Twin Capital Management Inc. Cuts Stock Position in Adobe Inc. $ADBE

Twin Capital Management Inc. lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 32.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,893 shares of the software company’s stock after selling 2,777 shares during the period. Twin Capital Management Inc.’s holdings in Adobe were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ADBE. Vanguard Group Inc. lifted its holdings in Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after acquiring an additional 344,816 shares during the period. State Street Corp raised its stake in Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after purchasing an additional 352,448 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Amundi raised its stake in Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Adobe by 9.4% in the 3rd quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock valued at $1,700,850,000 after purchasing an additional 414,526 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was 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 in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock valued at $18,782,773 over the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADBE shares. Piper Sandler dropped their target price on Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research note on Friday, March 13th. William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Finally, TD Cowen cut their target price on Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $338.15.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its AI creative tools into Google Gemini, letting users access Firefly-powered and other creative workflows inside Gemini. That could broaden Adobe’s reach and reinforce its AI strategy. Adobe for creativity connector expands AI creative workflows to Gemini
• Positive Sentiment: Reports say Gemini will soon be able to edit photos across Lightroom and Photoshop, and that Adobe’s professional tools are being integrated more deeply into Google’s ecosystem. Investors may see this as a distribution win for Adobe’s software suite. Gemini will soon be able to edit photos for you across Lightroom and Photoshop
• Positive Sentiment: Michael Burry reportedly maintained a position in Adobe, which may be helping sentiment around the stock despite his broader warning about an AI bubble. Adobe Inc. (ADBE): Michael Burry Maintains Position

Adobe Stock Performance

Shares of ADBE stock opened at $253.37 on Thursday. 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 Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The stock has a fifty day moving average price of $246.25 and a 200 day moving average price of $288.44. The stock has a market cap of $102.41 billion, a PE ratio of 14.76, a P/E/G ratio of 0.99 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.