Adobe Inc. $ADBE Shares Purchased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 177,160 shares of the software company’s stock after buying an additional 5,680 shares during the period. Adobe comprises approximately 1.8% of BLI Banque de Luxembourg Investments’ holdings, making the stock its 11th biggest position. BLI Banque de Luxembourg Investments’ holdings in Adobe were worth $62,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ADBE. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the 3rd quarter valued at about $27,000. Caitlin John LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Adobe during the 4th quarter valued at about $28,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wells Fargo & Company lowered their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. DA Davidson set a $300.00 price objective on Adobe in a report on Friday, March 13th. KeyCorp lowered their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $331.65.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Neutral Sentiment: Adobe is one of the key earnings names to watch this week, with implied volatility likely to stay elevated as investors brace for a post-earnings move. Earnings Volatility Watch: Oracle, Adobe And 8 Stocks Set For Big Swings This Week
• Neutral Sentiment: Wall Street is focused on Adobe’s upcoming quarterly results and key operating metrics, with analysts looking beyond revenue and EPS for signs of business momentum. Curious about Adobe (ADBE) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: Some commentary says Adobe’s shares are near a key test area before earnings, reflecting concern that the stock could remain range-bound until management provides a clearer outlook. Adobe Stock Struggling with Pressure Ahead of Earnings
• Neutral Sentiment: Investors are also weighing Adobe’s valuation and whether buybacks alone can support the stock if growth remains under pressure. Adobe: Buybacks Are The Only Answer In Upcoming Earnings (Rating Downgrade)
• Negative Sentiment: Bearish articles highlight Adobe’s recent weakness, its year-to-date decline, and concerns that competition in AI-powered creative software could keep sentiment fragile into earnings. Adobe (ADBE) Stock Faces Critical Q2 Earnings Test Amid 29% YTD Decline
• Negative Sentiment: Another note says Adobe stock has formed a risky pattern and could sell off further after results if the company fails to reassure investors about growth. Cheap Adobe stock has formed a risky pattern: will it crash after earnings?

Insider Transactions at Adobe

In other news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction that occurred 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 directly owned 359,538 shares in the company, valued at $87,561,884.52. The trade was a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 in the last ninety days. Insiders own 0.20% of the company’s stock.

Adobe Trading Down 2.6%

ADBE stock opened at $244.99 on Tuesday. 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 12-month low of $224.13 and a 12-month high of $419.82. The stock has a market cap of $99.02 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.98 and a beta of 1.42. The business’s 50-day moving average is $245.88 and its 200 day moving average is $281.00.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion for 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 business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, sell-side analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has authorized a stock buyback 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 purchase up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors 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.