Varma Mutual Pension Insurance Co Acquires 21,800 Shares of Adobe Inc. $ADBE

Varma Mutual Pension Insurance Co increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 45.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 69,326 shares of the software company’s stock after buying an additional 21,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Adobe were worth $24,263,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Seizert Capital Partners LLC grew its stake in shares of Adobe by 30.6% during the 4th quarter. Seizert Capital Partners LLC now owns 157,715 shares of the software company’s stock valued at $55,199,000 after purchasing an additional 36,992 shares during the period. Montag A & Associates Inc. grew its stake in shares of Adobe by 1.0% during the 4th quarter. Montag A & Associates Inc. now owns 32,613 shares of the software company’s stock valued at $11,414,000 after purchasing an additional 333 shares during the period. VELA Investment Management LLC grew its stake in shares of Adobe by 481.7% during the 4th quarter. VELA Investment Management LLC now owns 2,920 shares of the software company’s stock valued at $1,022,000 after purchasing an additional 2,418 shares during the period. Pittenger & Anderson Inc. grew its stake in shares of Adobe by 121.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 2,463 shares of the software company’s stock valued at $862,000 after purchasing an additional 1,353 shares during the period. Finally, CX Institutional grew its stake in shares of Adobe by 8.2% during the 4th quarter. CX Institutional now owns 30,208 shares of the software company’s stock valued at $10,572,000 after purchasing an additional 2,286 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

ADBE stock opened at $250.71 on Monday. 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 company has a market capitalization of $101.34 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.98 and a beta of 1.42. The business has a 50 day simple moving average of $250.36 and a two-hundred day simple moving average of $296.63.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $6.28 billion. During the same period in the prior year, the company posted $5.08 EPS. The firm’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. Research analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its board has approved a share repurchase plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADBE. UBS Group cut their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. BTIG Research started coverage on Adobe in a research note on Monday, April 13th. They set a “neutral” rating for the company. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the company an “outperform” rating in a research note on Friday, March 13th. HSBC set a $302.00 price objective on Adobe in a research note on Friday, February 13th. Finally, Barclays downgraded Adobe from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $335.00 to $275.00 in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $338.15.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock worth $18,782,773 in the last three months. 0.20% of the stock is owned by company insiders.

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.