Heritage Investors Management Corp Sells 9,485 Shares of Adobe Inc. $ADBE

Heritage Investors Management Corp reduced its position in shares of Adobe Inc. (NASDAQ:ADBE) by 14.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 55,946 shares of the software company’s stock after selling 9,485 shares during the quarter. Heritage Investors Management Corp’s holdings in Adobe were worth $19,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ADBE. Western Pacific Wealth Management LP bought a new stake in shares of Adobe during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe during the 3rd quarter worth $27,000. Caitlin John LLC acquired a new position in shares of Adobe during the third quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Adobe during the fourth quarter worth approximately $28,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. KeyCorp cut their price target on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a report on Friday, March 13th. TD Cowen dropped their target price on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. Sanford C. Bernstein set a $447.00 target price on shares of Adobe and gave the stock an “outperform” rating in a research report on Friday, March 13th. Weiss Ratings lowered shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Finally, HSBC set a $302.00 target price on shares of Adobe in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $338.15.

Adobe Trading Down 3.7%

Shares of ADBE stock opened at $244.10 on Friday. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $421.48. The firm’s fifty day simple moving average is $245.63 and its 200 day simple moving average is $287.76. The firm has a market capitalization of $98.67 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.08 EPS. 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 predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to reacquire 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.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its Firefly-powered creative tools into Google Gemini, which could broaden usage of its software and reinforce its position in digital creativity workflows. Adobe Is Bringing Its Firefly-Powered Creative AI Tools Directly Into Google Gemini
• Positive Sentiment: Commentary from 24/7 Wall St. highlighted Adobe as an oversold turnaround idea, arguing the stock’s weakness may be overdone relative to its fundamentals and AI-related revenue prospects. Adobe Price Prediction. A $417 Stock Now at $253 With AI Revenue Tripling. Here Is Our 12 Month Target
• Positive Sentiment: Michael Burry reportedly maintained a position in Adobe, which may signal some contrarian investor confidence in the beaten-down stock. Adobe Inc. (ADBE): Michael Burry Maintains Position

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction 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 directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

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.