Adobe Inc. $ADBE Position Increased by 111 Capital

111 Capital raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 67.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,398 shares of the software company’s stock after purchasing an additional 4,190 shares during the quarter. Adobe accounts for about 0.8% of 111 Capital’s portfolio, making the stock its 22nd largest holding. 111 Capital’s holdings in Adobe were worth $3,639,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADBE. Willis Investment Counsel raised its stake in Adobe by 138.9% during the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after buying an additional 23,671 shares during the period. Victory Capital Management Inc. raised its stake 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 worth $469,467,000 after buying an additional 710,357 shares during the period. Nicholas Company Inc. raised its stake in Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after buying an additional 12,400 shares during the period. Diamond Hill Capital Management Inc. raised its stake 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 worth $361,383,000 after buying an additional 174,891 shares during the period. Finally, Teacher Retirement System of Texas raised its stake 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 worth $75,462,000 after buying an additional 25,435 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 77,091 shares of company stock worth $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus dropped their price target on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Citigroup lifted their price target on Adobe from $253.00 to $264.00 and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research note on Friday, March 13th. BMO Capital Markets dropped their price target 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. Finally, KeyCorp dropped their price target on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $337.62.

Adobe Stock Down 2.7%

NASDAQ ADBE opened at $251.44 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. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $419.82. The company has a 50 day moving average of $245.80 and a 200-day moving average of $281.86. The company has a market cap of $101.63 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.01 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the business earned $5.08 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. 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 research analysts expect that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Trending Headlines about 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

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.