STF Management LP Sells 2,413 Shares of Adobe Inc. $ADBE

STF Management LP lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 55.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,973 shares of the software company’s stock after selling 2,413 shares during the period. STF Management LP’s holdings in Adobe were worth $691,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADBE. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the 3rd quarter worth about $26,000. Western Pacific Wealth Management LP acquired a new position in Adobe during the 4th quarter worth about $26,000. Caitlin John LLC acquired a new position in Adobe during the 3rd quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new position in Adobe during the 4th quarter worth about $28,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Adobe during the 3rd quarter worth about $27,000. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction on 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 owned 42,833 shares in the company, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock worth $18,782,773 in the last quarter. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent research reports. DA Davidson set a $300.00 target price on Adobe in a report on Friday, March 13th. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $335.00 to $275.00 in a report on Friday, March 13th. TD Cowen lowered their price target on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Adobe in a report on Friday, March 13th. Finally, Jefferies Financial Group lowered their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus price target of $338.15.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Adobe Stock Performance

ADBE stock opened at $247.60 on Friday. The stock has a 50-day moving average price of $247.93 and a 200-day moving average price of $290.83. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market cap of $100.08 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted 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 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 analyst estimates of $6.28 billion. During the same period last year, the company posted $5.08 EPS. The business’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, equities research analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.