Oslo Pensjonsforsikring AS Acquires Shares of 2,210 Adobe Inc. $ADBE

Oslo Pensjonsforsikring AS acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 1st quarter, Holdings Channel reports. The firm acquired 2,210 shares of the software company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after acquiring an additional 352,448 shares in the last quarter. Geode Capital Management LLC increased its position in Adobe by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after acquiring an additional 414,049 shares during the period. Norges Bank acquired a new stake in Adobe in the 4th quarter worth about $2,275,165,000. Arrowstreet Capital Limited Partnership raised its stake in Adobe by 10.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock worth $2,179,914,000 after purchasing an additional 611,358 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Adobe by 6.2% in the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock valued at $1,791,607,000 after purchasing an additional 297,337 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other Adobe news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares in the company, 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. Company insiders own 0.20% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $227.16 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $376.16. The firm has a market cap of $90.30 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.79 and a beta of 1.43. The company’s 50-day moving average price is $228.08 and its two-hundred day moving average price is $253.81.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has initiated a share buyback 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 usually an indication that the company’s leadership believes its stock is undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Morgan Stanley lowered Adobe to Underweight, saying multiple strategic transitions are happening at once and that AI disruption could make it harder for the company to reaccelerate growth. Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight
• Negative Sentiment: More Wall Street downgrades and commentary around Adobe’s AI exposure are adding to the selling pressure, with some analysts saying peers may offer cleaner AI monetization and faster growth. ADBE Stock Drops After Morgan Stanley Downgrade – Sees ‘Cleaner Growth And AI Monetization Elsewhere’
• Neutral Sentiment: Adobe continues to push into AI with new features in its experimental Project Indigo camera app, highlighting that it is still investing in product innovation even as investors worry about competitive threats. Adobe crams multiple AI tools into its experimental camera app
• Neutral Sentiment: Some coverage argues Adobe still looks attractive on valuation and that one analyst sees meaningful upside from current levels, but that view is being outweighed today by broader AI-related concern. ADBE stock is falling again but here’s why one Wall Street analyst sees a 31% upside

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ADBE shares. Oppenheimer restated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Phillip Securities downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Summit Redstone set a $350.00 price objective on Adobe in a research note on Friday, April 17th. Finally, Wolfe Research cut Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $271.30.

Adobe Company 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.