Andra AP fonden Has $41.45 Million Stake in Adobe Inc. $ADBE

Andra AP fonden decreased its position in Adobe Inc. (NASDAQ:ADBE) by 17.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 118,440 shares of the software company’s stock after selling 24,379 shares during the period. Andra AP fonden’s holdings in Adobe were worth $41,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after purchasing an additional 344,816 shares during the period. State Street Corp boosted its stake in Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after purchasing an additional 352,448 shares during the period. Geode Capital Management LLC boosted its stake in Adobe by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after purchasing an additional 414,049 shares during the period. Norges Bank acquired a new position in Adobe in the 4th quarter worth approximately $2,275,165,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Adobe by 53.3% in 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 purchasing an additional 1,952,994 shares during the period. Institutional investors and hedge funds 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 reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above Wall Street estimates, showing the core business is still beating expectations. Adobe Reports Record Q2 Results
• Positive Sentiment: The company raised its FY2026 outlook, guiding revenue to $26.5 billion-$26.6 billion and EPS to $24.35-$24.45, both above analyst consensus, which suggests management sees continued momentum ahead. Adobe raises annual revenue forecast, CFO to exit
• Neutral Sentiment: Adobe also said AI-driven demand and higher subscription spending helped drive results, reinforcing that its AI products are contributing to growth, though investors still want clearer proof this will last. Adobe posts record Q2 revenue and raises 2026 outlook
• Negative Sentiment: Shares are being weighed down by another senior departure, with CFO Dan Durn set to leave for Marvell, adding to concerns about leadership instability while Adobe is also searching for a new CEO. Adobe is losing another top executive, and investors don’t like it
• Negative Sentiment: Investors remain skeptical that Adobe’s AI push will translate into sustained growth, and that uncertainty has kept pressure on the stock even after the earnings beat. Adobe Stock Sinks to Multi-Year Low Ahead of Earnings

Insiders Place Their Bets

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

Adobe Trading Down 6.5%

Shares of NASDAQ ADBE opened at $218.24 on Friday. The stock has a market cap of $88.21 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.91 and a beta of 1.42. The business has a 50 day simple moving average of $245.29 and a 200 day simple moving average of $279.13. Adobe Inc. has a 52 week low of $218.09 and a 52 week high of $416.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Argus reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, March 16th. BTIG Research began coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, Jefferies Financial Group lowered their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus price target of $331.65.

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.