14,747 Shares in Adobe Inc. $ADBE Bought by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,747 shares of the software company’s stock, valued at approximately $5,161,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rossmore Private Capital raised its stake in Adobe by 6.7% during the 4th quarter. Rossmore Private Capital now owns 8,556 shares of the software company’s stock worth $2,995,000 after acquiring an additional 540 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its stake in Adobe by 15.4% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 3,583 shares of the software company’s stock worth $1,254,000 after acquiring an additional 479 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. raised its stake in Adobe by 8.4% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 3,514 shares of the software company’s stock worth $1,230,000 after acquiring an additional 271 shares in the last quarter. Abacus Wealth Partners LLC acquired a new stake in Adobe during the 4th quarter worth $443,000. Finally, iA Global Asset Management Inc. raised its stake in Adobe by 76.1% during the 4th quarter. iA Global Asset Management Inc. now owns 142,530 shares of the software company’s stock worth $49,884,000 after acquiring an additional 61,587 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of Adobe stock opened at $247.60 on Monday. Adobe Inc. has a 1 year low of $224.13 and a 1 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 company has a market capitalization of $100.08 billion, a P/E ratio of 14.42, a PEG ratio of 0.97 and a beta of 1.42. The company’s fifty day moving average is $247.93 and its two-hundred day moving average is $290.36.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 29.48% and a return on equity of 64.48%. Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $5.08 EPS. 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 forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

ADBE has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on shares of Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Royal Bank Of Canada lowered their price objective on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Jefferies Financial Group lowered their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Finally, TD Cowen lowered their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $338.15.

Key Stories Impacting 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

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were 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 in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last 90 days. Company insiders own 0.20% of the company’s stock.

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.