Adobe Inc. $ADBE Shares Bought by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its Adobe stake by 11.8% in the first quarter, buying 18,046 additional shares and bringing its total holdings to 170,659 shares worth about $41.5 million.
• Adobe reported better-than-expected quarterly results, with EPS of $5.96 and revenue of $6.62 billion, while revenue rose 12.7% year over year. Management also guided FY2026 EPS above consensus and authorized a $25 billion share buyback.
• Despite the solid results, sentiment remains mixed: analysts currently rate the stock a Hold on average, and the shares have fallen sharply from their 52-week high as investors weigh growth concerns and recent downgrades.

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 11.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,659 shares of the software company's stock after buying an additional 18,046 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Adobe were worth $41,484,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Adobe in the fourth quarter valued at about $2,275,165,000. Arrowstreet Capital Limited Partnership boosted 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 in the last quarter. Dodge & Cox boosted its stake in shares of Adobe by 8,006.6% during the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company's stock worth $562,109,000 after acquiring an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company's stock worth $912,705,000 after acquiring an additional 920,353 shares during the period. Finally, Amundi grew its holdings in shares of Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company's stock worth $1,711,583,000 after acquiring an additional 742,646 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Price Performance

NASDAQ:ADBE opened at $195.64 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $392.58. The firm has a market cap of $77.77 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. The company's 50-day moving average is $240.37 and its two-hundred day moving average is $274.47. The company has a current ratio of 0.75, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts' consensus estimates of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Research analysts expect that Adobe Inc. will post 19.73 EPS for the current year.

Adobe announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BTIG Research assumed coverage on Adobe in a report on Monday, April 13th. They set a "neutral" rating for the company. UBS Group set a $365.00 target price on Adobe in a report on Friday, June 12th. Mizuho dropped their price target on Adobe from $270.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, June 12th. Jefferies Financial Group dropped their price target on Adobe from $290.00 to $230.00 and set a "hold" rating for the company in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Adobe in a research report on Friday, March 13th. Five research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $278.16.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its Creative Agent and Firefly AI tools across Photoshop, Premiere, Illustrator, InDesign, and Frame.io, which could improve user productivity and support future monetization through deeper AI integration. Article Title
• Positive Sentiment: Adobe also announced an AI skills initiative with LinkedIn, reinforcing its positioning in the growing enterprise AI training and marketing workflow market. Article Title
• Neutral Sentiment: Adobe’s latest quarterly results beat expectations and management issued FY2026 guidance above consensus, but the stock has still lagged as investors question whether growth can reaccelerate enough to justify the valuation.
• Neutral Sentiment: Commentary from Jim Cramer was mixed, with a cautious tone around Adobe’s future because of competition and uncertainty about the company’s longer-term growth path. Article Title
• Negative Sentiment: Freedom Broker downgraded Adobe to Hold from Buy and sharply cut its price target, highlighting concerns that the post-earnings setup is less compelling than before. Article Title
• Negative Sentiment: Separate coverage noted Adobe stock falling alongside other software names amid a broader selloff in subscription software, suggesting the market is rotating away from the group despite solid fundamentals. Article Title

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the business's stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction 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 in the company, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 77,091 shares of company stock valued at $18,782,773. Company insiders own 0.20% of the company's stock.

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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