Stock Yards Bank & Trust Co. Sells 3,582 Shares of Adobe Inc. $ADBE

Stock Yards Bank & Trust Co. lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 14.0% in the first quarter, HoldingsChannel.com reports. The fund owned 21,933 shares of the software company’s stock after selling 3,582 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Adobe were worth $5,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADBE. Western Pacific Wealth Management LP bought a new position in shares of Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Adobe in the third quarter valued at about $27,000. Beacon Financial Strategies CORP bought a new position in Adobe in the fourth quarter valued at about $28,000. Finally, Marquette Asset Management LLC raised its stake in Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Up 2.9%

Shares of ADBE opened at $210.98 on Thursday. The stock’s 50-day moving average price is $234.18 and its two-hundred day moving average price is $266.42. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $386.88. The company has a market capitalization of $83.86 billion, a PE ratio of 12.07, a PEG ratio of 0.72 and a beta of 1.44. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

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, beating the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the firm posted $5.06 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. 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, analysts anticipate that Adobe Inc. will post 19.8 EPS for the current year.

Adobe announced that its Board of Directors has approved a share buyback plan 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 plans are typically a sign that the company’s management believes its stock is undervalued.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its AI strategy with Firefly Foundry, a platform for enterprises to build custom generative AI models using approved brand assets, which could strengthen its enterprise offerings and future AI revenue potential. Adobe (ADBE) Launches Firefly Foundry to Enable Enterprise Custom AI Model Development
• Positive Sentiment: Adobe’s acquisition of Topaz Labs is being viewed as a strategic AI move that adds image and video enhancement tools, potentially improving the company’s creative software ecosystem and competitive position. Adobe Just Bought What Its AI Strategy Was Missing. Here’s Why the Stock Could Surge Soon.
• Positive Sentiment: Several recent articles argue that Adobe’s underlying business remains strong, with record results and growing AI momentum, which may attract value investors despite the weak share price trend. Michael Burry’s Adobe Bet Makes Sense After Russell Inclusion, Record Q2 Results on Agentic AI Momentum
• Neutral Sentiment: Adobe is still receiving analyst and media attention as a widely watched stock, but that by itself does not materially change the investment outlook. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Phillip Securities downgraded Adobe from strong-buy to hold, which likely weighed on sentiment and reinforces concerns about near-term upside. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Adobe is trading close to its 52-week low, reflecting ongoing market caution even though the company’s fundamentals remain solid. Adobe Nearing 52-Week Low: Buy, Sell or Hold?
• Negative Sentiment: Adobe also faces near-term risk from a security patch cycle, after fixing seven maximum-severity ColdFusion and Campaign flaws, which can raise investor concern around product security and enterprise trust. Adobe patches seven max severity ColdFusion, Campaign flaws

Insider Activity

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADBE shares. Evercore set a $225.00 target price on shares of Adobe and gave the stock an “in-line” rating in a report on Friday, June 12th. The Goldman Sachs Group cut their price objective on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, June 12th. Morgan Stanley dropped their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Five equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $278.16.

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.