Gateway Investment Advisers LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 126,201 shares of the software company’s stock after purchasing an additional 5,834 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Adobe were worth $44,169,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position 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 worth $1,981,448,000 after purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox increased its holdings in shares of Adobe by 8,006.6% in 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 in the last quarter. AQR Capital Management LLC increased its holdings in shares of Adobe by 55.2% in 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 in the last quarter. Amundi raised its position in Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after purchasing an additional 710,357 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Royal Bank Of Canada decreased their price objective on Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Robert W. Baird set a $350.00 price target on Adobe in a research note on Wednesday, January 14th. Morgan Stanley decreased their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Barclays lowered Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $335.00 to $275.00 in a research report on Friday, March 13th. Finally, Summit Redstone set a $350.00 price objective on Adobe in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has an average 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 firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 77,091 shares of company stock worth $18,782,773. Insiders own 0.20% of the company’s stock.
Adobe Stock Performance
Shares of Adobe stock opened at $250.17 on Thursday. The firm has a fifty day moving average of $250.37 and a two-hundred day moving average of $295.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $101.12 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.00 and a beta of 1.42. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $5.08 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, equities research analysts predict that Adobe Inc. will post 19.14 EPS for the current year.
Adobe announced that its Board of Directors has approved a stock buyback program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
Adobe News Summary
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe launched an AI “productivity agent” that integrates Acrobat document intelligence to create, summarize and share rich content — a clear product advancement that supports future growth in agentic AI use cases. Adobe’s New Productivity Agent Redefines How People Understand, Create and Share Information
- Positive Sentiment: Adobe finalized its acquisition of Semrush, bolstering capabilities for agentic AI-driven brand visibility and marketing data — strategic for Adobe Experience Cloud and adtech monetization. Adobe (ADBE) Finalizes Acquisition of Semrush Holdings to Power Agentic AI Brand Visibility
- Positive Sentiment: Management’s large $25 billion buyback program signals confidence and supports EPS/share metrics, a potential near-term floor for valuation as Adobe repurchases depressed shares. Adobe’s $25 Billion Buyback Sends a Clear Signal. Yet Shares Remain Dirt Cheap.
- Neutral Sentiment: Adobe highlights India as a major innovation hub ( ~1/3 of global innovation, including Firefly) and sees vertical demand in fashion, travel and e‑commerce — positive for long-term product road map but not an immediate revenue catalyst. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
- Neutral Sentiment: Macro commentary on the AI/SaaS rotation notes both risk and opportunity — some analysts see recovery potential for select software names, but the sector remains volatile. The Same AI Wave Crushing SaaS Stocks May Be About to Rescue These 3 Names
- Negative Sentiment: Insider selling (reported ~US$19M) and commentary suggesting insider hesitancy can spook investors and is being cited as a headwind. Adobe Insiders Sold US$19m Of Shares Suggesting Hesitancy
- Negative Sentiment: Short-term selling pressure and cautious headlines (including bearish takes comparing Adobe to a fading incumbent and noting a pullback after a rally) are pressuring the stock amid technical weakness. Adobe turns red: On track to log losses after six-session rally
- Negative Sentiment: Market coverage noting the stock “sinks” despite broader market gains reflects mixed analyst tone and may amplify selling momentum. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here’s Why
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.
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