Illinois Municipal Retirement Fund Raises Holdings in Adobe Inc. $ADBE

Posted by Brenda Bartman on Jun 11th, 2026

Illinois Municipal Retirement Fund grew its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 63,285 shares of the software company’s stock after buying an additional 3,006 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Adobe were worth $22,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. SWAN Capital LLC lifted its stake in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after purchasing an additional 31 shares during the period. Logan Capital Management Inc. raised its holdings in Adobe by 0.3% during the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after acquiring an additional 32 shares during the period. Peoples Bank KS boosted its stake in Adobe by 1.6% in the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after purchasing an additional 33 shares during the period. Rosenberg Matthew Hamilton grew its stake in Adobe by 16.1% during the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock valued at $86,000 after acquiring an additional 34 shares in the last quarter. Finally, Marquette Asset Management LLC grew its position in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp cut their target price on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Citigroup increased their target price on Adobe from $253.00 to $264.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. Stifel Nicolaus reduced their target price on shares of Adobe from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley decreased their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Finally, Piper Sandler reissued a “neutral” rating and issued a $280.00 price objective on shares of Adobe in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus target price of $331.65.

View Our Latest Report on ADBE

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe’s upcoming earnings could provide a catalyst if management shows Firefly and GenStudio are driving meaningful AI-related demand and improved guidance. Adobe Faces Make-or-Break Earnings Test as Traders Brace for Big Stock Swing
Positive Sentiment: Some analysts and market watchers still see upside if Adobe can prove AI is becoming a real tailwind, rather than just a narrative, which could help restore investor confidence. Adobe Q2 Preview: Stock Near 7-Year Low, Market Expert Says Investors Want Proof ‘AI Is A Tailwind’
Positive Sentiment: Options traders are pricing in a large post-earnings move, suggesting the stock could rebound sharply if results beat expectations and the outlook improves. Adobe Will Report Q2 Earnings Tomorrow. Options Traders Expect a 9.45% Move in ADBE Stock

Adobe Trading Down 1.9%

NASDAQ:ADBE opened at $233.38 on Thursday. The company has a market capitalization of $94.33 billion, a P/E ratio of 13.59, a PEG ratio of 0.93 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. The firm has a fifty day simple moving average of $245.79 and a 200-day simple moving average of $279.88. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $416.39.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the business earned $5.08 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes 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 believes its shares are undervalued.

Insider Activity 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the company’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 completion of the sale, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. The trade was a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last three months. Company insiders own 0.20% of the company’s stock.

About Adobe

(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.