Brandywine Global Investment Management LLC Raises Position in Adobe Inc. $ADBE

Brandywine Global Investment Management LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 21.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 262,757 shares of the software company’s stock after buying an additional 46,460 shares during the period. Brandywine Global Investment Management LLC’s holdings in Adobe were worth $91,962,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in Adobe during the 4th quarter valued at $2,275,165,000. Arrowstreet Capital Limited Partnership lifted its position 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 purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox lifted its position in shares of Adobe by 8,006.6% during 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 boosted its holdings in Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Finally, Amundi grew its position in Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $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.

Key Adobe News

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

Analyst Ratings Changes

Several research firms have commented on ADBE. DA Davidson set a $300.00 price objective on shares of Adobe in a research note on Friday, March 13th. Argus reaffirmed a “hold” rating on shares of Adobe in a report on Monday, March 16th. Sanford C. Bernstein set a $447.00 price target on Adobe and gave the company an “outperform” rating in a research report on Friday, March 13th. HSBC set a $302.00 price target on Adobe in a report on Friday, February 13th. Finally, Summit Redstone set a $350.00 price objective on Adobe in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $337.62.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the company’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 transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Durn sold 1,336 shares of the 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 transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last 90 days. Insiders own 0.20% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $251.44 on Monday. The firm has a 50 day moving average price of $245.80 and a 200-day moving average price of $281.56. 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 twelve month low of $224.13 and a twelve month high of $419.82. The company has a market capitalization of $101.63 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.98 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the firm posted $5.08 EPS. Adobe’s 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. As a group, equities analysts predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its Board of Directors has approved a share buyback plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.