Alberta Investment Management Corp Has $60.02 Million Stock Holdings in Adobe Inc. $ADBE

Alberta Investment Management Corp boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 793.2% during the 4th quarter, HoldingsChannel reports. The fund owned 171,500 shares of the software company’s stock after buying an additional 152,300 shares during the quarter. Alberta Investment Management Corp’s holdings in Adobe were worth $60,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Adobe in the third quarter worth $26,000. Western Pacific Wealth Management LP bought a new stake in Adobe in the fourth quarter valued at about $26,000. Caitlin John LLC acquired a new position in Adobe in the third quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new position in Adobe in the fourth quarter worth about $28,000. Finally, TrustBank bought a new position in Adobe during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Down 0.3%

NASDAQ:ADBE opened at $195.64 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $392.58. The company has a quick ratio of 0.91, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $77.77 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.69 and a beta of 1.42. The stock’s fifty day simple moving average is $241.25 and its 200-day simple moving average is $275.02.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the company earned $5.06 earnings per share. Adobe’s quarterly revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities research analysts expect that Adobe Inc. will post 19.73 earnings per share for the current year.

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

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its creative agent across Firefly and Creative Cloud, including Photoshop and Premiere, to automate multi-step workflows and improve productivity. Adobe Unveils Major Expansion of Creative Agent Across Firefly and Creative Cloud Apps Including Photoshop and Premiere
• Positive Sentiment: The company added its AI assistant to Premiere, Illustrator, InDesign and Frame.io, extending agentic AI capabilities deeper into its core workflow tools. Adobe adds its AI assistant to Premiere, Illustrator and InDesign
• Positive Sentiment: Adobe introduced GenStudio for Commerce Media Networks and Brand Visibility, new AI-focused offerings aimed at helping customers manage content, improve discoverability, and drive marketing results. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative, reinforcing Adobe’s ecosystem and positioning in AI education and marketing workflows. Adobe and LinkedIn Launch Global AI Skills Initiative to Empower the Next Generation of Marketers

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADBE. BTIG Research initiated coverage on Adobe in a report on Monday, April 13th. They issued a “neutral” rating for the company. Barclays decreased their price target on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, June 12th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. DA Davidson dropped their price objective on Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Finally, Summit Redstone set a $350.00 price objective on Adobe in a report on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $278.16.

Insiders Place Their Bets

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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the company’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 value of $18,265,500.00. Following the sale, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last quarter. 0.20% of the stock is currently owned by insiders.

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.