Guinness Asset Management LTD Buys 47,099 Shares of Adobe Inc. $ADBE

Guinness Asset Management LTD boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 46.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,673 shares of the software company’s stock after buying an additional 47,099 shares during the quarter. Guinness Asset Management LTD’s holdings in Adobe were worth $52,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Western Pacific Wealth Management LP bought a new stake in shares of Adobe in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe in the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe in the 3rd quarter valued at about $27,000. Caitlin John LLC bought a new stake in shares of Adobe in the 3rd quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Adobe in the 4th quarter valued at about $28,000. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the subject of several recent research reports. BMO Capital Markets reduced their price target on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a report on Friday, March 13th. Citigroup restated a “neutral” rating on shares of Adobe in a report on Friday, April 10th. HSBC set a $302.00 price target on shares of Adobe in a report on Friday, February 13th. Mizuho restated a “neutral” rating and issued a $270.00 price target (down from $315.00) on shares of Adobe in a report on Monday, April 27th. Finally, BTIG Research initiated coverage on shares of Adobe in a report on Monday, April 13th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $338.15.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Adobe Trading Up 0.3%

NASDAQ ADBE opened at $244.76 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market cap of $98.93 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. The company has a 50 day moving average price of $245.05 and a 200 day moving average price of $287.46. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $421.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. Adobe’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.08 EPS. 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, sell-side 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 authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is getting fresh buzz from its deeper integration with Google Gemini, including the ability for users to access Photoshop and Premiere Pro tools inside the AI assistant. That could expand Adobe’s reach and strengthen demand for its creative software. Article Title
• Positive Sentiment: Articles highlighting Adobe’s Digital Experience business say the company is well positioned to benefit from the digital content boom, with Experience Cloud and AI tools like Firefly and Sensei serving demand in ads and e-commerce. Article Title
• Positive Sentiment: Some market commentary argues Adobe looks inexpensive relative to its growth outlook after the broad software selloff, which may be attracting value-oriented investors. Article Title
• Neutral Sentiment: Additional coverage says Adobe is using agentic AI to defend its software moat, reinforcing the view that management is leaning into AI to support its competitive position. Article Title
• Negative Sentiment: One market recap noted Adobe stock fell in the latest session while the broader market advanced, underscoring continued volatility and investor caution around the name. Article Title
• Negative Sentiment: Governance-related headlines are also adding a small overhang, with renewed attention on trading activity tied to Adobe shares amid existing shareholder litigation. Article Title

Adobe Company 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.