Teacher Retirement System of Texas Buys 25,435 Shares of Adobe Inc. $ADBE

23 Apr 2026, 09:28 by Renee Jackson · The Cerbat Gem

Teacher Retirement System of Texas raised its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,611 shares of the software company’s stock after buying an additional 25,435 shares during the quarter. Teacher Retirement System of Texas’ holdings in Adobe were worth $75,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADBE. Measured Wealth Private Client Group LLC bought a new position in Adobe in the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Adobe in the third quarter valued at approximately $27,000. Caitlin John LLC bought a new position in Adobe in the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new position in Adobe in the fourth quarter valued at approximately $28,000. Finally, Marquette Asset Management LLC lifted its stake in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Board approved a massive $25 billion share repurchase authorization (through Apr 2030) — a large vote of confidence that can reduce share count and support per‑share metrics. Adobe Announces New $25 Billion Stock Repurchase Program
Positive Sentiment: Adobe unveiled an agentic AI suite (CX Enterprise, GenStudio, Firefly enhancements, Experience Manager integrations) and multiple industry partnerships aimed at selling AI into marketing and CX budgets — a potential new enterprise revenue stream. Adobe CX Enterprise Pushes AI Agents Deeper Into Customer Experience Budgets
Positive Sentiment: High‑profile industry support and positive analyst commentary (including public praise from NVIDIA’s CEO) have amplified sentiment that Adobe’s AI initiatives could translate into material commercial momentum. Adobe Unleashed: Why Nvidia’s CEO Says This AI Giant Is the Future of Marketing
Positive Sentiment: Recent quarterly results showed a revenue and EPS beat, and management set FY26 guidance consistent with durable cash flow — details that support the buyback thesis. Adobe Q1 Results & Guidance
Neutral Sentiment: Adobe plans outcome‑based pricing for parts of its AI suite — could boost monetization if clients see measurable ROI, but execution and scale are still uncertain. Adobe Plans Outcome-Based Pricing for New AI Product Suite
Neutral Sentiment: Some sell‑side analysts remain cautious (Hold/neutral ratings) citing valuation and competitive risk — buyback/product news improve sentiment but don’t eliminate uncertainty. Analyst: AI Ambition and Buybacks Offset by Competitive Pressures
Negative Sentiment: Competitive pressure is intensifying — new agentic design tools (e.g., Anthropic’s Claude Design) and strong incumbents (Figma) could compress Adobe’s creative workflow franchise and slow adoption or pricing power. As Competition Heats Up, Can Figma Recover?
Negative Sentiment: Insider selling: CFO Daniel Durn disclosed a modest sale (~1,336 shares) this week — not large relative to total holdings but noted by some investors as a signal to monitor. SEC Form 4 — Daniel Durn

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADBE. TD Cowen lowered their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a report on Tuesday, March 10th. DA Davidson set a $300.00 price objective on shares of Adobe in a report on Friday, March 13th. Mizuho lowered their price objective on shares of Adobe from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. William Blair downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Finally, Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an “outperform” rating in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $339.88.

Check Out Our Latest Report on ADBE

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $255.94 on Thursday. The firm’s fifty day moving average price is $252.69 and its two-hundred day moving average price is $301.21. The company has a market cap of $103.45 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.96 and a beta of 1.52. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE – Get Free Report) last announced 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. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. Adobe’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to reacquire up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Adobe Company Profile

(Free Report)

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.