Saturna Capital Corp Decreases Stake in Adobe Inc. $ADBE

Posted by George Bondi on Jun 11th, 2026

Saturna Capital Corp reduced its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,650 shares of the software company’s stock after selling 57,995 shares during the period. Saturna Capital Corp’s holdings in Adobe were worth $57,976,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADBE. Norges Bank purchased a new stake in shares of Adobe in the fourth quarter worth about $2,275,165,000. Arrowstreet Capital Limited Partnership increased its stake in Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after acquiring an additional 1,952,994 shares during the last quarter. Dodge & Cox increased its stake in Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after acquiring an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC increased its stake in Adobe by 55.2% during the third 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 during the last quarter. Finally, Amundi increased its stake in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after acquiring an additional 742,646 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe’s upcoming earnings could provide a catalyst if management shows Firefly and GenStudio are driving meaningful AI-related demand and improved guidance. Adobe Faces Make-or-Break Earnings Test as Traders Brace for Big Stock Swing
Positive Sentiment: Some analysts and market watchers still see upside if Adobe can prove AI is becoming a real tailwind, rather than just a narrative, which could help restore investor confidence. Adobe Q2 Preview: Stock Near 7-Year Low, Market Expert Says Investors Want Proof ‘AI Is A Tailwind’
Positive Sentiment: Options traders are pricing in a large post-earnings move, suggesting the stock could rebound sharply if results beat expectations and the outlook improves. Adobe Will Report Q2 Earnings Tomorrow. Options Traders Expect a 9.45% Move in ADBE Stock

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho reissued a “neutral” rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a research note on Monday, April 27th. Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an “outperform” rating in a research report on Friday, March 13th. Wells Fargo & Company cut their price objective on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $335.00 to $275.00 in a research report on Friday, March 13th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $280.00 price target on shares of Adobe in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average target price of $331.65.

Get Our Latest Research Report on Adobe

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 42,833 shares in the company, 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 link. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 in the last 90 days. Insiders own 0.20% of the company’s stock.

Adobe Stock Down 1.9%

Shares of NASDAQ:ADBE opened at $233.38 on Thursday. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $416.39. The stock has a market cap of $94.33 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. The business’s 50 day moving average is $245.79 and its 200 day moving average is $279.88. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its 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. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.08 EPS. Sell-side analysts predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its board has authorized a share buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Adobe Profile

(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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