Banco Bilbao Vizcaya Argentaria S.A. Cuts Stake in Adobe Inc. $ADBE

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 146,909 shares of the software company’s stock after selling 3,541 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Adobe were worth $51,447,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP purchased a new stake in Adobe during the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe in the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe in the 3rd quarter valued at about $27,000. Caitlin John LLC purchased a new stake in Adobe during the 3rd quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP purchased a new stake in Adobe during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 755 shares of Adobe 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 sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. The trade was a 17.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADBE. Sanford C. Bernstein decreased their price target on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. Freedom Capital cut shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Robert W. Baird decreased their target price on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. BMO Capital Markets lowered their price target on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, June 12th. Finally, Wolfe Research cut shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Five analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $278.16.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced Adobe Brand Visibility and new GenStudio for Commerce Media Networks tools, aimed at helping companies stay visible, trusted, and on-brand across AI-driven search and shopping surfaces. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, reinforcing Adobe’s role in AI education and enterprise workflow adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Multiple commentary pieces highlighted Adobe as a potentially undervalued software name after the selloff, suggesting some investors see the pullback as a buying opportunity. Microsoft vs. Adobe: Which High ROIC Software Stock is the Best Buy-the-Dip Target?
• Neutral Sentiment: Adobe executives discussed how AI is changing brand discovery and online visibility, which supports the company’s AI narrative but does not yet translate into immediate financial results. How AI is Changing the Branding Game: Integrating AI Optimization & Trust
• Negative Sentiment: Investor sentiment remains weak after reports about the surprise departure of Adobe’s CFO and broader concerns about slowing spend and softer AI credit demand. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.
• Negative Sentiment: Jim Cramer struck a bearish tone on Adobe, pointing to the CEO resignation and CFO change as reasons he does not want investors in the stock right now. Jim Cramer on Adobe: “I Don’t Want You in It”

Adobe Trading Down 5.3%

NASDAQ ADBE opened at $196.28 on Thursday. The stock has a market cap of $78.02 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $195.02 and a fifty-two week high of $392.58. The stock has a 50 day simple moving average of $242.14 and a two-hundred day simple moving average of $275.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.75.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.45 billion. During the same quarter in the prior year, the company earned $5.06 earnings per share. The firm’s revenue for the quarter 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 forecast that Adobe Inc. will post 19.79 earnings per share for the current year.

Adobe declared that its Board of Directors has initiated a stock repurchase program 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 programs are generally a sign that the company’s board believes its shares are undervalued.

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.