TD Asset Management Inc Acquires 20,851 Shares of Adobe Inc. $ADBE

Posted by Brenda Bartman on Jun 5th, 2026

TD Asset Management Inc lifted its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 375,938 shares of the software company’s stock after purchasing an additional 20,851 shares during the period. TD Asset Management Inc’s holdings in Adobe were worth $131,575,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Intellectus Partners LLC increased its holdings in Adobe by 8.2% during the fourth quarter. Intellectus Partners LLC now owns 7,075 shares of the software company’s stock worth $2,476,000 after buying an additional 538 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Adobe by 39.5% during the fourth quarter. Sivia Capital Partners LLC now owns 4,040 shares of the software company’s stock worth $1,414,000 after buying an additional 1,144 shares during the last quarter. Kennon Green & Company LLC increased its holdings in Adobe by 17.9% during the fourth quarter. Kennon Green & Company LLC now owns 11,479 shares of the software company’s stock worth $4,018,000 after buying an additional 1,746 shares during the last quarter. Avestar Capital LLC increased its holdings in Adobe by 36.6% during the fourth quarter. Avestar Capital LLC now owns 2,714 shares of the software company’s stock worth $950,000 after buying an additional 727 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Adobe by 28.6% during the fourth quarter. CIBC Asset Management Inc now owns 183,407 shares of the software company’s stock worth $64,191,000 after buying an additional 40,811 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $258.42 on Friday. Adobe Inc. has a one year low of $224.13 and a one year high of $421.48. The company has a market cap of $104.45 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.00 and a beta of 1.42. The firm’s fifty day moving average price is $245.51 and its two-hundred day moving average price is $282.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $6.28 billion. During the same period in the previous year, the company earned $5.08 earnings per share. The company’s quarterly 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. Equities analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

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

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Analysts are looking for Adobe to report earnings growth next week, and several previews suggest the company has a strong setup for a possible beat thanks to resilient fundamentals and expectations that it can clear Wall Street targets. Adobe Systems (ADBE) Reports Next Week: Wall Street Expects Earnings Growth
Positive Sentiment: Adobe is also being discussed as a stock to watch in digital media and AI-related software, which keeps the company in focus as investors look for names that can benefit from AI spending and software demand. Digital Media Stocks Worth Watching – June 1st
Neutral Sentiment: Reports say Adobe is close to choosing its next CEO and is weighing internal candidates alongside outside AI-focused leaders. That uncertainty could keep the stock volatile, but it also signals a strategic push to align leadership with the company’s AI ambitions. Adobe Eyes Two Internal Leaders, AI Outsiders for CEO Role
Neutral Sentiment: Market commentary also noted Adobe has been falling more than the broader market in recent sessions, reflecting broader caution around software valuations and investor concern ahead of the earnings report. Here’s Why Adobe Systems (ADBE) Fell More Than Broader Market
Negative Sentiment: Some recent trading weakness in Adobe appears tied to broader tech-sector mixed performance and profit-taking, which may be weighing on shares until the company provides a clearer earnings and leadership catalyst. Sector Update: Tech Stocks Mixed Late Afternoon

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were 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 in the company, valued at $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 over the last ninety days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group lowered their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Barclays downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $335.00 to $275.00 in a report on Friday, March 13th. KeyCorp lowered their target price on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Citigroup restated a “neutral” rating on shares of Adobe in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $338.15.

Check Out Our Latest Report on ADBE

Adobe Company 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.