Sumitomo Mitsui DS Asset Management Company Ltd Lowers Stock Holdings in Adobe Inc. $ADBE

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,192 shares of the software company’s stock after selling 2,477 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Adobe were worth $19,667,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after buying an additional 1,952,994 shares in the last quarter. Dodge & Cox grew its stake in shares of Adobe by 8,006.6% in the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after acquiring an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares in the last quarter. Amundi increased its position in shares of 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 acquiring an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Adobe by 112.6% in the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after acquiring an additional 710,357 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched an AI “productivity agent” that integrates Acrobat document intelligence to create, summarize and share rich content — a clear product advancement that supports future growth in agentic AI use cases. Adobe’s New Productivity Agent Redefines How People Understand, Create and Share Information
• Positive Sentiment: Adobe finalized its acquisition of Semrush, bolstering capabilities for agentic AI-driven brand visibility and marketing data — strategic for Adobe Experience Cloud and adtech monetization. Adobe (ADBE) Finalizes Acquisition of Semrush Holdings to Power Agentic AI Brand Visibility
• Positive Sentiment: Management’s large $25 billion buyback program signals confidence and supports EPS/share metrics, a potential near-term floor for valuation as Adobe repurchases depressed shares. Adobe’s $25 Billion Buyback Sends a Clear Signal. Yet Shares Remain Dirt Cheap.
• Neutral Sentiment: Adobe highlights India as a major innovation hub ( ~1/3 of global innovation, including Firefly) and sees vertical demand in fashion, travel and e‑commerce — positive for long-term product road map but not an immediate revenue catalyst. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Neutral Sentiment: Macro commentary on the AI/SaaS rotation notes both risk and opportunity — some analysts see recovery potential for select software names, but the sector remains volatile. The Same AI Wave Crushing SaaS Stocks May Be About to Rescue These 3 Names
• Negative Sentiment: Insider selling (reported ~US$19M) and commentary suggesting insider hesitancy can spook investors and is being cited as a headwind. Adobe Insiders Sold US$19m Of Shares Suggesting Hesitancy
• Negative Sentiment: Short-term selling pressure and cautious headlines (including bearish takes comparing Adobe to a fading incumbent and noting a pullback after a rally) are pressuring the stock amid technical weakness. Adobe turns red: On track to log losses after six-session rally
• Negative Sentiment: Market coverage noting the stock “sinks” despite broader market gains reflects mixed analyst tone and may amplify selling momentum. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here’s Why

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a report on Friday, March 13th. Morgan Stanley reduced their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. BMO Capital Markets decreased their price objective on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research note on Friday, March 13th. TD Cowen lowered their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada reduced their target price on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $338.15.

Adobe Trading Down 2.1%

ADBE opened at $250.17 on Thursday. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The company has a market cap of $101.12 billion, a P/E ratio of 14.57, a PEG ratio of 1.00 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. The business’s 50-day simple moving average is $250.37 and its 200-day simple moving average is $295.55.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts expect 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 Transactions at Adobe

In other news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by insiders.

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.