Korea Investment CORP decreased its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 252,913 shares of the software company’s stock after selling 6,051 shares during the period. Korea Investment CORP’s holdings in Adobe were worth $88,517,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after purchasing an additional 344,816 shares during the period. State Street Corp lifted its holdings in Adobe by 1.7% during the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after buying an additional 352,448 shares during the period. Geode Capital Management LLC lifted its holdings in Adobe by 3.7% during 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 buying an additional 414,049 shares during the period. Norges Bank purchased a new stake in Adobe during the fourth quarter worth $2,275,165,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings 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 buying an additional 1,952,994 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Adobe Stock Performance
Shares of ADBE stock opened at $204.02 on Friday. The business’s fifty day simple moving average is $244.54 and its 200-day simple moving average is $278.61. The company has a market cap of $82.46 billion, a PE ratio of 11.67, a PEG ratio of 0.85 and a beta of 1.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 12-month low of $196.90 and a 12-month high of $405.00.
Adobe declared that its board has initiated a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Trending Headlines about Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above expectations, while also raising full-year revenue and earnings guidance. The company said AI-driven demand and stronger subscription spending supported results. Adobe Reports Record Q2 Results
- Positive Sentiment: Management highlighted accelerating adoption of Adobe’s AI tools, with AI-first annual recurring revenue topping $500 million, which supports the long-term growth case. Adobe Q2 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall
- Neutral Sentiment: Despite the beat, Adobe signaled a strategic shift toward freemium AI products and prioritizing user growth over immediate monetization, which adds uncertainty around near-term ARR growth. ADBE Q2 Earnings Call Centers on Freemium AI Push, Raised Outlook
- Negative Sentiment: Investors were rattled by the sudden departure of CFO Dan Durn, which adds to leadership uncertainty while Adobe is also in the middle of a CEO succession process. Adobe raises annual revenue forecast, CFO to exit
- Negative Sentiment: Wall Street reacted with multiple price-target cuts and downgrades, reflecting concerns that Adobe’s core growth may be decelerating and that AI monetization is still not proven. Leadership Exits, Decelerating Core Growth Cloud Adobe’s Earnings Beat
Insider Transactions at Adobe
In other news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction 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 directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on ADBE. Stifel Nicolaus restated a “hold” rating and set a $200.00 target price (down from $350.00) on shares of Adobe in a report on Friday. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Adobe in a report on Friday, March 13th. Finally, William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $278.16.
Check Out Our Latest Analysis on ADBE
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.
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