<div id="readability-page-1"><p>Jacobs &amp; Co. CA grew its stake in  Adobe Inc. (NASDAQ:ADBE - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 38,122 shares of the software company's stock after acquiring an additional 1,032 shares during the period. Adobe accounts for  1.6% of Jacobs &amp; Co. CA's holdings, making the stock its 16th biggest holding. Jacobs &amp; Co. CA's holdings in Adobe were worth $14,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>Best Value Stocks According to Morningstar in 2025</li></ul><p>Several other institutional investors and hedge funds have also recently modified their holdings of ADBE. Centre Asset Management LLC purchased a new stake in  Adobe during the first quarter worth $8,727,000.  Hobart Private Capital LLC raised its holdings in  Adobe by 70.7% in the first quarter. Hobart Private Capital LLC now owns 1,164 shares of the software company's stock worth $446,000 after purchasing an additional 482 shares in the last quarter.  MassMutual Private Wealth &amp; Trust FSB lifted its position in  Adobe by 2.4% during the first quarter. MassMutual Private Wealth &amp; Trust FSB now owns 72,002 shares of the software company's stock valued at $27,615,000 after acquiring an additional 1,698 shares during the last quarter.  Fire Capital Management LLC acquired a new stake in  Adobe in the fourth quarter valued at approximately $1,351,000.  Finally, Mascagni Wealth Management Inc. acquired a new position in shares of  Adobe during the fourth quarter worth $69,000. Institutional investors own  81.79% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other news, CFO Daniel Durn bought 1,300 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $390.58 per share, for a total transaction of $507,754.00. Following the acquisition, the chief financial officer now directly owns 29,876 shares of the company's stock, valued at $11,668,968.08. This trade represents a 4.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by company insiders. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>A Bull Case for Adobe Stock Remains Today</li></ul><p>Several research analysts recently issued reports on ADBE shares. Citigroup reduced their target price on Adobe from $551.00 to $490.00 and set a &#34;neutral&#34; rating on the stock in a research report on Monday, March 10th. Bank of America dropped their price target on Adobe from $605.00 to $528.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, March 13th. Oppenheimer reduced their price objective on Adobe from $560.00 to $530.00 and set an &#34;outperform&#34; rating for the company in a research note on Thursday, March 13th. Morgan Stanley decreased their target price on Adobe from $600.00 to $510.00 and set an &#34;overweight&#34; rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird cut their price target on shares of Adobe from $490.00 to $410.00 and set a &#34;neutral&#34; rating on the stock in a report on Wednesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating, seventeen have issued  a buy rating and one  has assigned  a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $502.88.</p><p><b>Read Our Latest Stock Analysis on Adobe</b></p><h2>Adobe Stock Down 0.2%</h2><ul><li>MarketBeat Week in Review – 03/17 - 03/21</li></ul><p>ADBE stock opened at $412.23 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $378.50 and a two-hundred day moving average of $430.10. Adobe Inc. has a 12 month low of $332.01 and a 12 month high of $587.75. The company has a market cap of $175.69 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.15 and a beta of 1.55. </p><p>Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The software company reported $5.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.11. Adobe had a return on equity of 45.87% and a net margin of 25.85%. The business had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same period in the prior year, the business earned $4.48 earnings per share.  As a group, analysts forecast that  Adobe Inc. will post 16.65 earnings per share for the current fiscal year. </p><h2>About Adobe</h2> (Free Report)<p>Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Adobe</li><li>The Significance of Brokerage Rankings in Stock Selection</li><li>Amer Sports: The New ONON and DECK of Consumer Discretionary?</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>BigBear.ai: Risky AI Stock or Defense Tech Opportunity?</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>Toyota Supercharges Joby: $250M Capital Infusion Ignites Stock  </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Adobe Right Now?</h2><p>Before you consider Adobe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.</p><p>While Adobe currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ADBE

<p>Jacobs & Co. CA increased its stake in Adobe Inc. (NASDAQ:ADBE) by 2.8% in Q1, now owning 38,122 shares valued at $14.62 million. Other institutional investors also adjusted their holdings. CFO Daniel Durn purchased 1,300 shares, raising his position by 4.55%. Analysts have mixed ratings on Adobe, with a consensus rating of "Moderate Buy" and an average price target of $502.88. Adobe's stock opened at $412.23, with a market cap of $175.69 billion and reported Q1 earnings of $5.08 EPS, exceeding estimates.</p>

- Jacobs & Co. CA increased its stake in Adobe Inc. by 2.8% in Q1, owning 38,122 shares valued at $14.6 million.  
- Several institutional investors also modified their holdings, with Centre Asset Management purchasing a new stake worth $8.7 million and Hobart Private Capital raising its holdings by 70.7%.  
- Adobe's stock has a consensus rating of "Moderate Buy" with an average price target of $502.88, despite recent target price reductions from various analysts.

Jacobs & Co. CA Grows Stock Holdings in Adobe Inc. (NASDAQ:ADBE)