Intech Investment Management LLC Has $101.35 Million Stock Position in Adobe Inc. $ADBE

Intech Investment Management LLC trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 289,581 shares of the software company’s stock after selling 36,038 shares during the quarter. Adobe makes up 0.9% of Intech Investment Management LLC’s portfolio, making the stock its 13th biggest position. Intech Investment Management LLC’s holdings in Adobe were worth $101,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Western Pacific Wealth Management LP acquired a new stake in Adobe in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Adobe in the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Adobe in the third quarter worth about $27,000. Caitlin John LLC acquired a new stake in Adobe in the third quarter worth about $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in Adobe in the fourth quarter worth about $28,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. BMO Capital Markets reduced their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a report on Friday, March 13th. Weiss Ratings cut Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Royal Bank Of Canada reduced their target price on Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Argus restated a “hold” rating on shares of Adobe in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $338.15.

Insider Activity

In other news, 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 transaction of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. The trade was 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, CFO Daniel Durn sold 1,336 shares of the company’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 transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock worth $18,782,773 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Adobe Price Performance

Shares of ADBE opened at $241.44 on Friday. 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 $421.48. The stock has a market cap of $97.59 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. The stock’s 50-day moving average price is $243.85 and its two-hundred day moving average price is $284.57.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $5.08 EPS. Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. 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 predict that Adobe Inc. will post 19.14 earnings per share for the current year.

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

Key Headlines Impacting Adobe

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.