Aware Super Pty Ltd as trustee of Aware Super Takes Position in Adobe Inc. $ADBE

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 157,920 shares of the software company’s stock, valued at approximately $38,387,000.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Adobe during the fourth quarter worth about $2,275,165,000. AQR Capital Management LLC grew its stake in Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after buying an additional 920,353 shares in the last quarter. Amundi increased its holdings in Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. State of Michigan Retirement System increased its holdings in Adobe by 566.1% in the 1st quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock valued at $199,526,000 after buying an additional 697,600 shares during the period. Finally, AMF Tjanstepension AB acquired a new position in shares of Adobe in the 1st quarter valued at approximately $167,494,000. Institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several recent commentary pieces argue Adobe is a compelling buying opportunity after its pullback, with bullish takes saying fear around “SaaSpocalypse” is fading and that the company’s long-standing software moat still supports the stock. Adobe: Generational Buying Opportunity As SaaSpocalypse Fear Fades
• Positive Sentiment: Adobe is also being highlighted in broader AI and digital commerce discussions, with its generative AI initiatives and prior Rephrase.AI acquisition cited as supporting future growth in content creation and marketing tools. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Positive Sentiment: Momentum-focused coverage from Zacks described Adobe as a top-ranked momentum stock, reinforcing the view that the shares could continue to attract buyers. Adobe Systems (ADBE) is a Top-Ranked Momentum Stock: Should You Buy?
• Neutral Sentiment: Some articles discuss Adobe within broader software valuation and AI-moat themes, but they are more industry commentary than direct catalysts for Adobe’s fundamentals. Alpha Buying: The Real Moats AI Can’t Replace
• Negative Sentiment: One piece suggests users can replace Adobe Acrobat with a faster open-source PDF toolkit, which may add to investor concerns about competition and pressure on Adobe’s document workflow business. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. DA Davidson cut their target price on Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, June 12th. BTIG Research initiated coverage on Adobe in a report on Monday, April 13th. They issued a “neutral” rating on the stock. BMO Capital Markets decreased their price target on Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a research note on Friday, June 12th. Finally, HSBC raised Adobe from a “hold” rating to a “buy” rating and boosted their price target for the stock from $282.00 to $308.00 in a report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $275.00.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction that occurred on 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 $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the firm’s 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 completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Performance

Shares of Adobe stock opened at $235.31 on Friday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $376.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $93.54 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.76 and a beta of 1.43. The company’s 50 day moving average price is $228.89 and its two-hundred day moving average price is $256.32.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, equities analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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

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.