Todd Asset Management LLC Has $25.21 Million Stock Position in Adobe Inc. $ADBE

Todd Asset Management LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 17.5% during the fourth quarter, Holdings Channel reports. The firm owned 72,026 shares of the software company’s stock after buying an additional 10,743 shares during the period. Todd Asset Management LLC’s holdings in Adobe were worth $25,208,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have recently commented on ADBE shares. Mizuho reissued a “neutral” rating and issued a $270.00 target price (down from $315.00) on shares of Adobe in a report on Monday, April 27th. Argus reissued a “hold” rating on shares of Adobe in a report on Monday, March 16th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a report on Friday, March 13th. JPMorgan Chase & Co. reduced their target price on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, Morgan Stanley reduced their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $338.15.

Adobe Stock Performance

Shares of Adobe stock opened at $244.76 on Monday. The firm has a fifty day moving average of $245.05 and a two-hundred day moving average of $287.11. The stock has a market capitalization of $98.93 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.95 and a beta of 1.42. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $421.48. 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 data on Thursday, March 12th. The software company reported $6.06 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 during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the company earned $5.08 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. 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, equities research analysts predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its board has authorized 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 shares through open market purchases. Shares repurchase plans are generally 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 stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the company’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 directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last three months. Insiders own 0.20% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is getting fresh buzz from its deeper integration with Google Gemini, including the ability for users to access Photoshop and Premiere Pro tools inside the AI assistant. That could expand Adobe’s reach and strengthen demand for its creative software. Article Title
• Positive Sentiment: Articles highlighting Adobe’s Digital Experience business say the company is well positioned to benefit from the digital content boom, with Experience Cloud and AI tools like Firefly and Sensei serving demand in ads and e-commerce. Article Title
• Positive Sentiment: Some market commentary argues Adobe looks inexpensive relative to its growth outlook after the broad software selloff, which may be attracting value-oriented investors. Article Title
• Neutral Sentiment: Additional coverage says Adobe is using agentic AI to defend its software moat, reinforcing the view that management is leaning into AI to support its competitive position. Article Title
• Negative Sentiment: One market recap noted Adobe stock fell in the latest session while the broader market advanced, underscoring continued volatility and investor caution around the name. Article Title
• Negative Sentiment: Governance-related headlines are also adding a small overhang, with renewed attention on trading activity tied to Adobe shares amid existing shareholder litigation. Article Title

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.