2,161 Shares in Adobe Inc. $ADBE Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,161 shares of the software company’s stock, valued at approximately $756,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its position in Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox boosted its position in Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after purchasing an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC boosted its position in Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after purchasing an additional 920,353 shares in the last quarter. Amundi boosted its position in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Adobe by 112.6% during the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after purchasing an additional 710,357 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several articles highlight Adobe’s push to defend its software moat with agentic AI, including deeper integration of Firefly tools into Google Gemini and AI editing features in Photoshop/Lightroom, which could support long-term competitiveness and revenue growth. How Adobe (ADBE) Is Using Agentic AI to Defend Its Software Moat
• Positive Sentiment: Some analysts and commentators argue the selloff has gone too far, with one piece citing a materially higher 12-month target and framing Adobe as a potential turnaround after a steep year-to-date decline. Adobe Price Prediction. A $417 Stock Now at $253 With AI Revenue Tripling. Here Is Our 12 Month Target
• Positive Sentiment: Michael Burry reportedly maintained a position in Adobe, which may be read as a vote of confidence from a prominent value investor. Adobe Inc. (ADBE): Michael Burry Maintains Position
• Neutral Sentiment: Coverage comparing Q1 results across design software stocks did not point to a new company-specific catalyst, but it kept Adobe in the spotlight versus peers. Design Software Stocks Q1 Results: Benchmarking Adobe (NASDAQ:ADBE)
• Neutral Sentiment: A lawsuit appeal over Adobe’s disclosures and the Figma situation keeps governance and legal questions alive, though the case was partially dismissed. Adobe Lawsuit Appeal Keeps Governance Questions And Value Debate Alive
• Negative Sentiment: Adobe was downgraded by DBS Bank from “moderate buy” to “hold,” which can weigh on sentiment and helps explain the stock’s weakness. Zacks downgrade coverage
• Negative Sentiment: Market commentary notes Adobe has been hit hard by broader software selloff and AI-disruption fears, with investors worried autonomous AI tools could pressure demand for creative software. How Adobe (ADBE) Is Using Agentic AI to Defend Its Software Moat

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value 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 represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of 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 worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ADBE has been the topic of a number of research analyst reports. William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. BMO Capital Markets decreased their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada decreased their target price on Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Jefferies Financial Group decreased their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Finally, Dbs Bank downgraded Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $338.15.

Adobe Stock Down 3.7%

Shares of NASDAQ:ADBE opened at $244.10 on Friday. 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 52-week low of $224.13 and a 52-week high of $421.48. The stock’s fifty day simple moving average is $245.63 and its 200-day simple moving average is $287.76. The company has a market capitalization of $98.67 billion, a P/E ratio of 14.22, 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. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business earned $5.08 earnings per share. The business’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 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a stock buyback program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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.