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

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in Adobe Inc. (NASDAQ:ADBE) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe during the third quarter worth about $27,000. Caitlin John LLC purchased a new stake in Adobe during the 3rd quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new stake in Adobe in the 4th quarter valued at about $28,000. Finally, Marquette Asset Management LLC raised its holdings in Adobe by 72.3% in the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 755 shares of the company’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 value of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the 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 transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 over the last 90 days. 0.20% of the stock is owned by company insiders.

Adobe Trading Down 2.1%

Shares of Adobe stock opened at $250.17 on Thursday. The stock has a 50 day moving average of $250.37 and a 200 day moving average of $295.55. 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 firm has a market capitalization of $101.12 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.00 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion for 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 company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a share buyback plan 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 plans are usually a sign that the company’s management believes its stock is undervalued.

More 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 firms have recently issued reports on ADBE. Morgan Stanley dropped their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. BMO Capital Markets dropped their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a report on Friday, March 13th. Barclays lowered Adobe from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $335.00 to $275.00 in a report on Friday, March 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $338.15.

About Adobe

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.