Canada Post Corp Registered Pension Plan boosted its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 35.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,528 shares of the software company’s stock after purchasing an additional 3,830 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Adobe were worth $5,085,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after acquiring an additional 1,952,994 shares during the last quarter. Dodge & Cox lifted its position in Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after buying an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC lifted its position 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 valued at $912,705,000 after buying an additional 920,353 shares in the last quarter. Amundi lifted its position in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Adobe by 112.6% during the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after buying an additional 710,357 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.
Adobe Trading Up 4.5%
NASDAQ ADBE opened at $247.60 on Friday. The company’s fifty day simple moving average is $247.93 and its 200-day simple moving average is $290.83. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market cap of $100.08 billion, a P/E ratio of 14.42, a PEG ratio of 0.97 and a beta of 1.42.
Adobe declared that its board has approved a stock buyback program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Insider Transactions at Adobe
In related news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. 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.
Trending Headlines about Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
- Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
- Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
- Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company reduced their price target 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. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. Barclays cut Adobe from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $335.00 to $275.00 in a research note on Friday, March 13th. Finally, Stifel Nicolaus reduced their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $338.15.
Get Our Latest Stock Report 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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