Adobe Inc. $ADBE Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 13.3% in the fourth quarter, Holdings Channel reports. The firm owned 76,579 shares of the software company’s stock after selling 11,754 shares during the quarter. Fifth Third Bancorp’s holdings in Adobe were worth $26,802,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ADBE. Danske Bank A S lifted its holdings in Adobe by 61.8% in the fourth quarter. Danske Bank A S now owns 399,184 shares of the software company’s stock worth $139,710,000 after acquiring an additional 152,423 shares during the last quarter. Mutual Advisors LLC lifted its holdings in Adobe by 2.9% in the fourth quarter. Mutual Advisors LLC now owns 16,977 shares of the software company’s stock worth $5,942,000 after acquiring an additional 476 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Adobe by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 27,500 shares of the software company’s stock worth $9,625,000 after acquiring an additional 531 shares during the last quarter. Sigma Planning Corp lifted its holdings in Adobe by 9.7% in the fourth quarter. Sigma Planning Corp now owns 4,582 shares of the software company’s stock worth $1,604,000 after acquiring an additional 406 shares during the last quarter. Finally, Mogy Joel R Investment Counsel Inc. lifted its holdings in Adobe by 16.1% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 58,844 shares of the software company’s stock worth $20,595,000 after acquiring an additional 8,180 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of Adobe 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 sale, the chief executive officer owned 359,538 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 77,091 shares of company stock valued at $18,782,773. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ADBE shares. The Goldman Sachs Group cut their target price on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Jefferies Financial Group cut their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Stifel Nicolaus cut their target price on shares of Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Mizuho reissued a “neutral” rating and issued a $270.00 target price (down from $315.00) on shares of Adobe in a report on Monday. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $338.15.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and confident guidance: Adobe reported Q1 results and guidance that topped expectations, reinforcing near-term revenue and margin visibility — a key catalyst supporting the rally. Read More.
• Positive Sentiment: $25 billion buyback: The Board authorized a $25B repurchase program (~24.9% of shares outstanding), which supports EPS, reduces float and signals management confidence — a material capital-return tailwind. Read More.
• Positive Sentiment: AI/product momentum: Adobe is pushing agentic and creative AI (Firefly public launch, Summit announcements and third‑party integrations like Anthropic/Claude), which expands stickiness for Creative Cloud and enterprise CX offerings. These product moves support longer‑term growth expectations. Read More. and Read More.
• Neutral Sentiment: Valuation debate and YTD weakness: Commentary asks whether the ~26% YTD decline creates a buying opportunity or reflects genuine execution/valuation concerns — useful for longer‑term investors assessing risk/reward. Read More.
• Neutral Sentiment: Analyst/peer context: Comparative analysis versus peers (e.g., Salesforce) highlights steady revenue but differences in margin/scale — relevant for relative valuation and sector allocation but not an immediate stock mover. Read More.
• Neutral Sentiment: Options/trader interest: Elevated option strategies and trading writeups are driving short‑term flows and volatility but don’t alter fundamentals. Read More.
• Negative Sentiment: Insider sale: CEO Shantanu Narayen sold 75,000 shares (~$18.3M disclosed), which can unsettle some investors even if the sale is personal or pre‑planned. Read More.
• Negative Sentiment: Legal/litigation risk: An investor lawsuit alleges copyright issues around AI training data — potential reputational, regulatory and litigation exposure that could pressure sentiment if it escalates. Read More.

Adobe Stock Performance

ADBE opened at $250.71 on Friday. The business’s 50 day moving average is $250.36 and its 200-day moving average is $297.20. The stock has a market cap of $101.34 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. 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 Inc. has a twelve month low of $224.13 and a twelve month high of $422.95.

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

Adobe announced that its Board of Directors has approved 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 usually an indication that the company’s board of directors believes its shares are undervalued.

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.