Stock Yards Bank & Trust Co. Has $5.33 Million Holdings in Adobe Inc. $ADBE

Stock Yards Bank & Trust Co. decreased its stake in Adobe Inc. (NASDAQ:ADBE) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,933 shares of the software company’s stock after selling 3,582 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Adobe were worth $5,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe in the 4th quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Adobe in the third quarter valued at approximately $27,000. Beacon Financial Strategies CORP bought a new stake in Adobe in the fourth quarter valued at approximately $28,000. Finally, Marquette Asset Management LLC raised its holdings in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after purchasing an additional 34 shares during the period. Institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other news, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares in the company, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock valued at $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BTIG Research started coverage on shares of Adobe in a report on Monday, April 13th. They issued a “neutral” rating for the company. Jefferies Financial Group reduced their target price on Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Barclays decreased their target price on Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, June 12th. Mizuho lowered their price target on Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Finally, Wolfe Research lowered Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $278.16.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its AI strategy with Firefly Foundry, a platform for enterprises to build custom generative AI models using approved brand assets, which could strengthen its enterprise offerings and future AI revenue potential. Adobe (ADBE) Launches Firefly Foundry to Enable Enterprise Custom AI Model Development
• Positive Sentiment: Adobe’s acquisition of Topaz Labs is being viewed as a strategic AI move that adds image and video enhancement tools, potentially improving the company’s creative software ecosystem and competitive position. Adobe Just Bought What Its AI Strategy Was Missing. Here’s Why the Stock Could Surge Soon.
• Positive Sentiment: Several recent articles argue that Adobe’s underlying business remains strong, with record results and growing AI momentum, which may attract value investors despite the weak share price trend. Michael Burry’s Adobe Bet Makes Sense After Russell Inclusion, Record Q2 Results on Agentic AI Momentum
• Neutral Sentiment: Adobe is still receiving analyst and media attention as a widely watched stock, but that by itself does not materially change the investment outlook. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Phillip Securities downgraded Adobe from strong-buy to hold, which likely weighed on sentiment and reinforces concerns about near-term upside. Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Adobe is trading close to its 52-week low, reflecting ongoing market caution even though the company’s fundamentals remain solid. Adobe Nearing 52-Week Low: Buy, Sell or Hold?
• Negative Sentiment: Adobe also faces near-term risk from a security patch cycle, after fixing seven maximum-severity ColdFusion and Campaign flaws, which can raise investor concern around product security and enterprise trust. Adobe patches seven max severity ColdFusion, Campaign flaws

Adobe Trading Up 2.9%

Shares of NASDAQ:ADBE opened at $210.98 on Thursday. The firm has a market cap of $83.86 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.72 and a beta of 1.44. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $386.88. The company’s fifty day simple moving average is $234.18 and its 200 day simple moving average is $266.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the business earned $5.06 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 forecast that Adobe Inc. will post 19.8 EPS for the current fiscal year.

Adobe announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership 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.