Adobe Inc. $ADBE Stake Boosted by Trilogy Capital Inc.

Trilogy Capital Inc. grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,426 shares of the software company’s stock after purchasing an additional 3,544 shares during the quarter. Trilogy Capital Inc.’s holdings in Adobe were worth $3,649,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ADBE. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Dodge & Cox grew its holdings in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after purchasing an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Amundi grew its holdings in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Adobe by 112.6% during the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after purchasing an additional 710,357 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched free AI-powered student tools (Acrobat/Student Spaces), expanding its consumer touchpoints and widening its funnel for future paid upgrades and ecosystem lock-in. Adobe launches Acrobat Spaces, a free AI-powered study tool for students
• Positive Sentiment: Adobe’s BPC (Digital Media) segment is growing from AI features and user expansion (cited ~850M users), supporting longer-term revenue upside if Adobe can monetize broader engagement. Adobe’s BPC Segment Grows From AI and User Expansion: What’s Ahead?
• Positive Sentiment: Coverage highlighting Adobe “thriving in the AI landscape” reinforces the narrative that Adobe’s AI-infused tools can drive product differentiation and monetization over time. Adobe (ADBE) is Thriving in the AI Landscape
• Neutral Sentiment: Leadership transition risk: reports about CEO Shantanu Narayen’s planned retirement and analyst reassessments inject succession uncertainty—could be managed well but increases near-term investor scrutiny. Leadership Shift And AI Rivals Might Change The Case For Investing In Adobe (ADBE)
• Negative Sentiment: Security incident: researcher reports a zero-day in Adobe Reader exploited via malicious PDFs since Dec 2025 — a reputational and operational headwind that could require urgent remediation and heighten enterprise caution. Adobe Reader Zero-Day Exploited for Months: Researcher
• Negative Sentiment: Sector rotation risk: CNBC’s Jim Cramer flagged a renewed “buy hardware, sell software” dynamic where infrastructure/AI-infrastructure names are outperforming traditional software — a headwind to software multiples including Adobe. Cramer explains the divergence in tech stocks – and why software may continue to lag

Adobe Stock Performance

Shares of ADBE stock opened at $229.94 on Friday. Adobe Inc. has a 12-month low of $227.70 and a 12-month high of $422.95. The firm has a market capitalization of $92.94 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The business has a 50 day simple moving average of $258.18 and a 200 day simple moving average of $308.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company posted $5.08 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BMO Capital Markets lowered their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a report on Friday, March 13th. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. TD Cowen decreased their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. Finally, DA Davidson set a $300.00 price objective on Adobe in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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 stock in a transaction 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 completion of the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

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.