Deutsche Bank AG Buys 148,623 Shares of Adobe Inc. $ADBE

Deutsche Bank AG lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,997,588 shares of the software company’s stock after buying an additional 148,623 shares during the period. Deutsche Bank AG’s holdings in Adobe were worth $1,399,116,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Western Pacific Wealth Management LP bought a new stake in shares of Adobe in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe in the third quarter valued at about $27,000. Caitlin John LLC bought a new stake in shares of Adobe in the third quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Adobe in the fourth quarter valued at about $28,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADBE. UBS Group reduced their target price on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Sanford C. Bernstein set a $447.00 price target on shares of Adobe and gave the stock an “outperform” rating in a research note on Friday, March 13th. Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $335.00 to $275.00 in a research note on Friday, March 13th. Mizuho restated a “neutral” rating and set a $270.00 price target (down from $315.00) on shares of Adobe in a research note on Monday, April 27th. Finally, KeyCorp cut their price target on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $331.65.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s Firefly and GenStudio products are still seen as key AI growth drivers, and investors are watching for signs that these tools can help reignite revenue growth. Should You Buy, Sell or Hold Adobe Stock Before Q2 Earnings?
• Positive Sentiment: Some analysts remain constructive enough to raise price targets, suggesting there is still confidence in Adobe’s long-term cash flow and product franchise. Adobe Falls 23% YTD As Analysts Raise Questions Ahead Of Earnings
• Neutral Sentiment: Adobe is scheduled to report fiscal Q2 results on June 11, and investors are positioning ahead of the release rather than waiting for the numbers. Adobe Stock Price Forecast — What Analysts Expect Ahead June 11 Earnings
• Neutral Sentiment: Short-interest data showed no meaningful change, so the latest move appears driven more by sentiment and earnings caution than by a new bearish trading setup.
• Negative Sentiment: Several reports warn that Adobe may face tougher competition in generative AI, macroeconomic softness, and elevated expectations into earnings, all of which could pressure results or guidance. Should You Buy, Sell or Hold Adobe Stock Before Q2 Earnings?
• Negative Sentiment: Market commentary also highlights leadership uncertainty, with a likely CEO transition and questions about whether Adobe needs bolder AI strategy changes, adding another layer of investor concern. Adobe needs a new CEO to make bold AI moves, and its choice could be revealed on Thursday
• Negative Sentiment: Analysts and commentators describe Adobe as a “frustrating” stock heading into earnings, reflecting skepticism that upcoming results will be strong enough to reverse the recent slide. Adobe Sinks (ADBE) as Analysts Clash Over ‘Extremely Frustrating Stock’ in Q2 Preview

Adobe Stock Down 2.9%

Shares of ADBE opened at $237.88 on Wednesday. The stock has a market cap of $96.15 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $419.82. The company has a 50-day moving average price of $245.94 and a two-hundred day moving average price of $280.44.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. The company 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 revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business 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. Equities analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its board has authorized a stock buyback program on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on 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 owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was 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 of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.

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.