Adobe Inc. $ADBE Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,448 shares of the software company’s stock after selling 74,865 shares during the quarter. Blair William & Co. IL’s holdings in Adobe were worth $111,454,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

ADBE has been the topic of a number of analyst reports. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Stifel Nicolaus reiterated a “hold” rating and set a $200.00 price target (down from $350.00) on shares of Adobe in a research note on Friday. Freedom Capital lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Royal Bank Of Canada cut their price target on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and an average target price of $278.16.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, which supports Adobe’s positioning as an AI enabler and could strengthen long-term product adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Several articles highlighted Adobe as potentially undervalued after its recent selloff, with some analysts and commentators calling it a buy-the-dip or value opportunity following its strong earnings and raised guidance. Should You Buy, Sell or Hold Adobe Stock Post Q2 Earnings?
• Neutral Sentiment: Market commentary from Barchart and other outlets suggests traders are debating whether the post-earnings weakness is overdone, with options data and technicals still pointing to elevated volatility. Following Adobe Earnings, Here’s What Barchart Data Says Is Next for ADBE Stock
• Neutral Sentiment: TD Cowen cut its price target on Adobe from $310 to $285, citing mixed signals including slower spending trends and weaker AI credit demand, but kept a Hold rating. Adobe (ADBE) Price Target Cut as TD Cowen Flags Slowing Spend and Weak AI Credit Demand
• Negative Sentiment: Adobe’s CFO departure is weighing on sentiment, with investors seeing the leadership change as a risk at a time when the company is already facing valuation and growth concerns. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $207.32 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91. The firm has a market capitalization of $83.80 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.72 and a beta of 1.42. Adobe Inc. has a 12 month low of $196.90 and a 12 month high of $399.67. The company’s fifty day moving average price is $243.10 and its 200 day moving average price is $276.75.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous 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. As a group, sell-side analysts predict that Adobe Inc. will post 19.87 earnings per share for the current fiscal year.

Adobe declared that its board has approved a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on 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 transaction, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by company insiders.

About Adobe

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.