Adobe Inc. $ADBE Shares Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 58.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 527,184 shares of the software company’s stock after buying an additional 194,344 shares during the quarter. Adobe comprises about 0.9% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 24th largest holding. AustralianSuper Pty Ltd’s holdings in Adobe were worth $184,509,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADBE. Western Pacific Wealth Management LP purchased a new position in Adobe in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Adobe during the 3rd quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe during the 3rd quarter worth about $27,000. Caitlin John LLC acquired a new stake in Adobe in the 3rd quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in Adobe in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its agentic AI strategy with a new Acrobat productivity agent that lets users chat with PDFs, pull out key insights, and generate content such as presentations and social posts, reinforcing the company’s push to monetize AI across its software ecosystem. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Positive Sentiment: Adobe is also integrating agentic AI with major tech platforms to automate customer workflows, which could strengthen demand for its digital media and document tools and broaden its enterprise appeal. Adobe (ADBE) Integrates Agentic AI With Major Tech Platforms to Automate Customer Workflows
• Positive Sentiment: Analyst commentary suggests generative AI could expand Adobe’s Digital Media opportunity, with Firefly and Acrobat AI Assistant helping support growth in a business that represents the majority of revenue. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Media coverage is continuing to frame Adobe as a potential rebound story and a long-term value stock, but these pieces are more opinion-driven than catalyst-based. Why Adobe Systems (ADBE) is a top value stock for the long term
• Negative Sentiment: At the same time, reports note that Adobe’s stock has been falling even after an earnings beat, suggesting investors remain focused on concerns such as competition, valuation, and whether AI progress will translate into faster growth. Why Adobe’s stock is falling despite an earnings beat

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. William Blair cut shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. JPMorgan Chase & Co. decreased their price target on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Weiss Ratings cut shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Finally, TD Cowen reduced their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus price target of $338.15.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $237.01 on Friday. The stock’s 50-day simple moving average is $248.44 and its 200-day simple moving average is $291.14. The firm has a market capitalization of $95.80 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm posted $5.08 earnings per share. The firm’s revenue 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 forecast that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,336 shares of the 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 transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction 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 sale, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last ninety days. Insiders own 0.20% of the company’s stock.

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.