Orange Investment Advisors Inc. grew its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,541 shares of the software company’s stock after acquiring an additional 5,254 shares during the period. Adobe accounts for 1.1% of Orange Investment Advisors Inc.’s holdings, making the stock its 22nd biggest holding. Orange Investment Advisors Inc.’s holdings in Adobe were worth $10,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently modified their holdings of the company. Western Pacific Wealth Management LP purchased a new position in Adobe during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new position in Adobe in the third quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe in the 3rd quarter valued at about $27,000. Caitlin John LLC acquired a new position in shares of Adobe during the third quarter worth $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Adobe in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ADBE. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday. KeyCorp decreased their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a report on Friday, March 13th. Stifel Nicolaus lowered their target price on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Argus reiterated a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Finally, UBS Group decreased their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Adobe has an average rating of “Hold” and a consensus price target of $338.15.
Insider Activity
In related news, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.
Adobe Trading Down 3.7%
ADBE stock opened at $244.10 on Friday. 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 market cap of $98.67 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.99 and a beta of 1.42. The business’s 50-day moving average is $245.63 and its 200 day moving average is $287.76.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.
Adobe declared that its board has approved a share repurchase 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
More Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe is expanding its Firefly-powered creative tools into Google Gemini, which could broaden usage of its software and reinforce its position in digital creativity workflows. Adobe Is Bringing Its Firefly-Powered Creative AI Tools Directly Into Google Gemini
- Positive Sentiment: Commentary from 24/7 Wall St. highlighted Adobe as an oversold turnaround idea, arguing the stock’s weakness may be overdone relative to its fundamentals and AI-related revenue prospects. Adobe Price Prediction. A $417 Stock Now at $253 With AI Revenue Tripling. Here Is Our 12 Month Target
- Positive Sentiment: Michael Burry reportedly maintained a position in Adobe, which may signal some contrarian investor confidence in the beaten-down stock. Adobe Inc. (ADBE): Michael Burry Maintains Position
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.
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