Lmcg Investments LLC Sells 7,214 Shares of Adobe Inc. $ADBE

Lmcg Investments LLC trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 49.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,323 shares of the software company’s stock after selling 7,214 shares during the quarter. Lmcg Investments LLC’s holdings in Adobe were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Beacon Financial Advisory LLC increased its stake in shares of Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after acquiring an additional 30 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after acquiring an additional 30 shares in the last quarter. New Republic Capital LLC increased its stake in shares of Adobe by 5.6% in the 3rd quarter. New Republic Capital LLC now owns 582 shares of the software company’s stock worth $205,000 after acquiring an additional 31 shares in the last quarter. SWAN Capital LLC increased its stake in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after acquiring an additional 31 shares in the last quarter. Finally, Logan Capital Management Inc. increased its stake in shares of Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after acquiring an additional 32 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $335.00 to $275.00 in a research note on Friday, March 13th. Summit Redstone set a $350.00 price objective on shares of Adobe in a research note on Friday, April 17th. Stifel Nicolaus reduced their price objective on shares of Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, Argus restated a “hold” rating on shares of Adobe in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $338.15.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a new AI productivity agent that integrates Acrobat PDF intelligence and can generate rich content (presentations, podcasts, images and text), aiming to deepen Creative Cloud and Acrobat use cases — a product move that could drive adoption, upsells and differentiation. Adobe launches productivity agent with AI-powered PDF tools, podcast creation and interactive sharing
• Positive Sentiment: Coverage highlights a reported ~US$25 billion buyback discussion alongside the AI agent — a large buyback would be EPS?accretive, signal management confidence, and provide a near?term floor for the stock if enacted. Will Adobe’s (ADBE) US$25 Billion Buyback and New AI Agent Reshape Its Investment Narrative
• Neutral Sentiment: Multiple tech outlets detail the agent’s PDF/creator features and positioning (practical for enterprises and creators). These product details clarify the roadmap but don’t guarantee adoption timing — helpful for long?term thesis but mixed for immediate revenue impact. Adobe made an AI agent for PDFs
• Neutral Sentiment: Adobe India execs say India is a key innovation center (significant R&D contribution to Firefly and agent work); region-level execution could accelerate product development but is a longer?term growth input. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Negative Sentiment: Analysts and market pieces flag that ADBE is down ~27% YTD and now trades at a low P/E (~10), reflecting investor skepticism on SaaS multiples and the pace of GenAI monetization — that bearish backdrop tempers enthusiasm for product headlines. Adobe Falls 27% YTD, Trades at a Discount: What Should Investors Do?
• Negative Sentiment: Short?term weakness persists: articles noting the stock “sank” during recent sessions point to technical selling and cautious analyst commentary despite the product launch — risk that the market wants clearer adoption/revenue proof. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Critical op?eds question Adobe’s long?term trajectory and draw comparisons to past technology falls, adding to negative sentiment that could pressure shares if buybacks or monetization milestones don’t appear. Adobe: The Next Nokia?

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $256.51 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $103.68 billion, a PE ratio of 14.94, a PEG ratio of 0.98 and a beta of 1.42. The firm’s 50-day moving average price is $250.40 and its 200-day moving average price is $295.01. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, analysts anticipate that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its board has approved a share repurchase 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 reacquire up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.