Stephens Inc. AR Lowers Holdings in Adobe Inc. $ADBE

Stephens Inc. AR trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,359 shares of the software company’s stock after selling 2,142 shares during the period. Stephens Inc. AR’s holdings in Adobe were worth $8,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new position in Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Adobe in the 3rd quarter valued at $27,000. Caitlin John LLC purchased a new position in Adobe in the 3rd quarter valued at $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in Adobe in the 4th quarter valued at $28,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The sale 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 dated Tuesday, April 28th. The shares were 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 directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 77,091 shares of company stock worth $18,782,773 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the topic of several research analyst reports. Jefferies Financial Group decreased their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. HSBC set a $302.00 target price on shares of Adobe in a research report on Friday, February 13th. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $335.00 to $275.00 in a research report on Friday, March 13th. BTIG Research initiated coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $338.15.

Adobe Price Performance

Adobe stock opened at $247.60 on Friday. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $247.93 and its 200 day simple moving average is $290.83. The firm has a market capitalization of $100.08 billion, a PE ratio of 14.42, a P/E/G ratio of 0.97 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the firm earned $5.08 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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, equities research analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.