Adobe Inc. $ADBE Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,867 shares of the software company’s stock after acquiring an additional 4,181 shares during the quarter. Handelsbanken Fonder AB’s holdings in Adobe were worth $55,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integral Investment Advisors Inc. increased its stake in Adobe by 6.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 4,027 shares of the software company’s stock worth $1,409,000 after acquiring an additional 251 shares during the last quarter. Aviance Capital Partners LLC increased its stake in Adobe by 1.0% during the fourth quarter. Aviance Capital Partners LLC now owns 8,220 shares of the software company’s stock worth $2,877,000 after acquiring an additional 82 shares during the last quarter. Capstone Capital Management Ltd acquired a new stake in Adobe during the fourth quarter worth about $315,000. Profund Advisors LLC increased its stake in Adobe by 3.2% during the fourth quarter. Profund Advisors LLC now owns 39,312 shares of the software company’s stock worth $13,759,000 after acquiring an additional 1,207 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Adobe by 34.9% during the fourth quarter. ProShare Advisors LLC now owns 750,440 shares of the software company’s stock worth $262,646,000 after acquiring an additional 194,296 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 3.2%

Shares of ADBE opened at $255.64 on Tuesday. The company has a market capitalization of $103.33 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.97 and a beta of 1.42. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day moving average price of $247.40 and a 200 day moving average price of $289.63.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its board has approved a share repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,336 shares of the stock in a transaction dated 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 owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ADBE shares. The Goldman Sachs Group dropped their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Morgan Stanley decreased their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company 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 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, Adobe currently has a consensus rating of “Hold” and a consensus target price of $338.15.

About Adobe

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.