Cantillon Capital Management LLC Buys 156,929 Shares of Adobe Inc. $ADBE

Cantillon Capital Management LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,157,237 shares of the software company’s stock after acquiring an additional 156,929 shares during the quarter. Adobe makes up 2.2% of Cantillon Capital Management LLC’s portfolio, making the stock its 21st largest holding. Cantillon Capital Management LLC’s holdings in Adobe were worth $405,021,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after buying an additional 486 shares during the last quarter. United Bank raised its holdings in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after buying an additional 428 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after purchasing an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after purchasing an additional 1,813 shares during the period. 81.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s 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 owned 359,538 shares in the company, valued at $87,561,884.52. The trade was a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 77,091 shares of company stock worth $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Mizuho reiterated a “neutral” rating and issued a $270.00 price objective (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. DA Davidson set a $300.00 price objective on Adobe in a research report on Friday, March 13th. Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. KeyCorp decreased their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Finally, William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $337.62.

Adobe Price Performance

Shares of ADBE opened at $251.44 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day simple moving average of $245.80 and a 200 day simple moving average of $281.56. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $419.82. The firm has a market capitalization of $101.63 billion, a PE ratio of 14.64, a P/E/G ratio of 0.98 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the firm earned $5.08 EPS. Adobe’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. Sell-side analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Adobe News Summary

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 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.