Adobe Inc. $ADBE Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,133 shares of the software company’s stock after selling 14,982 shares during the period. MML Investors Services LLC’s holdings in Adobe were worth $36,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Western Pacific Wealth Management LP acquired a new position in shares of Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe in the 3rd quarter valued at $27,000. Caitlin John LLC acquired a new position in shares of Adobe in the 3rd quarter valued at $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Adobe in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several analysts and market commentators argue Adobe looks unusually cheap after the selloff, citing valuation below 10x earnings, strong Q2 results, and raised guidance as reasons the stock could recover. Article Title
• Positive Sentiment: Articles from 247WallSt, Seeking Alpha, and other outlets highlight the gap between Adobe’s strong fundamentals and its depressed share price, with some calling it a buying opportunity and assigning significant upside targets. Article Title
• Positive Sentiment: AI product adoption remains a support for the bull case, with reports saying Adobe’s AI tools such as Firefly are gaining users, even if the company still needs to convert that usage into stronger revenue growth. Article Title
• Neutral Sentiment: Some coverage frames the stock as undervalued or a “bargain,” but this is mostly valuation commentary rather than a fresh operational catalyst. Article Title
• Negative Sentiment: Bearish commentary continues to weigh on sentiment, with analysts and options-market-based reports warning that investors still doubt Adobe’s growth durability and AI monetization, which may explain why the stock remains under pressure despite the earnings beat. Article Title
• Negative Sentiment: Ongoing headlines about a “continued deceleration,” “value trap” concerns, and fears around strategic transition risk and leadership changes suggest investors are still skeptical that Adobe can reaccelerate growth soon. Article Title

Adobe Price Performance

ADBE stock opened at $206.36 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $83.41 billion, a PE ratio of 11.81, a P/E/G ratio of 0.80 and a beta of 1.42. Adobe Inc. has a 12-month low of $196.90 and a 12-month high of $405.00. The business’s fifty day moving average price is $243.81 and its 200 day moving average price is $277.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion for 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.06 EPS. 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, sell-side analysts anticipate that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced 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 outstanding shares. This buyback authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday. Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Argus reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a report on Friday, March 13th. Five research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus price target of $278.16.

Adobe 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.