Adobe Inc. $ADBE Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 16.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,496 shares of the software company’s stock after selling 2,653 shares during the quarter. Simon Quick Advisors LLC’s holdings in Adobe were worth $3,281,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new stake in Adobe during the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe in the third quarter worth about $27,000. Beacon Financial Strategies CORP purchased a new stake in shares of Adobe during the 4th quarter worth about $28,000. Finally, Marquette Asset Management LLC boosted its stake in shares of Adobe by 72.3% during the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent analyst reports. Mizuho lowered their price target on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Dbs Bank downgraded Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Finally, Evercore set a $225.00 price target on shares of Adobe and gave the company an “in-line” rating in a research note on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $275.00.

Adobe Trading Up 0.8%

ADBE stock opened at $237.25 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $376.16. The business’s 50-day moving average is $228.58 and its 200 day moving average is $256.19. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock has a market cap of $94.31 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.79 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business 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. On average, sell-side analysts anticipate that Adobe Inc. will post 19.81 EPS for the current fiscal year.

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

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following 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 SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last 90 days. 0.20% of the stock is owned by company insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Multiple reports highlight Adobe’s attractive valuation, with some investors viewing the selloff as creating a buying opportunity and even raising the possibility that the company could become a takeover target. Is Adobe (ADBE) a Takeover Target? Rumors Are Swirling
• Positive Sentiment: Adobe was compared favorably with Autodesk on revenue trends, with Adobe showing larger scale and consistent quarter-over-quarter growth over the last eight quarters, which supports the case for durable business momentum. Adobe vs. Autodesk: What Revenue Trends Reveal About These Software Stocks
• Positive Sentiment: Several pieces frame Adobe as a potential beneficiary of the market’s reassessment of software stocks, arguing that AI is pressuring recurring-revenue models but that strong companies like Adobe are adapting and may emerge as relative winners. How to Find the Bargains in the Software Stock Wreckage
• Positive Sentiment: Commentary on Adobe’s “compelling valuation” and “generational buying opportunity” suggests investors are increasingly seeing the stock as undervalued despite intensifying competition. Adobe: Compelling Valuation Even Amid Intensifying Competition
• Positive Sentiment: Broader software-sector analysis also points to Adobe as having real competitive moats that AI may not easily replace, reinforcing confidence in the company’s long-term positioning. Alpha Buying: The Real Moats AI Can’t Replace
• Neutral Sentiment: Additional coverage on e-commerce and digital media trends mentions Adobe’s AI-related efforts, including its acquisition of Rephrase.AI, but the article is more about industry innovation than a direct catalyst for the stock. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Negative Sentiment: One article noted that an open-source browser-based PDF toolkit can replace Adobe Acrobat, highlighting ongoing competitive pressure in one of Adobe’s core product areas. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Adobe 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.