Adobe Inc. $ADBE Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 82.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 339,193 shares of the software company’s stock after purchasing an additional 153,142 shares during the period. Adobe accounts for 1.0% of Erste Asset Management GmbH’s portfolio, making the stock its 23rd largest position. Erste Asset Management GmbH’s holdings in Adobe were worth $119,497,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MCF Advisors LLC increased its position in Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares during the last quarter. SWAN Capital LLC increased its position in Adobe by 43.1% during the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after purchasing an additional 31 shares during the last quarter. Logan Capital Management Inc. increased its position in Adobe by 0.3% during the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after purchasing an additional 32 shares during the last quarter. Peoples Bank KS increased its position in Adobe by 1.6% during the fourth quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after purchasing an additional 33 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in Adobe by 16.1% during the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock worth $86,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction on 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 directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by company insiders.

Adobe Price Performance

Shares of ADBE stock opened at $251.44 on Monday. The company has a market capitalization of $101.63 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The firm has a fifty day simple moving average of $245.80 and a 200-day simple moving average of $281.56. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a twelve month low of $224.13 and a twelve month high of $419.82.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share 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 the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities research analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

ADBE has been the subject of several recent research reports. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. dropped their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. DA Davidson set a $300.00 price objective on shares of Adobe in a research report on Friday, March 13th. Piper Sandler reissued a “neutral” rating and issued a $280.00 price objective on shares of Adobe in a research report on Thursday. Finally, HSBC set a $302.00 price objective on shares of Adobe in a research report on Friday, February 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus price target of $337.62.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating on Adobe and kept a $350 price target, implying meaningful upside from current levels. This suggests some analysts still see attractive valuation and earnings potential ahead. Benzinga
• Positive Sentiment: Multiple previews ahead of Adobe’s June 11 fiscal Q2 earnings report say Wall Street expects earnings growth and a potential beat, which could support the stock if results and guidance come in stronger than expected. Yahoo Finance
• Neutral Sentiment: Coverage this week highlighted that Adobe is getting closer to choosing its next CEO, with internal and external candidates under review. Leadership transition talk adds uncertainty, but it could also be viewed as a strategic reset in the AI era. Yahoo Finance
• Negative Sentiment: Investor anxiety continues to build around Adobe’s competitive moat, with one recent article arguing that AI could threaten the “Adobe era” and help explain why the stock has fallen sharply from its 2025 highs. The Motley Fool
• Negative Sentiment: Recent market commentary also noted Adobe has been falling more than the broader market, reflecting ongoing skepticism ahead of earnings and broader concerns about growth durability. Zacks

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.