Adobe Inc. $ADBE Stock Position Decreased by SouthState Bank Corp

SouthState Bank Corp cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,937 shares of the software company’s stock after selling 3,863 shares during the period. SouthState Bank Corp’s holdings in Adobe were worth $17,477,000 as of its most recent SEC filing.

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

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating on Adobe and kept a $350 price target, implying meaningful upside from current levels. This suggests some analysts still see attractive valuation and earnings potential ahead. Benzinga
• Positive Sentiment: Multiple previews ahead of Adobe’s June 11 fiscal Q2 earnings report say Wall Street expects earnings growth and a potential beat, which could support the stock if results and guidance come in stronger than expected. Yahoo Finance
• Neutral Sentiment: Coverage this week highlighted that Adobe is getting closer to choosing its next CEO, with internal and external candidates under review. Leadership transition talk adds uncertainty, but it could also be viewed as a strategic reset in the AI era. Yahoo Finance
• Negative Sentiment: Investor anxiety continues to build around Adobe’s competitive moat, with one recent article arguing that AI could threaten the “Adobe era” and help explain why the stock has fallen sharply from its 2025 highs. The Motley Fool
• Negative Sentiment: Recent market commentary also noted Adobe has been falling more than the broader market, reflecting ongoing skepticism ahead of earnings and broader concerns about growth durability. Zacks

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $251.44 on Friday. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $419.82. The firm has a market capitalization of $101.63 billion, a PE ratio of 14.64, a PEG ratio of 0.98 and a beta of 1.42. The business’s 50 day moving average is $245.80 and its 200-day moving average is $281.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm earned $5.08 EPS. Adobe’s revenue for the quarter was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Sell-side analysts predict that Adobe Inc. will post 19.14 earnings per share for the current year.

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

Analyst Ratings Changes

A number of analysts have issued reports on ADBE shares. BTIG Research started coverage on Adobe in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Barclays lowered Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $335.00 to $275.00 in a report on Friday, March 13th. UBS Group lowered their target price on Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. KeyCorp lowered their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Wells Fargo & Company lowered their target price on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $337.62.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 755 shares of Adobe 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 sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. The trade was a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is owned by corporate 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.