Eurizon SLJ Capital Ltd Buys Shares of 22,483 Adobe Inc. $ADBE

Eurizon SLJ Capital Ltd bought a new stake in Adobe Inc. (NASDAQ:ADBE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 22,483 shares of the software company’s stock, valued at approximately $7,869,000. Adobe makes up approximately 3.1% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 11th biggest holding.

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the 4th quarter worth approximately $26,000. Caitlin John LLC purchased a new position in shares of Adobe during the 3rd quarter worth approximately $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the 4th quarter worth approximately $28,000. Finally, TrustBank purchased a new position in shares of Adobe during the 4th quarter worth approximately $28,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ADBE shares. The Goldman Sachs Group dropped their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. BMO Capital Markets dropped their price objective on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research note on Friday, March 13th. William Blair cut shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. UBS Group dropped their price objective 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. Finally, HSBC set a $302.00 price objective on shares of Adobe in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $338.15.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were 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 approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Adobe Stock Up 7.4%

Shares of NASDAQ ADBE opened at $259.21 on Friday. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $421.48. The firm’s 50 day moving average price is $244.11 and its 200 day moving average price is $284.39. The firm has a market cap of $104.77 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. 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 earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business earned $5.08 earnings per share. Adobe’s revenue was up 12.0% compared to the same quarter last year. 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, sell-side analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current year.

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

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.