State of Wisconsin Investment Board Sells 10,515 Shares of Adobe Inc. $ADBE

State of Wisconsin Investment Board lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,885 shares of the software company’s stock after selling 10,515 shares during the quarter. State of Wisconsin Investment Board’s holdings in Adobe were worth $75,908,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. SWAN Capital LLC lifted its stake in Adobe by 43.1% in the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares in the last quarter. Logan Capital Management Inc. lifted its stake in Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after buying an additional 32 shares in the last quarter. Peoples Bank KS lifted its stake in Adobe by 1.6% in the fourth quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after buying an additional 33 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Adobe by 16.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock valued at $86,000 after buying an additional 34 shares in the last quarter. Finally, Marquette Asset Management LLC lifted its stake in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $207.32 on Wednesday. The company’s fifty day simple moving average is $243.10 and its 200-day simple moving average is $276.75. The company has a quick ratio of 0.91, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market cap of $83.80 billion, a PE ratio of 11.86, a P/E/G ratio of 0.72 and a beta of 1.42. Adobe Inc. has a 12 month low of $196.90 and a 12 month high of $399.67.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities research analysts expect that Adobe Inc. will post 19.87 EPS for the current fiscal year.

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

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe remains a strong value case in several recent commentaries, with analysts and market watchers highlighting its discounted valuation, strong ROIC, and record quarterly results as reasons the stock could be undervalued after a steep pullback.
• Positive Sentiment: The company’s AI strategy continues to gain traction, including growing adoption of Firefly and a new global AI skills initiative with LinkedIn aimed at helping marketers use AI tools more effectively. Article Title
• Positive Sentiment: Adobe also announced a public push on AI policy, joining other tech companies in urging the White House to ease Anthropic AI export restrictions, underscoring its broader involvement in the AI ecosystem. Article Title
• Neutral Sentiment: Several pieces suggest investors are watching Adobe closely for signs that strong AI usage can translate into faster revenue growth, but that monetization challenge is still unresolved.
• Negative Sentiment: TD Cowen cut its price target on Adobe to $285 from $310, citing slowing spend and weaker-than-expected AI credit demand, which reinforced concerns that near-term growth may be decelerating.
• Negative Sentiment: The surprise departure of Adobe’s CFO has also weighed on sentiment, with articles framing the stock as a “battleground” name as investors question management stability after the executive change. Article Title
• Negative Sentiment: Recent coverage also notes that Adobe shares have fallen back toward 2019 lows, reflecting continued investor skepticism despite the earnings beat and raised outlook.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the company’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 sale, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on 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 in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen cut their price target on shares of Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research note on Monday, June 8th. UBS Group set a $365.00 price objective on shares of Adobe in a research report on Friday. KeyCorp cut their price objective on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday. Barclays cut their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada cut their price objective on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average price target of $278.16.

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.