

Sather Financial Group Inc lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,688 shares of the software company’s stock after buying an additional 28,617 shares during the period. Adobe makes up approximately 2.9% of Sather Financial Group Inc’s portfolio, making the stock its 12th largest position. Sather Financial Group Inc’s holdings in Adobe were worth $54,213,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Adobe by 2.1% during 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 last quarter. Teza Capital Management LLC acquired a new stake in shares of Adobe during the first quarter valued at about $245,000. Voleon Capital Management LP increased its position in shares of Adobe by 666.3% during the first quarter. Voleon Capital Management LP now owns 3,663 shares of the software company’s stock valued at $1,405,000 after acquiring an additional 3,185 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Adobe by 56.8% in the 1st quarter. Great Lakes Advisors LLC now owns 33,518 shares of the software company’s stock valued at $12,842,000 after acquiring an additional 12,137 shares during the period. Finally, Arete Wealth Advisors LLC raised its position in Adobe by 3.1% in the first quarter. Arete Wealth Advisors LLC now owns 3,740 shares of the software company’s stock valued at $1,434,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research report on Monday, December 29th. UBS Group set a $487.00 price objective on shares of Adobe in a research note on Sunday, December 14th. Mizuho cut their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, TD Cowen reduced their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus price target of $414.22.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Neutral Sentiment: Analysts published forward-looking estimates and previews ahead of Adobe’s upcoming quarter, offering mixed expectations but no clear catalyst to reverse the pullback. Research Analysts Offer Predictions for Adobe Q1 Earnings
• Neutral Sentiment: A sector-level, comparative piece reviews Adobe versus peers and highlights competitive pressures and valuation differences — useful context for investors assessing relative strength but not a direct trigger. In-Depth Analysis: Adobe Versus Competitors In Software Industry
• Negative Sentiment: Jefferies downgraded Adobe from Buy to Hold, saying Adobe’s AI “inflection” appears more limited versus peers — the downgrade is the primary near-term driver of selling pressure. Jefferies downgrades Adobe, upgrades IBM as AI reshapes 2026 software outlook
• Negative Sentiment: Coverage and op-eds are amplifying the downgrade impact — several pieces link the Jefferies call to a multi-day selloff and falling market cap, increasing negative sentiment among investors. Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Opinion/short pieces argue Adobe looks risky relative to alternatives and suggest rotation into other names; these narratives can accelerate outflows from momentum-focused holders. 3 Reasons ADBE is Risky and 1 Stock to Buy Instead
• Negative Sentiment: Market commentary highlights a sharp start to 2026 for software names (including Adobe) with steep intraday declines, reinforcing sector weakness and risk-off positioning. Salesforce and Adobe Start 2026 With a 5% Plunge—Should Investors Buy or Bail?

Adobe Trading Up 1.3%

NASDAQ:ADBE opened at $335.99 on Wednesday. The stock has a 50-day simple moving average of $337.28 and a 200-day simple moving average of $350.64. The stock has a market cap of $140.65 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.31 and a beta of 1.53. Adobe Inc. has a 1 year low of $311.58 and a 1 year high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

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.