Phoenix Financial Ltd. Reduces Position in Adobe Inc. $ADBE

Phoenix Financial Ltd. lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 10.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,192 shares of the software company’s stock after selling 2,691 shares during the quarter. Phoenix Financial Ltd.’s holdings in Adobe were worth $8,115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Adobe by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after buying an additional 344,816 shares during the last quarter. State Street Corp grew its stake in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after buying an additional 352,448 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after buying an additional 1,952,994 shares during the last quarter. Amundi grew its stake in shares of Adobe by 17.9% in the 3rd 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 during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Adobe by 9.4% in the 3rd quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock valued at $1,700,850,000 after purchasing an additional 414,526 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its agentic AI strategy with a new Acrobat productivity agent that lets users chat with PDFs, pull out key insights, and generate content such as presentations and social posts, reinforcing the company’s push to monetize AI across its software ecosystem. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Positive Sentiment: Adobe is also integrating agentic AI with major tech platforms to automate customer workflows, which could strengthen demand for its digital media and document tools and broaden its enterprise appeal. Adobe (ADBE) Integrates Agentic AI With Major Tech Platforms to Automate Customer Workflows
• Positive Sentiment: Analyst commentary suggests generative AI could expand Adobe’s Digital Media opportunity, with Firefly and Acrobat AI Assistant helping support growth in a business that represents the majority of revenue. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Media coverage is continuing to frame Adobe as a potential rebound story and a long-term value stock, but these pieces are more opinion-driven than catalyst-based. Why Adobe Systems (ADBE) is a top value stock for the long term
• Negative Sentiment: At the same time, reports note that Adobe’s stock has been falling even after an earnings beat, suggesting investors remain focused on concerns such as competition, valuation, and whether AI progress will translate into faster growth. Why Adobe’s stock is falling despite an earnings beat

Analyst Ratings Changes

ADBE has been the topic of several analyst reports. Morgan Stanley lowered their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. JPMorgan Chase & Co. lowered their target price on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. KeyCorp lowered their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. BTIG Research initiated coverage on Adobe in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets lowered their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $338.15.

Insider Activity

In related news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction on 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 transaction, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe 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 transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $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 in the last three months. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Up 0.4%

ADBE opened at $237.01 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $248.44 and a 200-day simple moving average of $291.14. The stock has a market capitalization of $95.80 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.92 and a beta of 1.42. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $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. On average, equities analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

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

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.