Adobe Inc. $ADBE Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,473,733 shares of the software company’s stock after selling 158,276 shares during the quarter. State Street Corp’s holdings in Adobe were worth $7,165,602,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the third quarter worth about $26,000. Western Pacific Wealth Management LP acquired a new position in Adobe during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe during the third quarter worth about $27,000. Caitlin John LLC acquired a new position in Adobe during the third quarter worth about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Adobe during the fourth quarter worth about $28,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated 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 owned 3,521 shares of the company’s stock, valued at $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADBE. DA Davidson lowered their target price on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird lowered their target price on Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $200.00 target price (down from $350.00) on shares of Adobe in a report on Friday. Wolfe Research lowered Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday. Finally, Citigroup reaffirmed a “market perform” rating on shares of Adobe in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $278.16.

Adobe Trading Down 6.8%

Shares of ADBE opened at $204.02 on Friday. The business’s 50-day moving average price is $244.54 and its 200 day moving average price is $278.61. The stock has a market capitalization of $82.46 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.85 and a beta of 1.42. Adobe Inc. has a 1-year low of $196.90 and a 1-year high of $405.00. 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 issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share 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 analysts’ expectations of $6.45 billion. Adobe had a return on equity of 64.99% and a net margin of 28.69%.Adobe’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $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. Analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

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

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above expectations, while also raising full-year revenue and earnings guidance. The company said AI-driven demand and stronger subscription spending supported results. Adobe Reports Record Q2 Results
• Positive Sentiment: Management highlighted accelerating adoption of Adobe’s AI tools, with AI-first annual recurring revenue topping $500 million, which supports the long-term growth case. Adobe Q2 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall
• Neutral Sentiment: Despite the beat, Adobe signaled a strategic shift toward freemium AI products and prioritizing user growth over immediate monetization, which adds uncertainty around near-term ARR growth. ADBE Q2 Earnings Call Centers on Freemium AI Push, Raised Outlook
• Negative Sentiment: Investors were rattled by the sudden departure of CFO Dan Durn, which adds to leadership uncertainty while Adobe is also in the middle of a CEO succession process. Adobe raises annual revenue forecast, CFO to exit
• Negative Sentiment: Wall Street reacted with multiple price-target cuts and downgrades, reflecting concerns that Adobe’s core growth may be decelerating and that AI monetization is still not proven. Leadership Exits, Decelerating Core Growth Cloud Adobe’s Earnings Beat

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.