Adobe Inc. $ADBE Shares Sold by TCTC Holdings LLC

TCTC Holdings LLC decreased its position in Adobe Inc. (NASDAQ:ADBE) by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,594 shares of the software company’s stock after selling 3,513 shares during the quarter. TCTC Holdings LLC’s holdings in Adobe were worth $4,408,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new position in shares of Adobe in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe in the 3rd quarter worth approximately $27,000. Caitlin John LLC acquired a new position in shares of Adobe in the 3rd quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Adobe in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above Wall Street estimates, showing the core business is still beating expectations. Adobe Reports Record Q2 Results
• Positive Sentiment: The company raised its FY2026 outlook, guiding revenue to $26.5 billion-$26.6 billion and EPS to $24.35-$24.45, both above analyst consensus, which suggests management sees continued momentum ahead. Adobe raises annual revenue forecast, CFO to exit
• Neutral Sentiment: Adobe also said AI-driven demand and higher subscription spending helped drive results, reinforcing that its AI products are contributing to growth, though investors still want clearer proof this will last. Adobe posts record Q2 revenue and raises 2026 outlook
• Negative Sentiment: Shares are being weighed down by another senior departure, with CFO Dan Durn set to leave for Marvell, adding to concerns about leadership instability while Adobe is also searching for a new CEO. Adobe is losing another top executive, and investors don’t like it
• Negative Sentiment: Investors remain skeptical that Adobe’s AI push will translate into sustained growth, and that uncertainty has kept pressure on the stock even after the earnings beat. Adobe Stock Sinks to Multi-Year Low Ahead of Earnings

Adobe Trading Down 6.5%

Shares of NASDAQ ADBE opened at $218.24 on Friday. The company has a market cap of $88.21 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.42. Adobe Inc. has a 12-month low of $218.09 and a 12-month high of $416.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $245.29 and its 200 day simple moving average is $279.13.

Adobe (NASDAQ:ADBE) last announced 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. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $5.06 EPS. 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 19.14 EPS for the current year.

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

Analyst Ratings Changes

ADBE has been the subject of several research reports. HSBC set a $302.00 target price on Adobe in a research report on Friday, February 13th. Sanford C. Bernstein set a $447.00 target price on Adobe and gave the stock an “outperform” rating in a research report on Friday, March 13th. Stifel Nicolaus decreased their target price on Adobe from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Finally, BMO Capital Markets cut their price target on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $331.65.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction 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 sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. The trade was a 17.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value 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. The trade was a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 77,091 shares of company stock valued at $18,782,773. Insiders own 0.20% of the company’s stock.

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.