Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,456 shares of the software company’s stock after purchasing an additional 5,620 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Adobe were worth $48,458,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Taylor Hoffman Capital Management LLC boosted its holdings in Adobe by 5.3% in the 4th quarter. Taylor Hoffman Capital Management LLC now owns 16,376 shares of the software company’s stock valued at $5,731,000 after purchasing an additional 818 shares during the period. Victrix Investment Advisors acquired a new position in shares of Adobe in the 4th quarter valued at $395,000. Lifestyle Asset Management Inc. raised its stake in shares of Adobe by 2.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 5,153 shares of the software company’s stock valued at $1,803,000 after buying an additional 102 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Adobe by 25.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 32,551 shares of the software company’s stock valued at $11,388,000 after buying an additional 6,516 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of Adobe by 9.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 682 shares of the software company’s stock valued at $239,000 after buying an additional 57 shares in the last quarter. 81.79% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Adobe news, CFO Daniel Durn sold 1,336 shares of the 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 sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the 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 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 have sold a total of 77,091 shares of company stock valued at $18,782,773 in the last 90 days. 0.20% of the stock is currently owned by insiders.
Adobe News Roundup
- 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
Adobe Stock Down 2.7%
Shares of NASDAQ:ADBE opened at $251.44 on Friday. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $419.82. The company’s 50-day moving average price is $245.80 and its two-hundred day moving average price is $281.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market cap of $101.63 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.01 and a beta of 1.42.
Adobe (NASDAQ:ADBE – Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm earned $5.08 EPS. The company’s revenue 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. As a group, research analysts forecast that Adobe Inc. will post 19.14 EPS for the current fiscal year.
Adobe announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on ADBE shares. Morgan Stanley dropped their price objective on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company dropped their price objective on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. BTIG Research started coverage on shares of Adobe in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a research note on Wednesday. Finally, TD Cowen dropped their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $337.62.
View Our Latest Stock Analysis on Adobe
About Adobe
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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