Adobe Inc. $ADBE Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in Adobe Inc. (NASDAQ:ADBE) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,359 shares of the software company’s stock after selling 2,142 shares during the quarter. Stephens Inc. AR’s holdings in Adobe were worth $8,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its stake in shares of Adobe by 8.4% during the 4th quarter. AlphaCore Capital LLC now owns 4,964 shares of the software company’s stock valued at $1,737,000 after acquiring an additional 386 shares during the last quarter. Lockheed Martin Investment Management Co. increased its stake in shares of Adobe by 65.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 30,650 shares of the software company’s stock valued at $10,727,000 after acquiring an additional 12,090 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in shares of Adobe by 12.0% during the 4th quarter. Applied Finance Capital Management LLC now owns 92,754 shares of the software company’s stock valued at $32,463,000 after acquiring an additional 9,973 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Adobe by 109.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 38,013 shares of the software company’s stock valued at $13,304,000 after acquiring an additional 19,869 shares during the last quarter. Finally, Dash Acquisitions Inc. increased its stake in shares of Adobe by 91.3% during the 4th quarter. Dash Acquisitions Inc. now owns 46,932 shares of the software company’s stock valued at $16,426,000 after acquiring an additional 22,395 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADBE shares. UBS Group dropped their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Summit Redstone set a $350.00 price objective on shares of Adobe in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adobe in a research note on Friday, March 13th. Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Adobe in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average price target of $338.15.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction that occurred 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 owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction that occurred 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 owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last 90 days. 0.20% of the stock is owned by company insiders.

Adobe News Roundup

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

Adobe Stock Up 4.5%

Shares of NASDAQ:ADBE opened at $247.60 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The stock has a market capitalization of $100.08 billion, a P/E ratio of 14.42, a PEG ratio of 0.97 and a beta of 1.42. The stock has a 50-day simple moving average of $247.93 and a 200-day simple moving average of $290.83.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current 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 reacquire up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are 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.