Adobe Inc. $ADBE Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,586,349 shares of the software company’s stock after selling 295,359 shares during the period. Bank of New York Mellon Corp’s holdings in Adobe were worth $1,955,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the third quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the third quarter worth $27,000. Caitlin John LLC acquired a new stake in shares of Adobe during the third quarter worth $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Adobe during the fourth quarter worth $28,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADBE. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Sanford C. Bernstein set a $447.00 target price on shares of Adobe and gave the stock an “outperform” rating in a report on Friday, March 13th. Dbs Bank cut shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Summit Redstone set a $350.00 target price on shares of Adobe in a report on Friday, April 17th. Finally, UBS Group cut their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average price target of $338.15.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,091 shares of company stock valued at $18,782,773 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several reports say Adobe could beat estimates again in its next earnings report, citing its strong track record of earnings surprises and favorable setup going into the June 11 release. Will Adobe (ADBE) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Investor interest has increased after Michael Burry was reported to view Adobe as an attractive AI opportunity with valuation upside, reinforcing the idea that the stock may be undervalued relative to its AI potential. Michael Burry Sees Adobe As AI Fat Pitch With Valuation Upside
• Positive Sentiment: Adobe and Nvidia-related coverage highlighted a broader software rally driven by AI demand, including faster Photoshop and Premiere performance on Nvidia RTX Spark systems, which supports the investment case for Adobe’s creative software franchise. Adobe x Nvidia RTX Spark: Photoshop, Premiere get 2x AI speed boost
• Neutral Sentiment: Adobe confirmed it will report second-quarter FY2026 results on June 11, putting the spotlight on guidance and AI execution rather than any immediate operational news. Adobe to Announce Q2 FY2026 Earnings Results on June 11, 2026
• Neutral Sentiment: Coverage also noted that Adobe India MD Prativa Mohapatra is stepping down after nearly five years, and that CEO Shantanu Narayen plans to exit after nearly two decades, raising questions about leadership continuity but not signaling an immediate business setback. Adobe India MD Prativa Mohapatra to leave after a nearly five-year stint
• Negative Sentiment: The CEO transition has put Adobe’s AI strategy and valuation under a brighter spotlight, and some investors may see the leadership change as added uncertainty at a time when competition in AI tools is intensifying. Adobe CEO Exit Puts AI Strategy And Valuation In The Spotlight

Adobe Stock Down 4.3%

ADBE opened at $262.11 on Wednesday. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $421.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $244.67 and a two-hundred day moving average of $283.66. The stock has a market capitalization of $105.94 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.07 and a beta of 1.42.

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, beating analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, research analysts expect that Adobe Inc. will post 19.14 earnings per share for the current year.

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

About Adobe

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.