Amiral Gestion Has $21.54 Million Position in Adobe Inc. $ADBE

Amiral Gestion lowered its position in Adobe Inc. (NASDAQ:ADBE) by 10.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 88,623 shares of the software company’s stock after selling 10,518 shares during the period. Adobe comprises approximately 12.0% of Amiral Gestion’s investment portfolio, making the stock its 3rd largest position. Amiral Gestion’s holdings in Adobe were worth $21,542,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after purchasing an additional 352,448 shares in the last quarter. Geode Capital Management LLC lifted its stake in Adobe by 3.7% in the fourth 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 last quarter. Norges Bank purchased a new stake in Adobe during the fourth quarter valued at about $2,275,165,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Adobe by 10.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock valued at $2,179,914,000 after acquiring an additional 611,358 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Adobe by 6.2% in the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock valued at $1,791,607,000 after acquiring an additional 297,337 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADBE. BMO Capital Markets lowered their price objective on Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, June 12th. Wells Fargo & Company cut their target price on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Argus reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, March 16th. KeyCorp lowered their price target on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Finally, Sanford C. Bernstein dropped their price target on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $278.16.

Adobe Price Performance

ADBE stock opened at $197.43 on Wednesday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $392.58. The company has a market cap of $78.48 billion, a P/E ratio of 11.29, a PEG ratio of 0.68 and a beta of 1.42. The firm has a 50-day moving average of $239.12 and a 200 day moving average of $272.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm posted $5.06 EPS. The business’s 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. On average, sell-side analysts forecast that Adobe Inc. will post 19.73 EPS for the current year.

Adobe announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. The trade was 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 worth $18,782,773 in the last three months. 0.20% of the stock is owned by corporate insiders.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its AI strategy with new agency, technology, and systems-integration partnerships announced at Cannes Lions, which could strengthen its position in marketing and content workflows. Adobe Accelerates Agentic AI Adoption Through New Agency and Technology Partnerships
• Positive Sentiment: LiveRamp announced an integration with Adobe GenStudio for Commerce Media Networks, adding commerce purchase data to Adobe’s campaign tools and supporting better targeting for advertisers. LiveRamp Partners with Adobe to Bring Commerce Purchase Data into GenStudio for Commerce Media Networks
• Positive Sentiment: Several recent articles argue Adobe looks undervalued after its sharp decline, citing a compelling forward P/E and potential for a rebound, which may be drawing bargain hunters. Adobe Stock Poised for 35% Rebound Despite Recent Selloff
• Neutral Sentiment: Analyst and opinion pieces are mixed: some highlight Adobe’s strong free cash flow and attractive valuation, while others warn of margin pressure and continued AI disruption concerns. Adobe vs. Duolingo: Which Technology Stock Is a Better Buy in 2026?
• Neutral Sentiment: Citi reportedly cut its price target on Adobe while keeping a Neutral rating, signaling that Wall Street remains cautious even after the company’s solid quarterly results. Citi Cuts PT on Adobe Inc. (ADBE)
• Negative Sentiment: Some commentary says Adobe could face margin degradation ahead, and the stock remains under pressure from the broader software selloff tied to AI and regulatory concerns. Adobe: I See Margins Degradation Ahead
• Negative Sentiment: Adobe also has an executive overhang, with the company still searching for a new CEO and its CFO set to depart, adding uncertainty for investors. Massive News for Adobe Stock Investors!

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.