Danske Bank A S Buys 152,423 Shares of Adobe Inc. $ADBE

Danske Bank A S boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 61.8% during the 4th quarter, Holdings Channel reports. The fund owned 399,184 shares of the software company’s stock after buying an additional 152,423 shares during the period. Danske Bank A S’s holdings in Adobe were worth $139,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Adobe by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after acquiring an additional 344,816 shares in the last quarter. State Street Corp grew its holdings in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after acquiring an additional 352,448 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after acquiring an additional 1,952,994 shares in the last quarter. Amundi grew its holdings in Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after acquiring an additional 742,646 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Adobe by 9.4% during the 3rd quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock worth $1,700,850,000 after acquiring an additional 414,526 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADBE. Summit Redstone set a $350.00 target price on shares of Adobe in a report on Friday, April 17th. UBS Group dropped their target price on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Citigroup reiterated a “neutral” rating on shares of Adobe in a report on Friday, April 10th. Robert W. Baird set a $350.00 target price on shares of Adobe in a report on Wednesday, January 14th. Finally, BTIG Research began coverage on shares of Adobe in a report on Monday, April 13th. They set a “neutral” rating on the stock. One investment 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, the stock has an average rating of “Hold” and a consensus price target of $338.15.

Adobe Stock Performance

ADBE stock opened at $246.10 on Friday. The firm has a market cap of $99.47 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.95 and a beta of 1.52. The firm has a 50-day simple moving average of $250.36 and a two-hundred day simple moving average of $297.20. Adobe Inc. has a one year low of $224.13 and a one 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.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities analysts forecast that Adobe Inc. will post 19.14 EPS for the current fiscal year.

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

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Recent earnings and guidance beat underpin confidence in growth and margin sustainability; analysts cite the Q1 outperformance as a near‑term catalyst. Why Adobe Systems (ADBE) Outpaced the Stock Market Today
• Positive Sentiment: Management announced a $25 billion share buyback — a significant capital return that supports EPS and signals confidence from the board. Should You Buy Adobe Stock After the Company’s $25 Billion Share Repurchase Announcement?
• Positive Sentiment: Product and partnership momentum around AI: Firefly went public and Adobe integrations with Claude/third‑party creative tools expand addressable market and stickiness for Creative Cloud/Enterprise customers. Adobe Firefly AI is now live publicly, hoping you’ll talk to an AI and get work done
• Neutral Sentiment: Trading/strategies commentary highlights elevated option activity and macro positioning; useful for traders but less likely to change fundamentals. Adobe Stock: Transform $200 Risk Into An $800 Return With A Butterfly Trade
• Negative Sentiment: CEO Shantanu Narayen sold 75,000 shares (disclosed Apr. 28) — an executive sale that can spook some investors even if it’s pre‑planned or for diversification. Shantanu Narayen Insider Sale Filing
• Negative Sentiment: Legal risk: an investor lawsuit alleges copyright issues around AI training — potential reputational, regulatory and litigation exposure that could pressure the stock if escalated. Adobe Investor Sues Board Over AI Training Copyright Accusations

Insider Activity

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction 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 approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

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.