Sienna Gestion Boosts Stake in Adobe Inc. $ADBE

Sienna Gestion lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,935 shares of the software company’s stock after buying an additional 2,769 shares during the quarter. Sienna Gestion’s holdings in Adobe were worth $12,604,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Adobe in the third quarter valued at approximately $26,000. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe in the fourth quarter valued at approximately $26,000. Caitlin John LLC purchased a new stake in shares of Adobe in the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Adobe in the fourth quarter valued at approximately $28,000. Finally, TrustBank purchased a new stake in shares of Adobe in the fourth quarter valued at approximately $28,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction on 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 directly owned 3,521 shares of the company’s stock, valued at $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value 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. 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 over the last three months. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on ADBE. UBS Group set a $365.00 target price on Adobe in a research report on Friday. TD Cowen decreased their target price on Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. KeyCorp decreased their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $200.00 target price (down from $350.00) on shares of Adobe in a research report on Friday. Five research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $278.16.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several analysts and market commentators argue Adobe looks unusually cheap after the selloff, citing valuation below 10x earnings, strong Q2 results, and raised guidance as reasons the stock could recover. Article Title
• Positive Sentiment: Articles from 247WallSt, Seeking Alpha, and other outlets highlight the gap between Adobe’s strong fundamentals and its depressed share price, with some calling it a buying opportunity and assigning significant upside targets. Article Title
• Positive Sentiment: AI product adoption remains a support for the bull case, with reports saying Adobe’s AI tools such as Firefly are gaining users, even if the company still needs to convert that usage into stronger revenue growth. Article Title
• Neutral Sentiment: Some coverage frames the stock as undervalued or a “bargain,” but this is mostly valuation commentary rather than a fresh operational catalyst. Article Title
• Negative Sentiment: Bearish commentary continues to weigh on sentiment, with analysts and options-market-based reports warning that investors still doubt Adobe’s growth durability and AI monetization, which may explain why the stock remains under pressure despite the earnings beat. Article Title
• Negative Sentiment: Ongoing headlines about a “continued deceleration,” “value trap” concerns, and fears around strategic transition risk and leadership changes suggest investors are still skeptical that Adobe can reaccelerate growth soon. Article Title

Adobe Stock Performance

NASDAQ ADBE opened at $206.36 on Tuesday. Adobe Inc. has a fifty-two week low of $196.90 and a fifty-two week high of $405.00. The stock has a market cap of $83.41 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.42. The business has a fifty day moving average of $243.81 and a 200-day moving average of $277.53. The company has a quick ratio of 0.91, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm posted $5.06 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a share buyback program 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 programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Adobe

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.