Adobe Inc. $ADBE Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 61.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,768 shares of the software company’s stock after purchasing an additional 4,079 shares during the quarter. Global Retirement Partners LLC’s holdings in Adobe were worth $3,769,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ADBE. Hi Line Capital Management LLC acquired a new position in Adobe during the fourth quarter valued at approximately $7,779,000. Pinkerton Wealth LLC lifted its position in Adobe by 12.6% during the fourth quarter. Pinkerton Wealth LLC now owns 10,024 shares of the software company’s stock valued at $3,508,000 after buying an additional 1,121 shares in the last quarter. ABN Amro Investment Solutions lifted its position in Adobe by 64.5% during the fourth quarter. ABN Amro Investment Solutions now owns 47,150 shares of the software company’s stock valued at $16,502,000 after buying an additional 18,486 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in Adobe during the fourth quarter valued at approximately $2,543,000. Finally, IFP Advisors Inc lifted its position in Adobe by 149.4% during the fourth quarter. IFP Advisors Inc now owns 21,392 shares of the software company’s stock valued at $7,487,000 after buying an additional 12,814 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

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 Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction that occurred 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 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 document filed with the SEC, which is available at the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction that occurred 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 directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADBE. BTIG Research began coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Mizuho reaffirmed a “neutral” rating and set a $270.00 price target (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. Citigroup reissued a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, BMO Capital Markets reduced their price target on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average price target of $338.15.

Adobe Stock Performance

Adobe stock opened at $244.76 on Friday. The stock’s 50 day moving average price is $245.05 and its 200 day moving average price is $287.46. The firm has a market capitalization of $98.93 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. 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 Inc. has a one year low of $224.13 and a one year high of $421.48.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate 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%.Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.