Adobe Inc. $ADBE Shares Purchased by National Pension Service

National Pension Service boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,081,384 shares of the software company’s stock after purchasing an additional 129,647 shares during the quarter. National Pension Service’s holdings in Adobe were worth $378,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after purchasing an additional 344,816 shares during the period. State Street Corp boosted its holdings in shares of Adobe by 1.7% during the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after acquiring an additional 352,448 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Adobe by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after acquiring an additional 414,049 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $1,981,448,000 after acquiring an additional 1,952,994 shares during the period. Finally, Amundi boosted its holdings in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after acquiring an additional 742,646 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock outperformed the broader market in the latest session, suggesting investors are still willing to buy the shares despite recent sector volatility. Adobe Systems (ADBE) Beats Stock Market Upswing: What Investors Need to Know
• Positive Sentiment: Coverage highlighting Adobe as a strong free-cash-flow generator may be supporting the stock by reinforcing its profitability and valuation appeal. Adobe: A Free Cash Flow Machine In Full Gear
• Neutral Sentiment: Adobe Analytics was named a “Champion” in a third-party digital analytics report, which helps validate the product but is unlikely to be a major near-term stock mover on its own. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report
• Negative Sentiment: Several recent articles continue to frame Adobe as a software name under pressure from generative AI disruption fears, which may be limiting upside and keeping some investors cautious. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Negative Sentiment: Investor commentary that Adobe has “fallen out of favor” suggests sentiment remains fragile, with AI-related concerns still weighing on the stock’s multiple. Adobe (ADBE) Has Fallen Out of Favor. That Might Be the Opportunity

Adobe Price Performance

Shares of Adobe stock opened at $241.44 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $243.85 and its two-hundred day moving average price is $284.57. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $421.48. The stock has a market cap of $97.59 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business earned $5.08 earnings per share. Adobe’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. As a group, sell-side analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its board has initiated a stock buyback 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ADBE shares. Argus reissued a “hold” rating on shares of Adobe in a report on Monday, March 16th. Royal Bank Of Canada reduced their price target on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a report on Friday, March 13th. KeyCorp reduced their price objective on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $338.15.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the business’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 completion of the sale, 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by corporate 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.