Harvest Fund Management Co. Ltd Buys 6,516 Shares of Adobe Inc. $ADBE

Harvest Fund Management Co. Ltd grew its stake in Adobe Inc. (NASDAQ:ADBE) by 25.0% during the fourth quarter, Holdings Channel reports. The firm owned 32,551 shares of the software company’s stock after purchasing an additional 6,516 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Adobe were worth $11,388,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADBE. Norges Bank bought a new position in shares of Adobe in the fourth quarter valued at approximately $2,275,165,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adobe by 53.3% in 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 purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox lifted 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 lifted 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. Finally, Amundi lifted its holdings in shares of Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $258.42 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 has a market capitalization of $104.45 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 1.00 and a beta of 1.42. The stock has a 50 day moving average of $245.51 and a 200 day moving average of $282.08. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $421.48.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The company 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%.Adobe’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business 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. As a group, sell-side analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its board has initiated a share buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts are looking for Adobe to report earnings growth next week, and several previews suggest the company has a strong setup for a possible beat thanks to resilient fundamentals and expectations that it can clear Wall Street targets. Adobe Systems (ADBE) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Adobe is also being discussed as a stock to watch in digital media and AI-related software, which keeps the company in focus as investors look for names that can benefit from AI spending and software demand. Digital Media Stocks Worth Watching – June 1st
• Neutral Sentiment: Reports say Adobe is close to choosing its next CEO and is weighing internal candidates alongside outside AI-focused leaders. That uncertainty could keep the stock volatile, but it also signals a strategic push to align leadership with the company’s AI ambitions. Adobe Eyes Two Internal Leaders, AI Outsiders for CEO Role
• Neutral Sentiment: Market commentary also noted Adobe has been falling more than the broader market in recent sessions, reflecting broader caution around software valuations and investor concern ahead of the earnings report. Here’s Why Adobe Systems (ADBE) Fell More Than Broader Market
• Negative Sentiment: Some recent trading weakness in Adobe appears tied to broader tech-sector mixed performance and profit-taking, which may be weighing on shares until the company provides a clearer earnings and leadership catalyst. Sector Update: Tech Stocks Mixed Late Afternoon

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents 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 valued at $18,782,773 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADBE. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Barclays downgraded Adobe from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $335.00 to $275.00 in a research report on Friday, March 13th. Citigroup reaffirmed a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. Summit Redstone set a $350.00 price target on Adobe in a research report on Friday, April 17th. Finally, Morgan Stanley decreased their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $338.15.

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.