Adobe Inc. $ADBE Shares Sold by DNB Asset Management AS

DNB Asset Management AS lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 13.6% during the fourth quarter, HoldingsChannel reports. The firm owned 88,727 shares of the software company’s stock after selling 13,983 shares during the quarter. DNB Asset Management AS’s holdings in Adobe were worth $31,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Lockheed Martin Investment Management Co. increased its holdings in shares of Adobe by 65.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 30,650 shares of the software company’s stock valued at $10,727,000 after purchasing an additional 12,090 shares during the period. Applied Finance Capital Management LLC grew its holdings in Adobe by 12.0% during the fourth quarter. Applied Finance Capital Management LLC now owns 92,754 shares of the software company’s stock worth $32,463,000 after acquiring an additional 9,973 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in Adobe by 109.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 38,013 shares of the software company’s stock worth $13,304,000 after acquiring an additional 19,869 shares during the period. Dash Acquisitions Inc. grew its holdings in Adobe by 91.3% during 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 period. Finally, AustralianSuper Pty Ltd grew its holdings in Adobe by 58.4% during 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 period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Up 4.5%

ADBE opened at $247.60 on Friday. The business’s fifty day moving average is $247.93 and its two-hundred day moving average is $290.83. 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 company has a market cap of $100.08 billion, a price-to-earnings ratio of 14.42, a PEG 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.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was 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 in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were 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. This represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 77,091 shares of company stock worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. HSBC set a $302.00 price objective on Adobe in a report on Friday, February 13th. Citigroup reaffirmed a “neutral” rating on shares of Adobe in a report on Friday, April 10th. Barclays lowered Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $335.00 to $275.00 in a report on Friday, March 13th. JPMorgan Chase & Co. dropped their price objective on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, Jefferies Financial Group dropped their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $338.15.

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.