Adobe Inc. $ADBE Shares Sold by Andra AP fonden

Andra AP fonden decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 46.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,189 shares of the software company’s stock after selling 55,251 shares during the period. Andra AP fonden’s holdings in Adobe were worth $15,360,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Adobe in the fourth quarter worth about $2,275,165,000. AQR Capital Management LLC grew its holdings in Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares in the last quarter. Amundi increased its position in shares of 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 during the last quarter. State of Michigan Retirement System raised its stake in shares of Adobe by 566.1% in the 1st quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock valued at $199,526,000 after purchasing an additional 697,600 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in shares of Adobe in the 1st quarter valued at about $167,494,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Performance

ADBE opened at $227.16 on Wednesday. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $376.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day moving average price of $228.08 and a two-hundred day moving average price of $253.81. The company has a market capitalization of $90.30 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.45 billion. During the same quarter last year, the business posted $5.06 earnings per share. The company’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. Research analysts predict that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe announced that its board has initiated 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 buy up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the business’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 sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the subject of several research reports. Evercore set a $225.00 target price on Adobe and gave the stock an “in-line” rating in a research report on Friday, June 12th. Stifel Nicolaus restated a “hold” rating and set a $200.00 price objective (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. Bank of America reaffirmed an “underperform” rating and issued a $190.00 target price on shares of Adobe in a research report on Tuesday, July 7th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, HSBC upgraded shares of Adobe from a “hold” rating to a “buy” rating and upped their price target for the stock from $282.00 to $308.00 in a research report on Thursday, July 2nd. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $271.30.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Morgan Stanley lowered Adobe to Underweight, saying multiple strategic transitions are happening at once and that AI disruption could make it harder for the company to reaccelerate growth. Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight
• Negative Sentiment: More Wall Street downgrades and commentary around Adobe’s AI exposure are adding to the selling pressure, with some analysts saying peers may offer cleaner AI monetization and faster growth. ADBE Stock Drops After Morgan Stanley Downgrade – Sees ‘Cleaner Growth And AI Monetization Elsewhere’
• Neutral Sentiment: Adobe continues to push into AI with new features in its experimental Project Indigo camera app, highlighting that it is still investing in product innovation even as investors worry about competitive threats. Adobe crams multiple AI tools into its experimental camera app
• Neutral Sentiment: Some coverage argues Adobe still looks attractive on valuation and that one analyst sees meaningful upside from current levels, but that view is being outweighed today by broader AI-related concern. ADBE stock is falling again but here’s why one Wall Street analyst sees a 31% upside

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.