Twin Capital Management Inc. Has $2.06 Million Stock Holdings in Adobe Inc. $ADBE

Twin Capital Management Inc. lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 32.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,893 shares of the software company’s stock after selling 2,777 shares during the quarter. Twin Capital Management Inc.’s holdings in Adobe were worth $2,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Adobe by 0.8% in the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after buying an additional 344,816 shares during the period. State Street Corp boosted its position in Adobe by 1.7% during the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after purchasing an additional 352,448 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Amundi boosted its position in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Adobe by 9.4% during the third quarter. Invesco Ltd. now owns 4,821,688 shares of the software company’s stock valued at $1,700,850,000 after purchasing an additional 414,526 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its AI creative tools into Google Gemini, letting users access Firefly-powered and other creative workflows inside Gemini. That could broaden Adobe’s reach and reinforce its AI strategy. Adobe for creativity connector expands AI creative workflows to Gemini
• Positive Sentiment: Reports say Gemini will soon be able to edit photos across Lightroom and Photoshop, and that Adobe’s professional tools are being integrated more deeply into Google’s ecosystem. Investors may see this as a distribution win for Adobe’s software suite. Gemini will soon be able to edit photos for you across Lightroom and Photoshop
• Positive Sentiment: Michael Burry reportedly maintained a position in Adobe, which may be helping sentiment around the stock despite his broader warning about an AI bubble. Adobe Inc. (ADBE): Michael Burry Maintains Position

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Citigroup reissued a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. Royal Bank Of Canada reduced their price target on Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays cut Adobe from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $335.00 to $275.00 in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $338.15.

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by corporate insiders.

Adobe Trading Down 0.6%

Adobe stock opened at $253.37 on Thursday. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $102.41 billion, a PE ratio of 14.76, a PEG ratio of 0.99 and a beta of 1.42. The business’s 50-day simple moving average is $246.25 and its 200-day simple moving average is $288.44.

Adobe (NASDAQ:ADBE) last issued its quarterly 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 firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the company posted $5.08 earnings per share. The company’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. Equities research analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has approved a stock repurchase plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.