Ceera Investments LLC Sells 4,318 Shares of Adobe Inc. $ADBE

Ceera Investments LLC trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 22.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,143 shares of the software company’s stock after selling 4,318 shares during the period. Adobe makes up about 2.0% of Ceera Investments LLC’s investment portfolio, making the stock its 13th biggest position. Ceera Investments LLC’s holdings in Adobe were worth $5,300,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $26,000. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe during the 4th quarter valued at about $26,000. Caitlin John LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of Adobe during the 4th quarter valued at about $28,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the 3rd quarter valued at about $27,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADBE has been the topic of several recent research reports. Royal Bank Of Canada decreased their target price on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Mizuho reiterated a “neutral” rating and set a $270.00 target price (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. William Blair lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Citigroup restated a “neutral” rating on shares of Adobe in a research note on Friday, April 10th. Finally, UBS Group reduced their target price on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $338.15.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $244.76 on Tuesday. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $421.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company’s fifty day moving average is $244.55 and its 200-day moving average is $286.47. The company has a market capitalization of $98.93 billion, a PE ratio of 14.26, a P/E/G ratio of 0.95 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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 research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Adobe Company 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.