Adobe Inc. $ADBE Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 82.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 339,193 shares of the software company’s stock after purchasing an additional 153,142 shares during the quarter. Adobe comprises approximately 1.0% of Erste Asset Management GmbH’s portfolio, making the stock its 23rd largest holding. Erste Asset Management GmbH owned about 0.08% of Adobe worth $119,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ADBE. Norges Bank acquired a new position in Adobe in the fourth quarter valued at $2,275,165,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after acquiring an additional 1,952,994 shares in the last quarter. Dodge & Cox boosted its holdings in shares of Adobe by 8,006.6% in the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after acquiring an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after acquiring an additional 920,353 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after acquiring an additional 742,646 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% 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 over the last 90 days. Insiders own 0.20% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $251.44 on Monday. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $419.82. The company has a market capitalization of $101.63 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50-day moving average is $245.80 and its two-hundred day moving average is $281.56.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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 net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm earned $5.08 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its board has authorized a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to reacquire up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

More Adobe News

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

Analysts Set New Price Targets

Several analysts have recently weighed in on ADBE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adobe in a report on Friday, March 13th. Mizuho reaffirmed a “neutral” rating and issued a $270.00 target price (down from $315.00) on shares of Adobe in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a report on Wednesday. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, William Blair downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $337.62.

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.