Adobe Inc. $ADBE Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,143,101 shares of the software company’s stock after selling 26,711 shares during the period. Pacer Advisors Inc.’s holdings in Adobe were worth $400,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kera Capital Partners Inc. increased its holdings in Adobe by 9.4% during the 4th quarter. Kera Capital Partners Inc. now owns 1,998 shares of the software company’s stock worth $699,000 after purchasing an additional 171 shares during the period. Blue Capital Inc. purchased a new stake in Adobe in the 4th quarter valued at $580,000. MV Capital Management Inc. acquired a new stake in Adobe during the 4th quarter worth $419,000. Cambient Family Office LLC acquired a new stake in Adobe during the 4th quarter worth $281,000. Finally, White Knight Strategic Wealth Advisors LLC purchased a new position in Adobe during the 4th quarter worth $545,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Down 0.3%

Adobe stock opened at $195.64 on Friday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $392.58. 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 capitalization of $77.77 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.69 and a beta of 1.42. The firm has a 50-day moving average price of $241.25 and a two-hundred day moving average price of $275.02.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business posted $5.06 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Sell-side analysts expect that Adobe Inc. will post 19.73 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its creative agent across Firefly and Creative Cloud, including Photoshop and Premiere, to automate multi-step workflows and improve productivity. Adobe Unveils Major Expansion of Creative Agent Across Firefly and Creative Cloud Apps Including Photoshop and Premiere
• Positive Sentiment: The company added its AI assistant to Premiere, Illustrator, InDesign and Frame.io, extending agentic AI capabilities deeper into its core workflow tools. Adobe adds its AI assistant to Premiere, Illustrator and InDesign
• Positive Sentiment: Adobe introduced GenStudio for Commerce Media Networks and Brand Visibility, new AI-focused offerings aimed at helping customers manage content, improve discoverability, and drive marketing results. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative, reinforcing Adobe’s ecosystem and positioning in AI education and marketing workflows. Adobe and LinkedIn Launch Global AI Skills Initiative to Empower the Next Generation of Marketers

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the firm’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 completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe 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 sale, the chief executive officer owned 359,538 shares in the company, valued at approximately $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. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADBE. William Blair cut Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Mizuho cut their price objective on shares of Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Royal Bank Of Canada decreased their target price 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. Finally, Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $278.16.

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.