VIRGINIA RETIREMENT SYSTEMS ET Al Has $60.24 Million Stock Holdings in Adobe Inc. $ADBE

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Adobe Inc. (NASDAQ:ADBE) by 61.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 172,121 shares of the software company’s stock after purchasing an additional 65,807 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Adobe were worth $60,241,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP acquired a new stake in Adobe during the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Adobe during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Adobe during the 3rd quarter worth approximately $27,000. Caitlin John LLC acquired a new stake in Adobe during the 3rd quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in Adobe during the 4th quarter worth approximately $28,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Friday, March 13th. KeyCorp lowered their price objective 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. DA Davidson set a $300.00 price objective on shares of Adobe in a report on Friday, March 13th. Finally, Citigroup reiterated 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 issued a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $338.15.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Some analysts and value-focused commentary say Adobe remains attractive for long-term investors, citing its earnings power, valuation, and resilient business model. Why Adobe Systems (ADBE) is a top value stock for the long term
• Positive Sentiment: TipRanks argued the market may be overstating AI disruption risk, suggesting Adobe’s business still has strength beneath the stock’s recent weakness. The Market Thinks AI Crushed Adobe (ADBE). The Business Says Otherwise
• Positive Sentiment: Adobe is expanding its product reach with a new Adobe Premiere launch for Android, which could help broaden its consumer and creator footprint over time. Android users, rejoice: Adobe Premiere is headed your way at last
• Neutral Sentiment: Wall Street coverage remains mixed but not deeply negative, with some commentary saying analysts are still moderately optimistic about Adobe despite underperformance versus the broader market. Adobe Stock: Is Wall Street Bullish or Bearish?
• Neutral Sentiment: Adobe patched 52 vulnerabilities across 10 products, a routine security update that is important operationally but does not appear to be a major market-moving issue. Adobe Patches 52 Vulnerabilities in 10 Products
• Negative Sentiment: The main drag on the stock is continued concern that AI could erode Adobe’s pricing power and long-term software moat, which has kept pressure on shares. Adobe: The Market Refuses To See AI As A Tailwind
• Negative Sentiment: Recent market notes say Adobe Inc. (ADBE) declined more than the broader market, reinforcing the view that investors are still rotating away from the name. Adobe Systems (ADBE) Declines More Than Market: Some Information for Investors

Insider Activity

In related news, 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 of the company’s stock, 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 through this link. Also, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were 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 of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is owned by company insiders.

Adobe Trading Down 2.2%

ADBE stock opened at $240.83 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The company has a fifty day moving average price of $249.61 and a two-hundred day moving average price of $292.79. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The stock has a market cap of $97.34 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business posted $5.08 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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 anticipate that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its board has approved a share buyback plan 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 plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.