United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $63.20 Million Stock Holdings in Adobe Inc. $ADBE

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 2,129.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,561 shares of the software company’s stock after purchasing an additional 172,461 shares during the period. Adobe accounts for 0.9% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 27th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Adobe were worth $63,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co boosted its position in shares of Adobe by 5.3% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 128,235 shares of the software company’s stock valued at $44,881,000 after acquiring an additional 6,500 shares during the period. Foundations Investment Advisors LLC lifted its position in Adobe by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,793 shares of the software company’s stock worth $1,327,000 after purchasing an additional 1,018 shares during the period. Baker Avenue Asset Management LP lifted its position in Adobe by 41.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 2,073 shares of the software company’s stock worth $726,000 after purchasing an additional 609 shares during the period. Godfrey Financial Associates Inc. bought a new position in Adobe in the fourth quarter worth $329,000. Finally, IFG Advisory LLC lifted its position in Adobe by 19.2% in the fourth quarter. IFG Advisory LLC now owns 1,336 shares of the software company’s stock worth $468,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction dated Tuesday, April 28th. The stock was 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 of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $241.44 on Friday. Adobe Inc. has a twelve month low of $224.13 and a twelve month high of $421.48. The firm has a market cap of $97.59 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.93 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 has a fifty day moving average of $243.85 and a 200-day moving average of $284.57.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 12.0% on a year-over-year basis. During the same period last 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 research analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its board has authorized a stock buyback plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

ADBE has been the subject of several research reports. Morgan Stanley reduced their target price 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. JPMorgan Chase & Co. dropped their price objective on Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. KeyCorp dropped their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research note on Friday, March 13th. BTIG Research began coverage on Adobe in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group dropped their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $338.15.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock outperformed the broader market in the latest session, suggesting investors are still willing to buy the shares despite recent sector volatility. Adobe Systems (ADBE) Beats Stock Market Upswing: What Investors Need to Know
• Positive Sentiment: Coverage highlighting Adobe as a strong free-cash-flow generator may be supporting the stock by reinforcing its profitability and valuation appeal. Adobe: A Free Cash Flow Machine In Full Gear
• Neutral Sentiment: Adobe Analytics was named a “Champion” in a third-party digital analytics report, which helps validate the product but is unlikely to be a major near-term stock mover on its own. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report
• Negative Sentiment: Several recent articles continue to frame Adobe as a software name under pressure from generative AI disruption fears, which may be limiting upside and keeping some investors cautious. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Negative Sentiment: Investor commentary that Adobe has “fallen out of favor” suggests sentiment remains fragile, with AI-related concerns still weighing on the stock’s multiple. Adobe (ADBE) Has Fallen Out of Favor. That Might Be the Opportunity

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.