Texas Capital Bank Wealth Management Services Inc Buys 10,366 Shares of Adobe Inc. $ADBE

Texas Capital Bank Wealth Management Services Inc raised its stake in Adobe Inc. (NASDAQ:ADBE) by 1,517.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,049 shares of the software company’s stock after purchasing an additional 10,366 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Adobe were worth $3,867,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the last quarter. Dodge & Cox grew its holdings in shares of Adobe by 8,006.6% during the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after purchasing an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Amundi boosted its position in Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after buying an additional 710,357 shares during the period. Institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe remains a strong cash-generating business, with recent commentary calling it a “free cash flow machine,” which may appeal to value-focused investors. Adobe: A Free Cash Flow Machine In Full Gear
• Positive Sentiment: Analysts and commentary are increasingly viewing Adobe as potentially undervalued after its selloff, implying upside if AI fears prove overdone. Is Adobe Stock an Undervalued Stock to Buy?
• Neutral Sentiment: Recent coverage comparing Adobe with Autodesk suggests both are investing in AI and subscriptions, but Adobe is being overshadowed by peers with better growth expectations. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Neutral Sentiment: Adobe also appeared in a broader software-stock roundup, reinforcing that it remains a key name in the sector, though not a direct catalyst by itself. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Negative Sentiment: Investor concerns remain centered on AI disruption, with commentary saying those fears have weighed on Adobe’s performance and sentiment. AI Disruption Concerns Weighed on Adobe’s (ADBE) Performance
• Negative Sentiment: One bearish article grouped Adobe among software names that may be vulnerable to AI disruption, adding to the market’s caution around the stock. These Are the Four Signs a Company Is About to Destroyed by AI

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated 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 directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. William Blair cut shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. The Goldman Sachs Group dropped their target price on shares of Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $335.00 to $275.00 in a research report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adobe in a research report on Friday, March 13th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus price target of $338.15.

Adobe Trading Down 0.9%

Shares of NASDAQ ADBE opened at $238.24 on Thursday. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $421.48. The stock has a market cap of $96.30 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The firm has a 50-day moving average of $244.10 and a 200 day moving average of $285.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company posted $5.08 EPS. Adobe’s 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 EPS for the current fiscal year.

Adobe announced that its Board of Directors has approved a share repurchase program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase 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.