Evergreen Private Wealth LLC grew its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 32.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,903 shares of the software company’s stock after buying an additional 6,097 shares during the quarter. Adobe makes up approximately 3.4% of Evergreen Private Wealth LLC’s portfolio, making the stock its 4th biggest position. Evergreen Private Wealth LLC’s holdings in Adobe were worth $8,716,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CX Institutional lifted its holdings in shares of Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after acquiring an additional 11,769 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Adobe by 114.4% in the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after acquiring an additional 5,293 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Adobe by 185.1% in the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after acquiring an additional 583,275 shares during the last quarter. Willis Investment Counsel lifted its holdings in shares of Adobe by 138.9% in the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after acquiring an additional 23,671 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after acquiring an additional 32,448 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Adobe Trading Up 3.5%
NASDAQ:ADBE opened at $255.94 on Thursday. The company has a fifty day moving average of $252.69 and a 200 day moving average of $301.21. 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. The firm has a market capitalization of $103.45 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.96 and a beta of 1.52.
Adobe declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Trending Headlines about Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Board approved a massive $25 billion share repurchase authorization (through Apr 2030) — a large vote of confidence that can reduce share count and support per?share metrics. Adobe Announces New $25 Billion Stock Repurchase Program
- Positive Sentiment: Adobe unveiled an agentic AI suite (CX Enterprise, GenStudio, Firefly enhancements, Experience Manager integrations) and multiple industry partnerships aimed at selling AI into marketing and CX budgets — a potential new enterprise revenue stream. Adobe CX Enterprise Pushes AI Agents Deeper Into Customer Experience Budgets
- Positive Sentiment: High?profile industry support and positive analyst commentary (including public praise from NVIDIA’s CEO) have amplified sentiment that Adobe’s AI initiatives could translate into material commercial momentum. Adobe Unleashed: Why Nvidia’s CEO Says This AI Giant Is the Future of Marketing
- Positive Sentiment: Recent quarterly results showed a revenue and EPS beat, and management set FY26 guidance consistent with durable cash flow — details that support the buyback thesis. Adobe Q1 Results & Guidance
- Neutral Sentiment: Adobe plans outcome?based pricing for parts of its AI suite — could boost monetization if clients see measurable ROI, but execution and scale are still uncertain. Adobe Plans Outcome-Based Pricing for New AI Product Suite
- Neutral Sentiment: Some sell?side analysts remain cautious (Hold/neutral ratings) citing valuation and competitive risk — buyback/product news improve sentiment but don’t eliminate uncertainty. Analyst: AI Ambition and Buybacks Offset by Competitive Pressures
- Negative Sentiment: Competitive pressure is intensifying — new agentic design tools (e.g., Anthropic’s Claude Design) and strong incumbents (Figma) could compress Adobe’s creative workflow franchise and slow adoption or pricing power. As Competition Heats Up, Can Figma Recover?
- Negative Sentiment: Insider selling: CFO Daniel Durn disclosed a modest sale (~1,336 shares) this week — not large relative to total holdings but noted by some investors as a signal to monitor. SEC Form 4 — Daniel Durn
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. HSBC set a $302.00 price objective on shares of Adobe in a report on Friday, February 13th. UBS Group lowered their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, April 17th. The Goldman Sachs Group lowered their price target on shares of Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $335.00 to $275.00 in a report on Friday, March 13th. Finally, Wells Fargo & Company lowered their price target on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $339.88.
View Our Latest Research Report on Adobe
Insider Transactions at Adobe
In other Adobe news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.
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.
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