Adobe Inc. $ADBE Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in Adobe Inc. (NASDAQ:ADBE) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500,222 shares of the software company’s stock after selling 162,708 shares during the quarter. Hsbc Holdings PLC’s holdings in Adobe were worth $525,083,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ADBE. AG Campbell Advisory LLC purchased a new stake in shares of Adobe during the 4th quarter valued at $513,000. Rehmann Capital Advisory Group grew its stake in Adobe by 9.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 6,211 shares of the software company’s stock worth $2,176,000 after buying an additional 560 shares during the last quarter. Financial Avengers Inc. grew its stake in Adobe by 0.7% during the 4th quarter. Financial Avengers Inc. now owns 8,392 shares of the software company’s stock worth $2,937,000 after buying an additional 57 shares during the last quarter. Midway Capital Research & Management acquired a new position in Adobe during the 4th quarter valued at about $1,672,000. Finally, Employees Provident Fund Board acquired a new position in Adobe during the 4th quarter valued at about $147,605,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its Creative Agent and Firefly AI tools across Photoshop, Premiere, Illustrator, InDesign, and Frame.io, which could improve user productivity and support future monetization through deeper AI integration. Article Title
• Positive Sentiment: Adobe also announced an AI skills initiative with LinkedIn, reinforcing its positioning in the growing enterprise AI training and marketing workflow market. Article Title
• Neutral Sentiment: Adobe’s latest quarterly results beat expectations and management issued FY2026 guidance above consensus, but the stock has still lagged as investors question whether growth can reaccelerate enough to justify the valuation.
• Neutral Sentiment: Commentary from Jim Cramer was mixed, with a cautious tone around Adobe’s future because of competition and uncertainty about the company’s longer-term growth path. Article Title
• Negative Sentiment: Freedom Broker downgraded Adobe to Hold from Buy and sharply cut its price target, highlighting concerns that the post-earnings setup is less compelling than before. Article Title
• Negative Sentiment: Separate coverage noted Adobe stock falling alongside other software names amid a broader selloff in subscription software, suggesting the market is rotating away from the group despite solid fundamentals. Article Title

Adobe Stock Performance

Shares of ADBE opened at $195.64 on Friday. The stock has a 50-day moving average of $240.37 and a two-hundred day moving average of $274.47. Adobe Inc. has a one year low of $190.12 and a one year high of $392.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.75. The stock has a market cap of $77.77 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.68 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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, research analysts predict that Adobe Inc. will post 19.73 EPS for the current year.

Adobe announced that its board has approved a stock repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler lowered their price target on Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company cut their price objective on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Barclays decreased their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Finally, DA Davidson lowered their target price on shares of Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Five analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $278.16.

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $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. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last ninety days. Insiders own 0.20% of the company’s stock.

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.