Kornitzer Capital Management Inc. KS Purchases New Stake in Adobe Inc. $ADBE

Kornitzer Capital Management Inc. KS purchased a new stake in Adobe Inc. (NASDAQ:ADBE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,832 shares of the software company’s stock, valued at approximately $991,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADBE. PFA Pension Forsikringsaktieselskab purchased a new position in Adobe in the fourth quarter worth approximately $84,273,000. MN Wealth Advisors LLC purchased a new position in Adobe in the fourth quarter worth approximately $221,000. Danske Bank A S grew its position in Adobe by 61.8% in the fourth quarter. Danske Bank A S now owns 399,184 shares of the software company’s stock worth $139,710,000 after acquiring an additional 152,423 shares during the period. Mutual Advisors LLC grew its position in Adobe by 2.9% in the fourth quarter. Mutual Advisors LLC now owns 16,977 shares of the software company’s stock worth $5,942,000 after acquiring an additional 476 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Adobe by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 27,500 shares of the software company’s stock worth $9,625,000 after acquiring an additional 531 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several analyst reports. UBS Group lowered their price objective on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Stifel Nicolaus lowered their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 13th. HSBC set a $302.00 price objective on Adobe in a research report on Friday, February 13th. TD Cowen lowered their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company lowered their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $338.15.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and confident guidance: Adobe reported Q1 results and guidance that topped expectations, reinforcing near-term revenue and margin visibility — a key catalyst supporting the rally. Read More.
• Positive Sentiment: $25 billion buyback: The Board authorized a $25B repurchase program (~24.9% of shares outstanding), which supports EPS, reduces float and signals management confidence — a material capital-return tailwind. Read More.
• Positive Sentiment: AI/product momentum: Adobe is pushing agentic and creative AI (Firefly public launch, Summit announcements and third?party integrations like Anthropic/Claude), which expands stickiness for Creative Cloud and enterprise CX offerings. These product moves support longer?term growth expectations. Read More. and Read More.
• Neutral Sentiment: Valuation debate and YTD weakness: Commentary asks whether the ~26% YTD decline creates a buying opportunity or reflects genuine execution/valuation concerns — useful for longer?term investors assessing risk/reward. Read More.
• Neutral Sentiment: Analyst/peer context: Comparative analysis versus peers (e.g., Salesforce) highlights steady revenue but differences in margin/scale — relevant for relative valuation and sector allocation but not an immediate stock mover. Read More.
• Neutral Sentiment: Options/trader interest: Elevated option strategies and trading writeups are driving short?term flows and volatility but don’t alter fundamentals. Read More.
• Negative Sentiment: Insider sale: CEO Shantanu Narayen sold 75,000 shares (~$18.3M disclosed), which can unsettle some investors even if the sale is personal or pre?planned. Read More.
• Negative Sentiment: Legal/litigation risk: An investor lawsuit alleges copyright issues around AI training data — potential reputational, regulatory and litigation exposure that could pressure sentiment if it escalates. Read More.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on 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 transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 77,091 shares of company stock worth $18,782,773. Company insiders own 0.20% of the company’s stock.

Adobe Stock Performance

ADBE opened at $250.71 on Monday. The firm has a market cap of $101.34 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.98 and a beta of 1.42. The business has a fifty day simple moving average of $250.36 and a 200-day simple moving average of $296.63. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating 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%.Adobe’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $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 analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its board has initiated a share 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 repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.