Royal London Asset Management Ltd. Has $87.69 Million Position in Adobe Inc. $ADBE

Royal London Asset Management Ltd. reduced its position in shares of Adobe Inc. (NASDAQ:ADBE) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,537 shares of the software company’s stock after selling 87,213 shares during the period. Royal London Asset Management Ltd.’s holdings in Adobe were worth $87,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new position in Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe in the 3rd quarter valued at $27,000. Caitlin John LLC acquired a new position in Adobe in the 3rd quarter valued at $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Adobe in the 4th quarter valued at $28,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jillian Forusz sold 755 shares of the company’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 sale, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Adobe Stock Down 6.8%

Shares of Adobe stock opened at $204.02 on Friday. Adobe Inc. has a one year low of $196.90 and a one year high of $405.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $244.54 and its 200 day moving average is $278.61. The firm has a market cap of $82.46 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.85 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 64.99% and a net margin of 28.69%.The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the company earned $5.06 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities research analysts anticipate that Adobe Inc. will post 19.14 EPS for the current year.

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

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above expectations, while also raising full-year revenue and earnings guidance. The company said AI-driven demand and stronger subscription spending supported results. Adobe Reports Record Q2 Results
• Positive Sentiment: Management highlighted accelerating adoption of Adobe’s AI tools, with AI-first annual recurring revenue topping $500 million, which supports the long-term growth case. Adobe Q2 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall
• Neutral Sentiment: Despite the beat, Adobe signaled a strategic shift toward freemium AI products and prioritizing user growth over immediate monetization, which adds uncertainty around near-term ARR growth. ADBE Q2 Earnings Call Centers on Freemium AI Push, Raised Outlook
• Negative Sentiment: Investors were rattled by the sudden departure of CFO Dan Durn, which adds to leadership uncertainty while Adobe is also in the middle of a CEO succession process. Adobe raises annual revenue forecast, CFO to exit
• Negative Sentiment: Wall Street reacted with multiple price-target cuts and downgrades, reflecting concerns that Adobe’s core growth may be decelerating and that AI monetization is still not proven. Leadership Exits, Decelerating Core Growth Cloud Adobe’s Earnings Beat

Analysts Set New Price Targets

A number of research firms have recently commented on ADBE. JPMorgan Chase & Co. lowered their price target on Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday. KeyCorp decreased their price target on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday. The Goldman Sachs Group decreased their price target on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Finally, Robert W. Baird decreased their price target on Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $278.16.

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.