Adobe Inc. $ADBE Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 18.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,961 shares of the software company’s stock after selling 26,569 shares during the period. iA Global Asset Management Inc.’s holdings in Adobe were worth $28,188,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Adobe in the fourth quarter valued at $2,275,165,000. Arrowstreet Capital Limited Partnership grew its stake 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 purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox grew its stake in Adobe by 8,006.6% during the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after purchasing an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC increased its holdings in Adobe by 55.2% during the 3rd 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. Finally, Amundi raised its position in 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 purchasing an additional 742,646 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $205.02 on Wednesday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $392.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $81.50 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.72 and a beta of 1.42. The company’s fifty day moving average price is $234.94 and its 200 day moving average price is $267.40.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business earned $5.06 EPS. Adobe’s quarterly revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, sell-side analysts predict that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Adobe announced that its board has approved a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched Firefly Foundry, a new platform for enterprises to build custom generative AI models using approved brand assets and visual standards, reinforcing the company’s AI strategy and creating a potential new revenue driver. Adobe (ADBE) Launches Firefly Foundry to Enable Enterprise Custom AI Model Development
• Positive Sentiment: Several articles argue Adobe may be undervalued after its sharp selloff, with analysts and commentators pointing to strong fundamentals, a solid business model, and improving sentiment around the stock. Adobe: A Strong Business Model That Delivers – A Value Equation Deep Dive
• Positive Sentiment: Adobe’s addition to several Russell value and defensive benchmarks, along with a raised full-year outlook and broader AI upgrades across its product suite, is supporting the investment case. Adobe’s Agentic AI Push and Russell Index Shift Might Change The Case For Investing In Adobe (ADBE)
• Neutral Sentiment: Adobe continues to be one of the most watched software names, with traders focusing on whether the recent reset in valuation makes the stock attractive after its steep decline this year. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Phillip Securities downgraded Adobe from strong-buy to hold, which can weigh on sentiment by signaling less upside from current levels. Adobe downgraded by Phillip Securities
• Negative Sentiment: Some market commentary still highlights investor concern that AI competition could pressure long-term software growth, helping explain why Adobe’s shares have been under heavy pressure despite recent product wins. Are NOW, CRM, WDAY, and ADBE stocks bargains after their valuation reset?

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADBE. Royal Bank Of Canada decreased their price objective on Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. The Goldman Sachs Group reduced their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, June 12th. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 12th. Piper Sandler lowered their price target on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $278.16.

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.