Cerity Partners LLC decreased its position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 12.1% in the fourth quarter, HoldingsChannel reports. The firm owned 244,423 shares of the software company’s stock after selling 33,577 shares during the quarter. Cerity Partners LLC’s holdings in Adobe were worth $85,545,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Willis Investment Counsel lifted its holdings in shares of Adobe by 138.9% during the fourth quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after purchasing an additional 23,671 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Adobe by 112.6% during the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after purchasing an additional 710,357 shares during the period. Nicholas Company Inc. raised its position in Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after acquiring an additional 12,400 shares in the last quarter. Teacher Retirement System of Texas raised its position in Adobe by 13.4% during the fourth quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock valued at $75,462,000 after acquiring an additional 25,435 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its position in Adobe by 13.2% during the fourth quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after acquiring an additional 6,426 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.
Adobe News Roundup
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe’s Firefly and GenStudio products are still seen as key AI growth drivers, and investors are watching for signs that these tools can help reignite revenue growth. Should You Buy, Sell or Hold Adobe Stock Before Q2 Earnings?
- Positive Sentiment: Some analysts remain constructive enough to raise price targets, suggesting there is still confidence in Adobe’s long-term cash flow and product franchise. Adobe Falls 23% YTD As Analysts Raise Questions Ahead Of Earnings
- Neutral Sentiment: Adobe is scheduled to report fiscal Q2 results on June 11, and investors are positioning ahead of the release rather than waiting for the numbers. Adobe Stock Price Forecast — What Analysts Expect Ahead June 11 Earnings
- Neutral Sentiment: Short-interest data showed no meaningful change, so the latest move appears driven more by sentiment and earnings caution than by a new bearish trading setup.
- Negative Sentiment: Several reports warn that Adobe may face tougher competition in generative AI, macroeconomic softness, and elevated expectations into earnings, all of which could pressure results or guidance. Should You Buy, Sell or Hold Adobe Stock Before Q2 Earnings?
- Negative Sentiment: Market commentary also highlights leadership uncertainty, with a likely CEO transition and questions about whether Adobe needs bolder AI strategy changes, adding another layer of investor concern. Adobe needs a new CEO to make bold AI moves, and its choice could be revealed on Thursday
- Negative Sentiment: Analysts and commentators describe Adobe as a “frustrating” stock heading into earnings, reflecting skepticism that upcoming results will be strong enough to reverse the recent slide. Adobe Sinks (ADBE) as Analysts Clash Over ‘Extremely Frustrating Stock’ in Q2 Preview
Analysts Set New Price Targets
Read Our Latest Report on ADBE
Adobe Stock Down 2.9%
Adobe stock opened at $237.88 on Wednesday. The stock has a market capitalization of $96.15 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $419.82. The business has a 50 day simple moving average of $245.94 and a 200-day simple moving average of $280.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.
Adobe (NASDAQ:ADBE – Get Free Report) last issued its quarterly earnings results 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 return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business earned $5.08 earnings per share. The firm’s revenue for the quarter 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. On average, analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal 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 shares. This buyback authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling
In related news, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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 in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by corporate insiders.
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.
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