Swedbank AB Raises Stock Holdings in Adobe Inc. $ADBE

Key Points

• Swedbank AB raised its stake in Adobe by 2.7% in Q4 to 809,241 shares, worth about $283.2 million and representing roughly 0.20% of the company.
• Adobe approved a $25 billion share buyback (up to 24.9% of shares) and beat quarterly estimates — EPS $6.06 vs. $5.87 and revenue $6.40B — while guiding FY‑2026 EPS to 23.30–23.50, signaling stronger shareholder returns and growth confidence.
• Institutional investors hold about 81.8% of Adobe, insiders sold roughly $19M of stock over the past year, and analysts' consensus is a "Hold" with an average price target of $338.15.

Swedbank AB raised its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 809,241 shares of the software company's stock after buying an additional 21,657 shares during the quarter. Swedbank AB owned about 0.20% of Adobe worth $283,226,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ADBE. Brighton Jones LLC boosted its position in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock worth $3,588,000 after purchasing an additional 167 shares during the period. Sivia Capital Partners LLC raised its position in 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 purchasing an additional 486 shares during the period. United Bank raised its position in 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 purchasing an additional 428 shares during the period. Schnieders Capital Management LLC. lifted its stake in Adobe by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock worth $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Adobe by 190.6% during the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock worth $1,069,000 after purchasing an additional 1,813 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Stock Up 0.7%

Shares of NASDAQ ADBE opened at $255.62 on Wednesday. The stock has a market cap of $103.32 billion, a P/E ratio of 14.89, a PEG ratio of 0.99 and a beta of 1.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95. The business's fifty day simple moving average is $250.30 and its 200-day simple moving average is $296.10.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business posted $5.08 earnings per share. Adobe'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. As a group, equities analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has approved a share repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a $25 billion share buyback; investors view this as management signaling the shares are undervalued, improving EPS and returning cash to shareholders — a clear catalyst supporting the rally. Adobe's $25 Billion Buyback Sends a Clear Signal. Yet Shares Remain Dirt Cheap.
• Positive Sentiment: Adobe finalized the acquisition of Semrush, bolstering its agentic AI and brand-visibility capabilities (SEO, competitive intelligence) that can drive higher-margin services and cross-sell into marketing/business customers. Adobe (ADBE) Finalizes Acquisition of Semrush Holdings to Power Agentic AI Brand Visibility
• Positive Sentiment: Adobe is partnering with Dick’s Sporting Goods to deploy AI “coaches,” showing commercial adoption of Adobe’s AI tools outside core creative suites — a signal of product-market traction and new enterprise use cases. Dick's Partners With Adobe for AI Coaches
• Neutral Sentiment: Media coverage (Zacks, Yahoo) lists ADBE as a “trending” stock; this can boost retail interest and volume but is not a fundamental shift. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Legislative mention (H.R.8499) references Adobe as a potential software provider for campus training/resources; this is peripheral and unlikely to move fundamentals materially. New Bill: Representative Monica De La Cruz introduces H.R. 8499: Saving Lives on Campuses Act of 2026
• Negative Sentiment: Insiders sold roughly US$19M of ADBE shares over the past year; while common for executives to diversify, such sales can create short-term negative sentiment or be interpreted as reduced insider conviction. Adobe Insiders Sold US$19m Of Shares Suggesting Hesitancy

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. DA Davidson set a $300.00 price objective on Adobe in a research note on Friday, March 13th. Morgan Stanley decreased their target price on Adobe from $425.00 to $365.00 and set an "equal weight" rating on the stock in a research note on Friday, March 13th. Royal Bank Of Canada lowered their target price on Adobe from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Friday, April 17th. Jefferies Financial Group dropped their target price on Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research report on Monday, February 23rd. Finally, Wells Fargo & Company cut their price target on shares of Adobe from $420.00 to $405.00 and set an "overweight" rating on the stock in a research note on Monday, March 9th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe presently has an average rating of "Hold" and a consensus price target of $338.15.

Insider Activity

In related news, CFO Daniel Durn sold 1,336 shares of the firm's 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 sale, the chief financial officer owned 42,833 shares of the company's stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction 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 represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by company insiders.

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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