New York State Teachers Retirement System Has $129.74 Million Stock Position in Adobe Inc. $ADBE

New York State Teachers Retirement System cut its position in Adobe Inc. (NASDAQ:ADBE) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 370,688 shares of the software company’s stock after selling 12,712 shares during the period. New York State Teachers Retirement System’s holdings in Adobe were worth $129,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake 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 buying an additional 1,952,994 shares during the last quarter. Dodge & Cox boosted its stake 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 acquiring an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC grew its holdings in 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 purchasing an additional 920,353 shares during the period. Amundi grew its stake in shares of Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. increased its position in Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after buying an additional 710,357 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Recent earnings and guidance beat underpin confidence in growth and margin sustainability; analysts cite the Q1 outperformance as a near?term catalyst. Why Adobe Systems (ADBE) Outpaced the Stock Market Today
• Positive Sentiment: Management announced a $25 billion share buyback — a significant capital return that supports EPS and signals confidence from the board. Should You Buy Adobe Stock After the Company’s $25 Billion Share Repurchase Announcement?
• Positive Sentiment: Product and partnership momentum around AI: Firefly went public and Adobe integrations with Claude/third?party creative tools expand addressable market and stickiness for Creative Cloud/Enterprise customers. Adobe Firefly AI is now live publicly, hoping you’ll talk to an AI and get work done
• Neutral Sentiment: Trading/strategies commentary highlights elevated option activity and macro positioning; useful for traders but less likely to change fundamentals. Adobe Stock: Transform $200 Risk Into An $800 Return With A Butterfly Trade
• Negative Sentiment: CEO Shantanu Narayen sold 75,000 shares (disclosed Apr. 28) — an executive sale that can spook some investors even if it’s pre?planned or for diversification. Shantanu Narayen Insider Sale Filing
• Negative Sentiment: Legal risk: an investor lawsuit alleges copyright issues around AI training — potential reputational, regulatory and litigation exposure that could pressure the stock if escalated. Adobe Investor Sues Board Over AI Training Copyright Accusations

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BTIG Research assumed coverage on Adobe in a report on Monday, April 13th. They set a “neutral” rating for the company. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Friday, March 13th. Argus restated a “hold” rating on shares of Adobe in a research note on Monday, March 16th. The Goldman Sachs Group cut their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Finally, Royal Bank Of Canada reduced their target price on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $338.15.

Adobe Stock Up 1.0%

ADBE stock opened at $246.10 on Friday. The stock’s fifty day simple moving average is $250.36 and its two-hundred day simple moving average is $297.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $422.95. The stock has a market cap of $99.47 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.95 and a beta of 1.52.

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, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Analysts expect that Adobe Inc. will post 19.14 EPS for the current year.

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

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

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.