Qsemble Capital Management LP Purchases Shares of 34,236 Adobe Inc. $ADBE

Qsemble Capital Management LP purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,236 shares of the software company’s stock, valued at approximately $11,982,000. Adobe comprises 1.0% of Qsemble Capital Management LP’s portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in Adobe during the third quarter valued at approximately $26,000. Western Pacific Wealth Management LP bought a new position in Adobe during the fourth quarter valued at approximately $26,000. Caitlin John LLC bought a new position in Adobe during the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new position in Adobe during the fourth quarter valued at approximately $28,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Adobe during the third quarter valued at approximately $27,000. 81.79% of the stock is currently owned by institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Analysts Set New Price Targets

A number of analysts have recently weighed in on ADBE shares. Argus reissued a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Piper Sandler dropped their price objective on Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. BTIG Research started coverage on Adobe in a research note on Monday, April 13th. They set a “neutral” rating for the company. Royal Bank Of Canada dropped their price objective on Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $338.15.

Insider Activity

In related news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction dated 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 sale, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 77,091 shares of company stock worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Adobe Stock Performance

Shares of Adobe stock opened at $247.60 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $100.08 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.92 and a beta of 1.42. The business has a fifty day simple moving average of $247.93 and a two-hundred day simple moving average of $290.83. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $5.08 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, equities analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has initiated a share buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are often 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.