Westerkirk Capital Inc. Purchases 10,983 Shares of Adobe Inc. $ADBE

Westerkirk Capital Inc. boosted its position in Adobe Inc. (NASDAQ:ADBE) by 63.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,328 shares of the software company’s stock after buying an additional 10,983 shares during the period. Adobe makes up approximately 1.0% of Westerkirk Capital Inc.’s portfolio, making the stock its 21st biggest position. Westerkirk Capital Inc.’s holdings in Adobe were worth $9,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADBE. Willis Investment Counsel boosted its stake in shares of Adobe by 138.9% in the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after buying an additional 23,671 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after buying an additional 710,357 shares during the last quarter. Nicholas Company Inc. boosted its stake in shares of Adobe by 7.6% in the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after buying an additional 12,400 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Adobe by 13.4% in the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after buying an additional 25,435 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after buying an additional 6,426 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADBE. DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Royal Bank Of Canada set a $285.00 target price on Adobe in a research note on Monday. The Goldman Sachs Group cut their target price on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Finally, Dbs Bank downgraded Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $331.65.

Adobe Trading Down 2.6%

Shares of ADBE stock opened at $244.99 on Tuesday. The company’s fifty day simple moving average is $245.88 and its two-hundred day simple moving average is $281.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $419.82. The stock has a market capitalization of $99.02 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.98 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its 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 net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the firm posted $5.08 EPS. The business’s revenue for the quarter 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, analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current year.

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

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, 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.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Stifel reportedly raised its price target on Adobe, suggesting at least some analysts still see valuation upside if the company delivers solid results and guidance. Adobe Falls 23% YTD As Analysts Raise Questions Ahead Of Earnings
• Positive Sentiment: Investors are watching Adobe’s AI momentum as a potential offset to slower growth concerns; a strong showing here could help restore confidence in the stock. Adobe Faces a Big AI Test Into Earnings
• Neutral Sentiment: Several previews are highlighting Adobe’s upcoming earnings as a key event, with Wall Street focused on revenue, EPS, and management’s outlook rather than a specific new catalyst. Adobe Stock Struggling with Pressure Ahead of Earnings
• Neutral Sentiment: Options markets are pricing in a larger-than-usual move around earnings, signaling that traders expect volatility but not necessarily a directional bias yet. Earnings Volatility Watch: Oracle, Adobe And 8 Stocks Set For Big Swings This Week
• Negative Sentiment: Analysts and commentators are warning that leadership uncertainty could weigh on sentiment, while the stock’s sharp year-to-date decline reflects fading investor confidence ahead of earnings. Adobe Falls 23% YTD As Analysts Raise Questions Ahead Of Earnings
• Negative Sentiment: Adobe’s stock is facing a “critical” Q2 test amid concerns about AI disruption, ARR trends, and the recent CEO exit, all of which are adding pressure into the print. Adobe (ADBE) Stock Faces Critical Q2 Earnings Test Amid 29% YTD Decline
• Negative Sentiment: Technical commentary says Adobe has been “struggling with pressure” ahead of earnings, and recent articles note the shares remain well below recent highs, reinforcing a cautious tone. Cheap Adobe stock has formed a risky pattern: will it crash after earnings?

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.