Hilltop Holdings Inc. Sells 3,274 Shares of Adobe Inc. $ADBE

Hilltop Holdings Inc. trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 50.6% in the first quarter, HoldingsChannel reports. The firm owned 3,195 shares of the software company’s stock after selling 3,274 shares during the quarter. Hilltop Holdings Inc.’s holdings in Adobe were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ADBE. Western Pacific Wealth Management LP bought a new position in shares of Adobe in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the 3rd quarter worth about $26,000. Marquette Asset Management LLC grew its stake in Adobe by 72.3% in the 4th 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 during the last quarter. TrustBank acquired a new position in Adobe in the 4th quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in Adobe in the 4th quarter valued at about $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE stock opened at $225.11 on Monday. The stock has a market cap of $89.48 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $376.16. 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 50 day simple moving average of $226.78 and a 200 day simple moving average of $251.28.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $5.06 EPS. 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, research analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe announced that its Board of Directors has authorized a share buyback program on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADBE. BTIG Research began coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating for the company. Stifel Nicolaus reiterated a “hold” rating and set a $200.00 target price (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. The Goldman Sachs Group dropped their price target on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a report on Friday, June 12th. UBS Group downgraded Adobe from a “buy” rating to an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Citigroup reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus target price of $271.30.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: TipRanks said Adobe looks attractive despite ongoing AI adoption worries, suggesting investors may be focusing on valuation and long-term fundamentals rather than short-term AI fears. Adobe (ADBE) Stock Looks Attractive Even as AI Worries Persist
• Positive Sentiment: CLSA reportedly initiated or reiterated a Moderate Buy rating on Adobe, which can support sentiment by signaling analyst confidence in the stock’s outlook. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Positive Sentiment: Recent coverage highlighted Adobe as a trending stock, which may reflect renewed investor attention and interest ahead of future catalysts. Here is What to Know Beyond Why Adobe Inc. (ADBE) is a Trending Stock
• Neutral Sentiment: One report said short interest in Adobe was unchanged at zero shares, so it does not indicate meaningful bearish pressure or a change in trading sentiment.
• Neutral Sentiment: A MarketWatch note said Adobe underperformed some peers on Wednesday, but this looks like a relative-performance observation rather than a major company-specific catalyst. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Negative Sentiment: The main headwind remains investor concern about AI adoption, which could be weighing on Adobe’s near-term multiple even as some analysts argue the stock looks attractive.

Insider Buying and Selling

In related news, Director David A. Ricks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were 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 directly owned 359,538 shares of the company’s stock, 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. 0.20% of the stock is owned by company insiders.

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.