SG Trading Solutions LLC acquired a new stake in Adobe Inc. (NASDAQ:ADBE – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,427 shares of the software company’s stock, valued at approximately $1,199,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kera Capital Partners Inc. increased its holdings in shares of Adobe by 9.4% during the 4th quarter. Kera Capital Partners Inc. now owns 1,998 shares of the software company’s stock worth $699,000 after acquiring an additional 171 shares during the last quarter. Blue Capital Inc. acquired a new stake in Adobe during the 4th quarter valued at $580,000. MV Capital Management Inc. acquired a new stake in Adobe during the 4th quarter valued at $419,000. Cambient Family Office LLC bought a new position in Adobe during the fourth quarter worth $281,000. Finally, White Knight Strategic Wealth Advisors LLC bought a new position in Adobe during the fourth quarter worth $545,000. 81.79% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Shantanu Narayen sold 75,000 shares of Adobe 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 sale, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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 in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.
Adobe Price Performance
Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm earned $5.06 EPS. The company’s quarterly revenue 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. Analysts forecast that Adobe Inc. will post 19.73 EPS for the current year.
Adobe declared that its board has authorized a share 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Trending Headlines about Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe unveiled a major expansion of its creative agent across Firefly and Creative Cloud, including Photoshop and Premiere, to automate multi-step workflows and improve productivity. Adobe Unveils Major Expansion of Creative Agent Across Firefly and Creative Cloud Apps Including Photoshop and Premiere
- Positive Sentiment: The company added its AI assistant to Premiere, Illustrator, InDesign and Frame.io, extending agentic AI capabilities deeper into its core workflow tools. Adobe adds its AI assistant to Premiere, Illustrator and InDesign
- Positive Sentiment: Adobe introduced GenStudio for Commerce Media Networks and Brand Visibility, new AI-focused offerings aimed at helping customers manage content, improve discoverability, and drive marketing results. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
- Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative, reinforcing Adobe’s ecosystem and positioning in AI education and marketing workflows. Adobe and LinkedIn Launch Global AI Skills Initiative to Empower the Next Generation of Marketers
Analyst Ratings Changes
Several equities analysts have recently weighed in on ADBE shares. Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adobe in a report on Friday, March 13th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Citigroup restated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $278.16.
Read Our Latest Research Report on Adobe
Adobe 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.
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