Varma Mutual Pension Insurance Co Acquires 21,800 Shares of Adobe Inc. $ADBE

Key Points

• Varma Mutual Pension Insurance Co increased its stake in Adobe by 45.9%, buying an additional 21,800 shares to hold 69,326 shares valued at about $24.26 million at the end of the quarter.
• Adobe approved a $25 billion share repurchase program, authorizing buybacks of up to 24.9% of its stock, a sign the board views shares as potentially undervalued.
• Quarterly results topped estimates—Adobe reported $6.06 EPS vs. $5.87 expected and $6.40 billion in revenue (up 12% YoY), and set FY2026 EPS guidance of 23.30–23.50.

Varma Mutual Pension Insurance Co raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 45.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,326 shares of the software company's stock after acquiring an additional 21,800 shares during the period. Varma Mutual Pension Insurance Co's holdings in Adobe were worth $24,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Brighton Jones LLC grew 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 worth $3,588,000 after purchasing an additional 167 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock worth $926,000 after acquiring an additional 486 shares during the period. United Bank lifted its stake in Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company's stock worth $1,460,000 after acquiring an additional 428 shares during the period. Schnieders Capital Management LLC. lifted its stake in Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock worth $1,017,000 after acquiring an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock worth $1,069,000 after acquiring an additional 1,813 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value 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. The trade was a 17.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was 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 $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last quarter. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho reaffirmed a "neutral" rating and issued a $270.00 price target (down from $315.00) on shares of Adobe in a research note on Monday, April 27th. Citigroup reaffirmed a "neutral" rating on shares of Adobe in a research note on Friday, April 10th. Jefferies Financial Group dropped their price target on Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. KeyCorp dropped their price target on Adobe from $310.00 to $235.00 and set an "underweight" rating for the company in a research note on Friday, March 13th. Finally, William Blair lowered Adobe from an "outperform" rating to a "market perform" rating in a research note on Thursday, March 26th. 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $338.15.

Adobe Price Performance

ADBE opened at $250.71 on Monday. The stock has a 50-day moving average price of $250.36 and a 200-day moving average price of $296.63. 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 firm has a market cap of $101.34 billion, a PE ratio of 14.60, a P/E/G ratio of 0.98 and a beta of 1.42. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $422.95.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe's quarterly revenue was up 12.0% compared to the same quarter last year. 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. Sell-side analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has approved a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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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