Mitsubishi UFJ Trust & Banking Corp Trims Holdings in Adobe Inc. $ADBE

Key Points

• Mitsubishi UFJ Trust & Banking trimmed its Adobe stake by 27.1% in Q4, selling 132,466 shares and now holding 355,781 shares worth about $124.52 million (≈0.09% of the company).
• Adobe authorized a $25 billion share buyback (up to 24.9% of outstanding shares) and beat quarterly estimates with EPS $6.06 vs. $5.87 and revenue $6.40B, while guiding FY26 EPS to 23.30–23.50.
• Analyst sentiment is mixed with several price-target cuts and downgrades—MarketBeat shows a consensus Hold and average target of $338.15—which, together with sector weakness and AI concerns, has weighed on the stock (recently down ~2.5%).

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,781 shares of the software company's stock after selling 132,466 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Adobe worth $124,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company's stock worth $14,593,054,000 after buying an additional 344,816 shares during the last quarter. State Street Corp lifted its position in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company's stock worth $7,277,941,000 after acquiring an additional 352,448 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company's stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Amundi increased its holdings in shares of Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company's stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Adobe by 9.4% during the third quarter. Invesco Ltd. now owns 4,821,688 shares of the software company's stock worth $1,700,850,000 after purchasing an additional 414,526 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ADBE. Royal Bank Of Canada decreased their price target on Adobe from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Friday, April 17th. BMO Capital Markets dropped their price objective on shares of Adobe from $375.00 to $285.00 and set a "market perform" rating on the stock in a research note on Friday, March 13th. Barclays cut shares of Adobe from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $335.00 to $275.00 in a research note on Friday, March 13th. Piper Sandler lowered their target price on shares of Adobe from $330.00 to $280.00 and set a "neutral" rating on the stock in a report on Friday, March 13th. Finally, Summit Redstone set a $350.00 price target on shares of Adobe in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Adobe currently has a consensus rating of "Hold" and an average price target of $338.15.

Adobe Trading Down 2.5%

NASDAQ:ADBE opened at $239.31 on Tuesday. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average price of $251.36 and a two-hundred day moving average price of $298.60. The stock has a market capitalization of $96.73 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.96 and a beta of 1.52.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The company 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 business's revenue was up 12.0% on a year-over-year basis. During the same period 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, sell-side analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has authorized a share repurchase program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is rolling out major AI product upgrades that reinforce its content‑creation moat — public beta of the Firefly AI Assistant with cross‑app workflow automation and upgrades to GenStudio/agentic content workflows could boost product stickiness and enterprise adoption. Adobe launches Firefly AI Assistant public beta with cross-app workflow automation
• Positive Sentiment: Strategic partnerships and capital returns: Adobe is deepening ties with Nvidia/WPP/Omnicom to integrate agentic AI into marketing stacks and recently authorized a $25B buyback — both support long‑term monetization of AI features and signal management confidence in cash flow. NVIDIA (NVDA), Adobe (ADBE), WPP Expand Partnership to Integrate Agentic AI into Marketing
• Neutral Sentiment: Analyst views are mixed: price targets and ratings vary widely (median targets near $320 but multiple cuts and low targets exist), creating volatility as investors reassess near‑term growth and margin prospects. Adobe Stock (ADBE) Opinions on Mizuho Downgrade
• Neutral Sentiment: Context — software sector weakness: Adobe is down materially year‑to‑date alongside peers, so broader sector flows and momentum are amplifying stock moves even when company fundamentals show progress. Which Software Stock Has Been the Worst Performer in 2026: Adobe, Salesforce, or ServiceNow?
• Negative Sentiment: Mizuho downgraded ADBE to Neutral from Outperform and cut its target to $270 (from $315) citing increased AI competition in prosumer/small‑business segments and limited near‑term catalysts — that downgrade is the immediate catalyst for today’s selling pressure. Adobe Downgraded Despite AI Updates. The Stock Drops.
• Negative Sentiment: Macro/strategic risk: prominent voices (e.g., Bridgewater CIO) warn AI could be an existential threat to legacy software business models, adding to investor anxiety about disruption and margin pressure across incumbents like Adobe. Bridgewater CIO says AI poses existential threat to software firms

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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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