Adobe Inc. $ADBE Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its position in Adobe Inc. (NASDAQ:ADBE) by 70.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,000 shares of the software company’s stock after selling 80,000 shares during the quarter. Tredje AP fonden’s holdings in Adobe were worth $11,900,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the 3rd quarter valued at about $26,000. Western Pacific Wealth Management LP acquired a new position in Adobe in the 4th quarter valued at about $26,000. Caitlin John LLC acquired a new position in Adobe in the 3rd quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in Adobe in the 4th quarter valued at about $28,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Adobe in the 3rd quarter valued at about $27,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst and media commentary has turned constructive, with one report saying the software rally may still have legs and naming Adobe as a buy candidate alongside ServiceNow. This can support demand for the stock as investors rotate back into large-cap software. The software rally may still have legs. Buy ServiceNow and Adobe.
• Positive Sentiment: Multiple reports said Adobe is attracting investor attention and is a top-ranked growth stock on Zacks, which may reinforce the view that the company still has favorable fundamentals and valuation support after a big pullback from its highs. Adobe Systems (ADBE) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: Michael Burry was reported to have added Adobe to his portfolio, a notable signal that a high-profile investor sees value in the shares despite broader concerns about an AI bubble. Michael Burry adds PayPal, MercadoLibre, Adobe, Lululemon Athletica
• Neutral Sentiment: Adobe’s stock is still trading far below its 200-day moving average, which suggests the longer-term trend remains weak even after recent stabilization. Investors may see that as a reason for caution.
• Neutral Sentiment: News about a shareholder lawsuit update adds a legal headline, but the article does not indicate any new material development beyond reminding investors that litigation remains an overhang. Investors who lost money with Adobe Inc. (NASDAQ: ADBE) shares should contact the Shareholders Foundation in connection with Lawsuit
• Negative Sentiment: Michael Burry’s AI bubble warning could weigh on sentiment toward software and AI-related names, since it raises concern that parts of the sector may be overextended even if Adobe itself is not singled out. Michael Burry Invests in MercadoLibre (MELI), Adobe (ADBE), PayPal (PYPL), Lululemon (LULU) — Issues AI Bubble Alert

Analyst Ratings Changes

Several equities analysts have weighed in on the company. William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Wells Fargo & Company lowered their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. DA Davidson set a $300.00 price objective on Adobe in a research report on Friday, March 13th. Argus reissued a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Finally, Jefferies Financial Group lowered their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $338.15.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of the business’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 sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 over the last 90 days. 0.20% of the stock is owned by insiders.

Adobe Stock Performance

Shares of Adobe stock opened at $254.99 on Wednesday. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The company has a market cap of $103.07 billion, a PE ratio of 14.85, a P/E/G ratio of 1.00 and a beta of 1.42. 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 business has a 50-day simple moving average of $246.83 and a 200-day simple moving average of $289.04.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.08 earnings per share. 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 forecast that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its board has authorized a stock repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.