Adobe Inc. $ADBE Shares Sold by KBC Group NV

Key Points

• KBC Group NV trimmed its stake in Adobe by 15.6% in Q4, selling 63,595 shares and ending the quarter with 345,178 shares (about 0.08% of the company) worth roughly $120.8 million.
• Adobe beat quarterly estimates with $6.06 EPS and $6.40 billion in revenue (revenue up 12% YoY) and set FY2026 guidance of $23.30–$23.50 EPS; the stock trades near $244.66 with a market cap around $98.9 billion and a consensus analyst rating of "Hold" (target ~$343.88).
• Product momentum includes the launch of the Firefly AI Assistant and an integration with Anthropic’s Claude to commercialize generative AI across Creative Cloud, though Adobe faces competitive threats (including Anthropic’s own design tool) and recent security‑related headlines.

KBC Group NV lowered its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 345,178 shares of the software company's stock after selling 63,595 shares during the quarter. KBC Group NV owned about 0.08% of Adobe worth $120,809,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company's stock worth $14,593,054,000 after acquiring an additional 344,816 shares during the period. State Street Corp raised its stake in shares of 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 period. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 purchasing an additional 1,952,994 shares in the last quarter. Amundi lifted its position in shares of Adobe by 17.9% during the third 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Adobe by 9.4% in 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 period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Trading Up 3.8%

NASDAQ ADBE opened at $244.66 on Thursday. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $98.89 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The company's fifty day moving average price is $254.34 and its two-hundred day moving average price is $304.77.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein set a $447.00 price target on shares of Adobe and gave the company an "outperform" rating in a report on Friday, March 13th. Citigroup reissued a "neutral" rating on shares of Adobe in a research report on Friday, April 10th. Royal Bank Of Canada restated an "outperform" rating and set a $430.00 target price on shares of Adobe in a research note on Monday, March 9th. Jefferies Financial Group dropped their target price on Adobe from $400.00 to $290.00 and set a "hold" rating on the stock in a research report on Monday, February 23rd. Finally, UBS Group cut their price target on Adobe from $340.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $343.88.

Insiders Place Their Bets

In related news, CFO Daniel Durn sold 1,646 shares of the business's stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer directly owned 41,995 shares of the company's stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled the Firefly AI Assistant — a conversational creative agent that can orchestrate tasks across Photoshop, Premiere Pro and other Creative Cloud apps, positioning Adobe to commercialize generative AI across its suite. Adobe releases AI assistant for creative tools, says it will work with Anthropic's Claude
• Positive Sentiment: Adobe announced a connector to Anthropic’s Claude so Firefly capabilities will be available via Claude users — a strategic partnership that reduces friction vs. competing AI‑only entrants and may accelerate enterprise adoption. Adobe to Integrate New AI Assistant With Anthropic's Claude
• Positive Sentiment: Product innovation continues: Adobe previewed new editing features (Premiere Pro Color Mode) and Firefly updates that reinforce its competitive moat in pro video/photo workflows — positive for retention and upsell in Creative Cloud. Adobe Premiere Color Mode First Look
• Neutral Sentiment: Adobe announced an investor session at Adobe Summit (Apr 21) where execs will outline strategy and product roadmaps — a near‑term event where management could provide additional details that move the stock. Adobe to Host Investor Session at Adobe Summit
• Neutral Sentiment: Partnerships and ecosystem integrations (e.g., Talon.One with Adobe Experience Platform) expand Adobe’s enterprise footprint but are incremental near‑term revenue drivers. Talon.One Releases Integration With Adobe Experience Platform
• Negative Sentiment: Anthropic is reportedly preparing its own AI design tool (websites, presentations) that would compete directly with Adobe and Figma — a potential long‑term competitive threat to Creative Cloud usage. Anthropic’s New Design Tool Rivals Adobe and Figma
• Negative Sentiment: Adobe issued an emergency patch for a PDF/Acrobat zero‑day that had been exploited — a reminder of security risk exposure; the quick fix limits downside but is a short‑term negative headline. Adobe rolls out emergency fix for Acrobat, Reader zero-day flaw
• Negative Sentiment: Competitive product moves (e.g., Blackmagic DaVinci Resolve adding photo editing capabilities) increase pressure on Adobe’s standalone creative products, particularly among price‑sensitive users. Blackmagic's DaVinci Resolve 21 takes on Adobe Lightroom with a new Photo page

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.

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