NewEdge Wealth LLC Boosts Stock Position in Adobe Inc. $ADBE

NewEdge Wealth LLC increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 4.2% during the 4th quarter, Holdings Channel reports. The firm owned 57,660 shares of the software company’s stock after buying an additional 2,304 shares during the period. NewEdge Wealth LLC’s holdings in Adobe were worth $20,180,000 at the end of the most recent quarter.

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

Adobe Stock Performance

Shares of Adobe stock opened at $253.04 on Friday. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The firm has a market capitalization of $102.28 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.99 and a beta of 1.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $250.40 and a two-hundred day simple moving average of $295.01.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities 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 program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ADBE shares. BTIG Research began coverage on shares of Adobe in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Robert W. Baird set a $350.00 target price on shares of Adobe in a research report on Wednesday, January 14th. The Goldman Sachs Group cut their target price on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Jefferies Financial Group reduced their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus price target of $338.15.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This trade 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 Adobe stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched a new AI-powered productivity agent aimed at improving PDF creation, sharing, podcast generation, and interactive workflows, reinforcing its push to monetize generative AI across its core software ecosystem. Article Title
• Positive Sentiment: Adobe expanded its Adobe Experience Platform through a collaboration with Alluvium to improve healthcare capacity management, suggesting broader enterprise use cases beyond creative software. Article Title
• Positive Sentiment: Adobe is expanding its India presence with a new office in Noida and a seventh campus, which underscores ongoing investment in AI innovation and international growth capacity. Article Title
• Positive Sentiment: Adobe is using National Small Business Week promotions to highlight Adobe Express, which could support adoption among smaller customers and strengthen its AI-driven creative tools narrative. Article Title
• Neutral Sentiment: Recent commentary says Adobe trades at a relatively low valuation after a steep year-to-date decline, but investor sentiment remains cautious and mixed despite GenAI rollout efforts. Article Title
• Neutral Sentiment: Adobe has also been in the news for a recent pullback after a six-session rally, indicating short-term volatility rather than a clear change in fundamentals. Article Title

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.