Mitsubishi UFJ Asset Management UK Ltd. Buys Shares of 3,000 Adobe Inc. $ADBE

Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Adobe Inc. (NASDAQ:ADBEFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,000 shares of the software company’s stock, valued at approximately $1,050,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP purchased a new position in Adobe during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe during the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Adobe during the 3rd quarter valued at about $27,000. Caitlin John LLC purchased a new position in Adobe during the 3rd quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in Adobe during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

Insider Buying and Selling

In related 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 value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $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, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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 owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by insiders.

Adobe Trading Down 0.3%

Shares of NASDAQ ADBE opened at $254.99 on Wednesday. The stock has a market cap of $103.07 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.00 and a beta of 1.42. The business has a 50 day simple moving average of $246.83 and a 200 day simple moving average of $289.04. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. 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:ADBEGet Free Report) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the company earned $5.08 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 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.

Analyst Ratings Changes

ADBE has been the topic of several research analyst reports. Argus reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Jefferies Financial Group lowered their price target on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Piper Sandler lowered their price target on Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group lowered their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Finally, UBS Group lowered their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average target price of $338.15.

View Our Latest Analysis on ADBE

About Adobe

(Free Report)

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.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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