Adobe Inc. $ADBE Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 21.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,152 shares of the software company’s stock after selling 6,163 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Adobe were worth $8,102,000 at the end of the most recent reporting period.

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

Adobe Trading Down 2.0%

Shares of ADBE opened at $236.07 on Thursday. 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 12-month low of $224.13 and a 12-month high of $422.95. The firm has a 50-day moving average price of $249.11 and a 200 day moving average price of $291.96. The firm has a market capitalization of $95.42 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.94 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $5.08 earnings per share. Adobe’s quarterly revenue was up 12.0% on a year-over-year basis. 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 forecast that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to reacquire 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 stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on ADBE shares. KeyCorp reduced their price objective on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. HSBC set a $302.00 price objective on shares of Adobe in a research report on Friday, February 13th. Wells Fargo & Company reduced their target price on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Mizuho reiterated a “neutral” rating and issued a $270.00 target price (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. Finally, Robert W. Baird set a $350.00 target price on shares of Adobe in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $338.15.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing fresh AI-related product positioning, including Semrush’s AI search intelligence partnership with Lovable, which highlights Adobe’s effort to connect its ecosystem to developer and brand workflows beyond core creative software. Adobe Taps Semrush Lovable AI Link As Search Data Joins App Design
• Positive Sentiment: Some recent analysis argues Adobe looks attractive after a sharp selloff, with value-focused commentary saying the stock may be setting up for a rebound and offering long-term upside at current levels. Why Adobe Systems (ADBE) is a top value stock for the long term
• Positive Sentiment: Wall Street remains at least moderately constructive, with reports noting analysts still see upside potential even after a recent downgrade and years of underperformance. Adobe Stock: Is Wall Street Bullish or Bearish?
• Neutral Sentiment: Market commentary is increasingly focused on whether Adobe’s AI strategy can offset fears that generative AI tools could pressure its creative software moat; this is keeping investors cautious. Adobe: The Market Refuses To See AI As A Tailwind
• Neutral Sentiment: Adobe also received attention for patching 52 vulnerabilities across 10 products, which is a routine security update and not likely a major stock driver on its own. Adobe Patches 52 Vulnerabilities in 10 Products
• Negative Sentiment: Recent trading has been weak, with Adobe shares continuing to decline as investors react to broader concerns about growth, competition, and the pace of AI disruption. Adobe Systems (ADBE) Declines More Than Market: Some Information for Investors

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% 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 valued at $18,782,773. 0.20% of the stock is owned by company insiders.

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.