LGT Fund Management Co Ltd. Invests $3.28 Million in Adobe Inc. $ADBE

LGT Fund Management Co Ltd. purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,500 shares of the software company’s stock, valued at approximately $3,282,000.

Several other hedge funds also recently added to or reduced their stakes in ADBE. State Street Corp increased its stake in Adobe by 1.7% during the third 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Adobe by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after purchasing an additional 414,049 shares during the period. Norges Bank purchased a new position in shares of Adobe during the 4th quarter worth $2,275,165,000. Arrowstreet Capital Limited Partnership increased its position in shares of Adobe by 10.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock worth $2,179,914,000 after purchasing an additional 611,358 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Adobe by 6.2% during the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after purchasing an additional 297,337 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s planned acquisition of Topaz Labs could strengthen its generative AI and video/image editing tools, supporting long-term product differentiation and monetization. Adobe (ADBE) to Acquire Topaz Labs
• Positive Sentiment: Another recent analysis highlighted Adobe’s acquisition of Rephrase.AI as a way to bolster generative AI video capabilities for e-commerce, which could broaden Adobe’s addressable market and improve growth prospects. Adobe’s Strategic Acquisition of Rephrase.AI to Bolster Generative AI Video Capabilities for E-commerce
• Neutral Sentiment: Market commentary from Seeking Alpha and other outlets suggested the stock may be oversold or viewed as a comeback candidate, but these were opinion pieces rather than new fundamentals. Adobe: Market Overreaction Creates A Highly Asymmetric Risk-Reward Opportunity
• Neutral Sentiment: Short-interest data showed no meaningful shares outstanding to short, so it does not appear to be adding real trading pressure or changing the investment case.
• Negative Sentiment: Bank of America reportedly downgraded Adobe to Underperform, arguing that AI tools could pressure Adobe’s growth rather than accelerate it, reinforcing investor concerns about competitive disruption. Bank of America Says AI Will Drag Down Adobe Stock
• Negative Sentiment: Additional headlines about users canceling Adobe Acrobat for cheaper alternatives may add to the narrative that pricing pressure and product substitution remain risks for the company.

Adobe Stock Performance

NASDAQ ADBE opened at $223.64 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $88.90 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.75 and a beta of 1.43. The stock has a 50-day moving average of $230.84 and a two-hundred day moving average of $259.85. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $376.16.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, analysts anticipate that Adobe Inc. will post 19.8 EPS for the current year.

Adobe declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Wolfe Research cut shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. BTIG Research began coverage on shares of Adobe in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $275.00.

Insider Buying and Selling at Adobe

In related news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the transaction, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the 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 in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

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.