SouthState Bank Corp Has $17.48 Million Stake in Adobe Inc. $ADBE

SouthState Bank Corp decreased its stake in Adobe Inc. (NASDAQ:ADBE) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,937 shares of the software company’s stock after selling 3,863 shares during the quarter. SouthState Bank Corp’s holdings in Adobe were worth $17,477,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Willis Investment Counsel boosted its stake in Adobe by 138.9% in the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after buying an additional 23,671 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Adobe by 112.6% in 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 in the last quarter. Nicholas Company Inc. boosted its stake in Adobe by 7.6% in the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after buying an additional 12,400 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Adobe by 20.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,024,473 shares of the software company’s stock valued at $361,383,000 after buying an additional 174,891 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Adobe by 13.4% in the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock valued at $75,462,000 after buying an additional 25,435 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ADBE shares. Barclays downgraded Adobe from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $335.00 to $275.00 in a research report on Friday, March 13th. TD Cowen cut their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday, March 10th. Piper Sandler reiterated a “neutral” rating and issued a $280.00 price objective on shares of Adobe in a research report on Thursday. Citigroup lifted their price objective on Adobe from $253.00 to $264.00 and gave the company a “neutral” rating in a research report on Friday. Finally, UBS Group cut their price objective on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $337.62.

Insider Transactions at Adobe

In other news, CEO Shantanu Narayen sold 75,000 shares of the business’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 completion of the sale, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value 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. The trade was a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 over the last 90 days. 0.20% of the stock is owned by insiders.

Adobe Trading Down 2.7%

Shares of ADBE opened at $251.44 on Friday. The stock has a fifty day moving average price of $245.80 and a two-hundred day moving average price of $281.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $419.82. The company has a market cap of $101.63 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.98 and a beta of 1.42.

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

Adobe announced that its board has authorized a share repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in 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 typically an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating on Adobe and kept a $350 price target, implying meaningful upside from current levels. This suggests some analysts still see attractive valuation and earnings potential ahead. Benzinga
• Positive Sentiment: Multiple previews ahead of Adobe’s June 11 fiscal Q2 earnings report say Wall Street expects earnings growth and a potential beat, which could support the stock if results and guidance come in stronger than expected. Yahoo Finance
• Neutral Sentiment: Coverage this week highlighted that Adobe is getting closer to choosing its next CEO, with internal and external candidates under review. Leadership transition talk adds uncertainty, but it could also be viewed as a strategic reset in the AI era. Yahoo Finance
• Negative Sentiment: Investor anxiety continues to build around Adobe’s competitive moat, with one recent article arguing that AI could threaten the “Adobe era” and help explain why the stock has fallen sharply from its 2025 highs. The Motley Fool
• Negative Sentiment: Recent market commentary also noted Adobe has been falling more than the broader market, reflecting ongoing skepticism ahead of earnings and broader concerns about growth durability. Zacks

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.