Rathbones Group PLC reduced its position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 400,346 shares of the software company’s stock after selling 27,886 shares during the quarter. Rathbones Group PLC’s holdings in Adobe were worth $140,117,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. MCF Advisors LLC lifted its position in shares of Adobe by 20.8% during the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after buying an additional 30 shares in the last quarter. SWAN Capital LLC lifted its position in shares of Adobe by 43.1% during the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares in the last quarter. Logan Capital Management Inc. lifted its position in shares of Adobe by 0.3% during the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after buying an additional 32 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of Adobe by 6.0% during the 3rd quarter. Andina Capital Management LLC now owns 583 shares of the software company’s stock valued at $206,000 after buying an additional 33 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of Adobe by 33.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the software company’s stock valued at $47,000 after buying an additional 33 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.
Adobe Stock Down 0.6%
NASDAQ ADBE opened at $253.37 on Thursday. The stock’s 50 day moving average is $246.25 and its 200 day moving average is $288.44. 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 $224.13 and a 12 month high of $422.95. The stock has a market cap of $102.41 billion, a PE ratio of 14.76, a P/E/G ratio of 0.99 and a beta of 1.42.
Adobe announced that its board has initiated a share buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Insider Buying and Selling
In related news, 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 transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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.
More Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe was highlighted as a favored name by investor Michael Burry, who confirmed he maintained a position in the stock and was also reported to have added to Adobe alongside other beaten-down names. That can boost sentiment because it signals value investors still see upside in the shares. Adobe Inc. (ADBE): Michael Burry Maintains Position
- Positive Sentiment: Adobe also announced a product-related development, bringing professional creative tools into Google Gemini and teasing an upcoming Premiere Android app. Investors may view this as a sign Adobe is expanding its ecosystem and keeping its creative software relevant in AI-driven workflows. Adobe brings professional creative tools straight into Google Gemini; Premiere Android app coming soon
- Positive Sentiment: Some market commentary continued to frame Adobe as a top-ranked growth or software-rebound candidate, which can help support the stock among investors looking for software names with valuation upside. The software rally may still have legs. Buy ServiceNow and Adobe.
- Neutral Sentiment: A court dismissed an amended shareholder lawsuit tied to Adobe’s disclosures around Figma-related competition, but the plaintiff is appealing. That means the legal issue is not fully resolved, keeping governance and litigation risk on investors’ radar. Adobe Lawsuit Appeal Keeps Governance Questions And Value Debate Alive
- Negative Sentiment: DBS Bank downgraded Adobe from “moderate buy” to “hold,” which can weigh on the stock by signaling less near-term upside from current levels. Adobe downgraded by Dbs Bank
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ADBE. BMO Capital Markets lowered their price objective on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. HSBC set a $302.00 price objective on Adobe in a research report on Friday, February 13th. Barclays cut Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $335.00 to $275.00 in a research report on Friday, March 13th. KeyCorp lowered their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. Finally, Argus reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $338.15.
Get Our Latest Analysis on Adobe
Adobe Company 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.
Featured Articles
- Five stocks we like better than Adobe
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE – Free Report).
Receive News & Ratings for Adobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe and related companies with MarketBeat.com's FREE daily email newsletter.
