Prudential PLC Sells 2,766 Shares of Adobe Inc. $ADBE

Prudential PLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,234 shares of the software company’s stock after selling 2,766 shares during the period. Prudential PLC’s holdings in Adobe were worth $15,831,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Willis Investment Counsel increased its position in shares of Adobe by 138.9% during the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after purchasing an additional 23,671 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after acquiring an additional 710,357 shares during the period. Nicholas Company Inc. boosted its holdings in Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after acquiring an additional 12,400 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in Adobe by 20.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,024,473 shares of the software company’s stock valued at $361,383,000 after acquiring an additional 174,891 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Adobe by 13.4% during the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock valued at $75,462,000 after acquiring an additional 25,435 shares during the period. Institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating on Adobe and kept a $350 price target, implying meaningful upside from current levels. This suggests some analysts still see attractive valuation and earnings potential ahead. Benzinga
• Positive Sentiment: Multiple previews ahead of Adobe’s June 11 fiscal Q2 earnings report say Wall Street expects earnings growth and a potential beat, which could support the stock if results and guidance come in stronger than expected. Yahoo Finance
• Neutral Sentiment: Coverage this week highlighted that Adobe is getting closer to choosing its next CEO, with internal and external candidates under review. Leadership transition talk adds uncertainty, but it could also be viewed as a strategic reset in the AI era. Yahoo Finance
• Negative Sentiment: Investor anxiety continues to build around Adobe’s competitive moat, with one recent article arguing that AI could threaten the “Adobe era” and help explain why the stock has fallen sharply from its 2025 highs. The Motley Fool
• Negative Sentiment: Recent market commentary also noted Adobe has been falling more than the broader market, reflecting ongoing skepticism ahead of earnings and broader concerns about growth durability. Zacks

Adobe Stock Down 2.7%

Shares of ADBE opened at $251.44 on Friday. The company has a market capitalization of $101.63 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.01 and a beta of 1.42. The stock’s 50-day moving average price is $245.80 and its 200-day moving average price is $281.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $419.82.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating 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 the consensus estimate of $6.28 billion. During the same quarter last year, the business posted $5.08 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts predict that Adobe Inc. will post 19.14 EPS for the current year.

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

Insider Transactions at Adobe

In other news, 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 transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADBE. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the company an “outperform” rating in a report on Friday, March 13th. The Goldman Sachs Group dropped their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. Barclays cut Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $335.00 to $275.00 in a report on Friday, March 13th. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Mizuho restated a “neutral” rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $337.62.

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.