Adobe Inc. $ADBE Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 3.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,531,678 shares of the software company’s stock after acquiring an additional 414,049 shares during the period. Geode Capital Management LLC’s holdings in Adobe were worth $4,027,170,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Western Pacific Wealth Management LP acquired a new position in Adobe during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the 3rd quarter worth about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe during the 3rd quarter worth about $27,000. Caitlin John LLC acquired a new position in Adobe during the 3rd quarter worth about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Adobe during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADBE shares. Piper Sandler decreased their target price on Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research note on Friday, March 13th. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. The Goldman Sachs Group reduced their price target on Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Finally, Morgan Stanley reduced their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $338.15.

Adobe Trading Down 0.9%

ADBE opened at $238.24 on Thursday. Adobe Inc. has a one year low of $224.13 and a one year high of $421.48. The company has a market cap of $96.30 billion, a P/E ratio of 13.88, a PEG ratio of 0.94 and a beta of 1.42. 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 business’s 50-day simple moving average is $244.10 and its 200-day simple moving average is $285.17.

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 return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business posted $5.08 EPS. The business’s revenue for the quarter 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 expect that Adobe Inc. will post 19.14 EPS for the current fiscal year.

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

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe remains a strong cash-generating business, with recent commentary calling it a “free cash flow machine,” which may appeal to value-focused investors. Adobe: A Free Cash Flow Machine In Full Gear
• Positive Sentiment: Analysts and commentary are increasingly viewing Adobe as potentially undervalued after its selloff, implying upside if AI fears prove overdone. Is Adobe Stock an Undervalued Stock to Buy?
• Neutral Sentiment: Recent coverage comparing Adobe with Autodesk suggests both are investing in AI and subscriptions, but Adobe is being overshadowed by peers with better growth expectations. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Neutral Sentiment: Adobe also appeared in a broader software-stock roundup, reinforcing that it remains a key name in the sector, though not a direct catalyst by itself. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Negative Sentiment: Investor concerns remain centered on AI disruption, with commentary saying those fears have weighed on Adobe’s performance and sentiment. AI Disruption Concerns Weighed on Adobe’s (ADBE) Performance
• Negative Sentiment: One bearish article grouped Adobe among software names that may be vulnerable to AI disruption, adding to the market’s caution around the stock. These Are the Four Signs a Company Is About to Destroyed by AI

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.