Eurizon SLJ Capital Ltd Takes $7.87 Million Position in Adobe Inc. $ADBE

Key Points

• Eurizon SLJ Capital disclosed a new fourth-quarter stake in Adobe, buying 22,483 shares worth about $7.87 million. Adobe now ranks as about 3.1% of the firm’s holdings and its 11th largest position.
• Adobe also saw notable insider selling, including CFO Daniel Durn and CEO Shantanu Narayen, who sold shares in April. Over the last three months, insiders sold 77,091 shares valued at roughly $18.8 million.
• The company recently posted stronger-than-expected quarterly results, authorized a $25 billion share buyback, and continues to draw mixed analyst views, with a consensus rating of Hold and a price target of $338.15.

Eurizon SLJ Capital Ltd bought a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,483 shares of the software company's stock, valued at approximately $7,869,000. Adobe comprises approximately 3.1% of Eurizon SLJ Capital Ltd's holdings, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in ADBE. Brighton Jones LLC raised its holdings in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after buying an additional 167 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock valued at $926,000 after buying an additional 486 shares during the last quarter. United Bank raised its holdings in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company's stock valued at $1,460,000 after buying an additional 428 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock valued at $1,017,000 after buying an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock valued at $1,069,000 after buying an additional 1,813 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 42,833 shares of the company's stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company's stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $259.21 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $104.77 billion, a P/E ratio of 15.10, a PEG ratio of 0.94 and a beta of 1.42. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $421.48. The company has a 50-day moving average price of $244.11 and a 200 day moving average price of $284.39.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm earned $5.08 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Adobe from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Friday, April 17th. Piper Sandler reduced their price objective on shares of Adobe from $330.00 to $280.00 and set a "neutral" rating for the company in a research report on Friday, March 13th. BMO Capital Markets reduced their price objective 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. Dbs Bank downgraded shares of Adobe from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group reduced their price objective on shares of Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $338.15.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group's Data Quadrant Report

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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