ING Groep NV Trims Stock Position in Adobe Inc. $ADBE

Posted by Stanley Muller on Jun 7th, 2026

ING Groep NV cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 18.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 211,210 shares of the software company’s stock after selling 48,186 shares during the quarter. ING Groep NV’s holdings in Adobe were worth $73,921,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ADBE. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the third quarter worth approximately $26,000. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe in the fourth quarter worth approximately $26,000. Caitlin John LLC acquired a new stake in shares of Adobe in the third quarter worth approximately $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of Adobe in the fourth quarter worth approximately $28,000. Finally, TrustBank acquired a new stake in shares of Adobe in the fourth quarter worth approximately $28,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADBE. TD Cowen decreased their target price on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Mizuho reissued a “neutral” rating and issued a $270.00 target price (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. Citigroup raised their target price on shares of Adobe from $253.00 to $264.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wells Fargo & Company decreased their target price 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. 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 assigned a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and an average price target of $337.62.

Get Our Latest Research Report on Adobe

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating on Adobe and kept a $350 price target, implying meaningful upside from current levels. This suggests some analysts still see attractive valuation and earnings potential ahead. Benzinga
Positive Sentiment: Multiple previews ahead of Adobe’s June 11 fiscal Q2 earnings report say Wall Street expects earnings growth and a potential beat, which could support the stock if results and guidance come in stronger than expected. Yahoo Finance
Neutral Sentiment: Coverage this week highlighted that Adobe is getting closer to choosing its next CEO, with internal and external candidates under review. Leadership transition talk adds uncertainty, but it could also be viewed as a strategic reset in the AI era. Yahoo Finance
Negative Sentiment: Investor anxiety continues to build around Adobe’s competitive moat, with one recent article arguing that AI could threaten the “Adobe era” and help explain why the stock has fallen sharply from its 2025 highs. The Motley Fool
Negative Sentiment: Recent market commentary also noted Adobe has been falling more than the broader market, reflecting ongoing skepticism ahead of earnings and broader concerns about growth durability. Zacks

Insider Activity

In other news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock worth $18,782,773 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Adobe Trading Down 2.7%

Shares of ADBE stock opened at $251.44 on Friday. The stock has a market cap of $101.63 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. 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 Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $419.82. The firm’s 50 day moving average price is $245.80 and its two-hundred day moving average price is $281.86.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. Adobe’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, analysts anticipate that Adobe Inc. will post 19.14 EPS for the current year.

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

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.