Legal & General Group Plc Purchases 40,738 Shares of Adobe Inc. $ADBE

Legal & General Group Plc increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,182,773 shares of the software company’s stock after acquiring an additional 40,738 shares during the quarter. Legal & General Group Plc’s holdings in Adobe were worth $1,113,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HBK Sorce Advisory LLC grew its position in Adobe by 4.6% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,563 shares of the software company’s stock worth $897,000 after acquiring an additional 113 shares during the last quarter. Allen Capital Group LLC grew its position in Adobe by 4.5% during the 4th quarter. Allen Capital Group LLC now owns 7,169 shares of the software company’s stock worth $2,509,000 after acquiring an additional 309 shares during the last quarter. Todd Asset Management LLC grew its position in Adobe by 17.5% during the 4th quarter. Todd Asset Management LLC now owns 72,026 shares of the software company’s stock worth $25,208,000 after acquiring an additional 10,743 shares during the last quarter. Lathrop Investment Management Co. grew its position in Adobe by 1.1% during the 4th quarter. Lathrop Investment Management Co. now owns 27,475 shares of the software company’s stock worth $9,616,000 after acquiring an additional 300 shares during the last quarter. Finally, Delta Asset Management LLC TN grew its position in Adobe by 1.2% during the 4th quarter. Delta Asset Management LLC TN now owns 25,927 shares of the software company’s stock worth $9,074,000 after acquiring an additional 314 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADBE shares. UBS Group reduced their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Summit Redstone set a $350.00 price target on Adobe in a research report on Friday, April 17th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has an average rating of “Hold” and an average price target of $338.15.

Adobe Price Performance

Shares of ADBE stock opened at $244.76 on Monday. The firm has a market cap of $98.93 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.95 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $421.48. The business’s 50 day moving average price is $245.05 and its 200-day moving average price is $287.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The firm 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 business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities research analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its board has approved 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 buy up to 24.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is getting fresh buzz from its deeper integration with Google Gemini, including the ability for users to access Photoshop and Premiere Pro tools inside the AI assistant. That could expand Adobe’s reach and strengthen demand for its creative software. Article Title
• Positive Sentiment: Articles highlighting Adobe’s Digital Experience business say the company is well positioned to benefit from the digital content boom, with Experience Cloud and AI tools like Firefly and Sensei serving demand in ads and e-commerce. Article Title
• Positive Sentiment: Some market commentary argues Adobe looks inexpensive relative to its growth outlook after the broad software selloff, which may be attracting value-oriented investors. Article Title
• Neutral Sentiment: Additional coverage says Adobe is using agentic AI to defend its software moat, reinforcing the view that management is leaning into AI to support its competitive position. Article Title
• Negative Sentiment: One market recap noted Adobe stock fell in the latest session while the broader market advanced, underscoring continued volatility and investor caution around the name. Article Title
• Negative Sentiment: Governance-related headlines are also adding a small overhang, with renewed attention on trading activity tied to Adobe shares amid existing shareholder litigation. Article Title

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the firm’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 completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by insiders.

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.