Natixis Advisors LLC Sells 86,264 Shares of Adobe Inc. $ADBE

Natixis Advisors LLC trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 31.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,554 shares of the software company’s stock after selling 86,264 shares during the period. Natixis Advisors LLC’s holdings in Adobe were worth $65,992,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock valued at $14,593,054,000 after purchasing an additional 344,816 shares during the last quarter. State Street Corp lifted its stake in shares of Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after acquiring an additional 352,448 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Adobe by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after acquiring an additional 414,049 shares during the last quarter. Norges Bank bought a new stake in shares of Adobe during the 4th quarter worth approximately $2,275,165,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 acquiring an additional 1,952,994 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Trading Down 4.3%

ADBE opened at $262.11 on Wednesday. The firm has a market cap of $105.94 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.07 and a beta of 1.42. 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 12 month low of $224.13 and a 12 month high of $421.48. The stock has a fifty day moving average price of $244.67 and a 200-day moving average price of $283.66.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) 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 company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company posted $5.08 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, equities research analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

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

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several reports say Adobe could beat estimates again in its next earnings report, citing its strong track record of earnings surprises and favorable setup going into the June 11 release. Will Adobe (ADBE) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Investor interest has increased after Michael Burry was reported to view Adobe as an attractive AI opportunity with valuation upside, reinforcing the idea that the stock may be undervalued relative to its AI potential. Michael Burry Sees Adobe As AI Fat Pitch With Valuation Upside
• Positive Sentiment: Adobe and Nvidia-related coverage highlighted a broader software rally driven by AI demand, including faster Photoshop and Premiere performance on Nvidia RTX Spark systems, which supports the investment case for Adobe’s creative software franchise. Adobe x Nvidia RTX Spark: Photoshop, Premiere get 2x AI speed boost
• Neutral Sentiment: Adobe confirmed it will report second-quarter FY2026 results on June 11, putting the spotlight on guidance and AI execution rather than any immediate operational news. Adobe to Announce Q2 FY2026 Earnings Results on June 11, 2026
• Neutral Sentiment: Coverage also noted that Adobe India MD Prativa Mohapatra is stepping down after nearly five years, and that CEO Shantanu Narayen plans to exit after nearly two decades, raising questions about leadership continuity but not signaling an immediate business setback. Adobe India MD Prativa Mohapatra to leave after a nearly five-year stint
• Negative Sentiment: The CEO transition has put Adobe’s AI strategy and valuation under a brighter spotlight, and some investors may see the leadership change as added uncertainty at a time when competition in AI tools is intensifying. Adobe CEO Exit Puts AI Strategy And Valuation In The Spotlight

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ADBE shares. Sanford C. Bernstein set a $447.00 price target on Adobe and gave the stock an “outperform” rating in a research note on Friday, March 13th. The Goldman Sachs Group decreased their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Royal Bank Of Canada decreased their price target on Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Mizuho reissued a “neutral” rating and set a $270.00 price target (down from $315.00) on shares of Adobe in a research note on Monday, April 27th. Finally, TD Cowen decreased their price target on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $338.15.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Adobe Company 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.