Adobe Inc. $ADBE Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,192 shares of the software company’s stock after selling 2,691 shares during the period. Phoenix Financial Ltd.’s holdings in Adobe were worth $8,115,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Dash Acquisitions Inc. raised its holdings in shares of Adobe by 91.3% in the fourth quarter. Dash Acquisitions Inc. now owns 46,932 shares of the software company’s stock worth $16,426,000 after acquiring an additional 22,395 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Adobe by 58.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 527,184 shares of the software company’s stock worth $184,509,000 after acquiring an additional 194,344 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in shares of Adobe by 10.6% in the fourth quarter. Avantax Planning Partners Inc. now owns 5,012 shares of the software company’s stock worth $1,754,000 after acquiring an additional 479 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Adobe by 319.9% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,478 shares of the software company’s stock worth $517,000 after acquiring an additional 1,126 shares during the last quarter. Finally, Western Wealth Management LLC raised its holdings in shares of Adobe by 42.8% in the fourth quarter. Western Wealth Management LLC now owns 3,046 shares of the software company’s stock worth $1,066,000 after acquiring an additional 913 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the company’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 sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the company’s 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 sale, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% 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. Company insiders own 0.20% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its agentic AI strategy with a new Acrobat productivity agent that lets users chat with PDFs, pull out key insights, and generate content such as presentations and social posts, reinforcing the company’s push to monetize AI across its software ecosystem. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Positive Sentiment: Adobe is also integrating agentic AI with major tech platforms to automate customer workflows, which could strengthen demand for its digital media and document tools and broaden its enterprise appeal. Adobe (ADBE) Integrates Agentic AI With Major Tech Platforms to Automate Customer Workflows
• Positive Sentiment: Analyst commentary suggests generative AI could expand Adobe’s Digital Media opportunity, with Firefly and Acrobat AI Assistant helping support growth in a business that represents the majority of revenue. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Media coverage is continuing to frame Adobe as a potential rebound story and a long-term value stock, but these pieces are more opinion-driven than catalyst-based. Why Adobe Systems (ADBE) is a top value stock for the long term
• Negative Sentiment: At the same time, reports note that Adobe’s stock has been falling even after an earnings beat, suggesting investors remain focused on concerns such as competition, valuation, and whether AI progress will translate into faster growth. Why Adobe’s stock is falling despite an earnings beat

Adobe Price Performance

ADBE stock opened at $237.01 on Friday. The stock has a 50-day moving average price of $248.44 and a two-hundred day moving average price of $291.14. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95. 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 company has a market cap of $95.80 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42.

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

Adobe announced that its Board of Directors has authorized a stock buyback 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 usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ADBE has been the subject of a number of analyst reports. Barclays cut Adobe from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $335.00 to $275.00 in a report on Friday, March 13th. Weiss Ratings cut Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp lowered their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $338.15.

Adobe Company 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.