Adobe Inc. $ADBE Stake Lessened by Flossbach Von Storch SE

Key Points

• Flossbach Von Storch SE reduced its Adobe stake by 32.1%, selling 16,611 shares in Q4 and now holds 35,103 shares valued at about $12.29 million per its latest 13F filing.
• Adobe authorized a $25 billion share buyback (up to 24.9% of outstanding shares) and is pushing generative‑AI product upgrades, though analyst views are mixed and a Mizuho downgrade to $270 has weighed on the stock.
• CFO Daniel Durn sold 1,336 shares at an average of $248.02 (a 3.02% reduction in his position); institutional ownership remains high (~81.8%) and the shares were trading down roughly 2.5% near $239.

Flossbach Von Storch SE lowered its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,103 shares of the software company's stock after selling 16,611 shares during the period. Flossbach Von Storch SE's holdings in Adobe were worth $12,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Riverbend Wealth Management LLC raised its position in Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company's stock valued at $588,000 after buying an additional 29 shares during the period. Beacon Financial Advisory LLC boosted its position in Adobe by 5.5% during the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company's stock worth $204,000 after acquiring an additional 30 shares during the period. MCF Advisors LLC boosted its position in Adobe by 20.8% during the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company's stock worth $61,000 after acquiring an additional 30 shares during the period. Brookwood Investment Group LLC grew its stake in Adobe by 4.4% during the 3rd quarter. Brookwood Investment Group LLC now owns 734 shares of the software company's stock valued at $259,000 after acquiring an additional 31 shares in the last quarter. Finally, New Republic Capital LLC increased its holdings in shares of Adobe by 5.6% in the 3rd quarter. New Republic Capital LLC now owns 582 shares of the software company's stock valued at $205,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 81.79% of the company's stock.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe authorized a new $25 billion share‑repurchase program, a large buyback that should support EPS and signal management confidence; this is a constructive capital‑allocation catalyst for holders. Adobe Leads 3 Big Buyback Programs
• Positive Sentiment: Product and AI momentum: Adobe is rolling out generative AI advances (GenStudio upgrades, Firefly assistant public beta) and expanding agentic AI integrations with partners such as NVIDIA and WPP — developments that support long‑term product differentiation and enterprise adoption. Adobe Announces Upgrades to GenStudio
• Neutral Sentiment: Analyst views and valuation are mixed: Wall Street price targets vary widely (median shown near $320) and public forum debate highlights both attractive forward multiples/buyback support and real execution/competition risk — this creates divergent investor opinions rather than a single clear direction. ADBE Opinions on Mizuho Downgrade
• Negative Sentiment: Mizuho downgraded ADBE from Outperform/Strong‑Buy to Neutral/Hold and cut its price target to $270 (from $315), citing weaker conviction amid escalating AI‑driven competition in prosumer/small‑business markets and limited near‑term catalysts — the downgrade has triggered selling pressure and is the primary driver of today’s weakness. Mizuho Resets Adobe Stock Price Target

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research analyst reports. Oppenheimer reissued a "market perform" rating on shares of Adobe in a research report on Friday, March 13th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research note on Wednesday, January 14th. William Blair downgraded shares of Adobe from an "outperform" rating to a "market perform" rating in a research report on Thursday, March 26th. JPMorgan Chase & Co. decreased their target price on shares of Adobe from $520.00 to $420.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. Finally, TD Cowen lowered their price target on shares of Adobe from $400.00 to $325.00 and set a "hold" rating on the stock in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $338.15.

Adobe Trading Down 2.5%

Shares of NASDAQ ADBE opened at $239.31 on Tuesday. The business has a 50 day simple moving average of $251.36 and a 200 day simple moving average of $298.60. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. The stock has a market cap of $96.73 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.96 and a beta of 1.52. 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 (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm 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, research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a stock buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are 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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