Adobe Inc. $ADBE Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 21.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the software company’s stock after selling 4,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Adobe were worth $3,646,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ADBE. Willis Investment Counsel raised its stake in Adobe by 138.9% in the fourth quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after buying an additional 23,671 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after buying an additional 710,357 shares during the last quarter. Nicholas Company Inc. boosted its position in shares of Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after acquiring an additional 12,400 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Adobe by 13.4% during the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after acquiring an additional 25,435 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after acquiring an additional 6,426 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Down 0.1%

Shares of NASDAQ ADBE opened at $194.90 on Tuesday. The business has a 50-day moving average price of $239.67 and a 200 day moving average price of $273.22. The stock has a market cap of $77.47 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. 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 52-week low of $190.12 and a 52-week high of $392.58.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the company posted $5.06 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities research analysts forecast that Adobe Inc. will post 19.73 earnings per share for the current year.

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

Insider Transactions at Adobe

In related news, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 77,091 shares of company stock worth $18,782,773. Insiders own 0.20% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced new agentic AI partnerships at Cannes Lions, including agency, technology, and systems integrator deals aimed at making Adobe the “infrastructure layer” for personalized customer experiences. The company also said it is embedding Creative Agent across Firefly and Creative Cloud, which could improve workflow productivity and deepen product usage. Adobe Accelerates Agentic AI Adoption Through New Agency and Technology Partnerships
• Positive Sentiment: Several commentators highlighted Adobe’s valuation as attractive after the selloff, with value investors and analysts pointing to strong buybacks, solid ARR trends, and what they see as an overly pessimistic view of AI disruption. One analyst also reiterated a Buy rating with a high price target, reinforcing the idea that the stock may be undervalued. Paul Chew Reiterates Buy on Adobe
• Neutral Sentiment: Adobe is expanding its free and freemium AI tools and moving further into commerce media, which could broaden adoption and support longer-term growth, but the market is still waiting to see whether this strategy translates into stronger revenue acceleration. Adobe Opens Its AI Tools For Free And Expands Into Commerce Media
• Negative Sentiment: Adobe continues to face skepticism that its AI shift could pressure pricing and growth, and some coverage noted that the company is still searching for a new CEO while its CFO departs. Citi also cut its price target to $228 from $264, keeping a Neutral rating, which may weigh on sentiment. Citi Cuts PT on Adobe Inc. (ADBE)

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ADBE shares. Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird cut their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Finally, Barclays lowered their target price on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a report on Friday, June 12th. Five analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average price target of $278.16.

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.