Adobe Inc. $ADBE Position Lowered by Midwest Trust Co

Midwest Trust Co decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 55,877 shares of the software company’s stock after selling 8,064 shares during the quarter. Midwest Trust Co’s holdings in Adobe were worth $19,556,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ADBE. Arrowstreet Capital Limited Partnership lifted its position in shares of Adobe by 53.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Dodge & Cox lifted its position in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after purchasing an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Amundi lifted its position in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position 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 last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched a new AI-powered productivity agent aimed at improving PDF creation, sharing, podcast generation, and interactive workflows, reinforcing its push to monetize generative AI across its core software ecosystem. Article Title
• Positive Sentiment: Adobe expanded its Adobe Experience Platform through a collaboration with Alluvium to improve healthcare capacity management, suggesting broader enterprise use cases beyond creative software. Article Title
• Positive Sentiment: Adobe is expanding its India presence with a new office in Noida and a seventh campus, which underscores ongoing investment in AI innovation and international growth capacity. Article Title
• Positive Sentiment: Adobe is using National Small Business Week promotions to highlight Adobe Express, which could support adoption among smaller customers and strengthen its AI-driven creative tools narrative. Article Title
• Neutral Sentiment: Recent commentary says Adobe trades at a relatively low valuation after a steep year-to-date decline, but investor sentiment remains cautious and mixed despite GenAI rollout efforts. Article Title
• Neutral Sentiment: Adobe has also been in the news for a recent pullback after a six-session rally, indicating short-term volatility rather than a clear change in fundamentals. Article Title

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by company insiders.

Adobe Price Performance

ADBE opened at $253.04 on Friday. The firm has a market cap of $102.28 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95. The company’s 50-day moving average price is $250.40 and its 200 day moving average price is $295.01. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business earned $5.08 earnings per share. Adobe’s quarterly revenue 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. As a group, sell-side analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a share buyback program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ADBE shares. BTIG Research started coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group reduced their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada dropped their price objective on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Mizuho reiterated a “neutral” rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $338.15.

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.