Adobe Inc. $ADBE Shares Bought by Seizert Capital Partners LLC

Key Points

• Seizert Capital boosted its Adobe stake by 30.6%, buying 36,992 shares to hold 157,715 shares worth $55.20M, while institutional investors collectively own about 81.8% of ADBE.
• $25 billion buyback authorized and Adobe reported a Q1 beat with confident guidance, plus continued AI/product momentum—key catalysts supporting the stock rally and longer‑term growth expectations.
• Offsetting positives, insiders (including the CEO and CFO) have sold shares recently and an investor lawsuit over AI training data raises legal and reputational risk that could weigh on sentiment.

Seizert Capital Partners LLC lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,715 shares of the software company's stock after buying an additional 36,992 shares during the period. Adobe comprises 2.3% of Seizert Capital Partners LLC's investment portfolio, making the stock its 14th biggest holding. Seizert Capital Partners LLC's holdings in Adobe were worth $55,199,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ADBE. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $1,981,448,000 after acquiring an additional 1,952,994 shares during the period. Dodge & Cox lifted its holdings in Adobe by 8,006.6% in the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company's stock valued at $562,109,000 after acquiring an additional 1,573,849 shares during the period. AQR Capital Management LLC boosted its position in shares of Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company's stock worth $912,705,000 after purchasing an additional 920,353 shares in the last quarter. Amundi grew its stake in shares of Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company's stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company's stock worth $469,467,000 after purchasing an additional 710,357 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and confident guidance: Adobe reported Q1 results and guidance that topped expectations, reinforcing near-term revenue and margin visibility — a key catalyst supporting the rally. Read More.
• Positive Sentiment: $25 billion buyback: The Board authorized a $25B repurchase program (~24.9% of shares outstanding), which supports EPS, reduces float and signals management confidence — a material capital-return tailwind. Read More.
• Positive Sentiment: AI/product momentum: Adobe is pushing agentic and creative AI (Firefly public launch, Summit announcements and third‑party integrations like Anthropic/Claude), which expands stickiness for Creative Cloud and enterprise CX offerings. These product moves support longer‑term growth expectations. Read More. and Read More.
• Neutral Sentiment: Valuation debate and YTD weakness: Commentary asks whether the ~26% YTD decline creates a buying opportunity or reflects genuine execution/valuation concerns — useful for longer‑term investors assessing risk/reward. Read More.
• Neutral Sentiment: Analyst/peer context: Comparative analysis versus peers (e.g., Salesforce) highlights steady revenue but differences in margin/scale — relevant for relative valuation and sector allocation but not an immediate stock mover. Read More.
• Neutral Sentiment: Options/trader interest: Elevated option strategies and trading writeups are driving short‑term flows and volatility but don’t alter fundamentals. Read More.
• Negative Sentiment: Insider sale: CEO Shantanu Narayen sold 75,000 shares (~$18.3M disclosed), which can unsettle some investors even if the sale is personal or pre‑planned. Read More.
• Negative Sentiment: Legal/litigation risk: An investor lawsuit alleges copyright issues around AI training data — potential reputational, regulatory and litigation exposure that could pressure sentiment if it escalates. Read More.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares of the company's stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company's stock, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last ninety days. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. KeyCorp decreased their price objective on shares of Adobe from $310.00 to $235.00 and set an "underweight" rating on the stock in a report on Friday, March 13th. BMO Capital Markets reduced their price target on shares of Adobe from $375.00 to $285.00 and set a "market perform" rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada lowered their price target on Adobe from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Friday, April 17th. HSBC set a $302.00 price objective on Adobe in a report on Friday, February 13th. Finally, William Blair lowered Adobe from an "outperform" rating to a "market perform" rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $338.15.

Adobe Price Performance

ADBE stock opened at $250.71 on Monday. The stock's 50 day moving average price is $250.36 and its 200 day moving average price is $296.63. The firm has a market cap of $101.34 billion, a P/E ratio of 14.60, a PEG ratio of 0.98 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 1 year low of $224.13 and a 1 year high of $422.95.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $6.40 billion for 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 business's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $5.08 earnings per share. 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 expect that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its board has approved a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.

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