Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in Adobe Inc. $ADBE

Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,909 shares of the software company’s stock after selling 3,541 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Adobe were worth $51,447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Willis Investment Counsel raised its stake in shares of Adobe by 138.9% in the fourth 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 during the period. Victory Capital Management Inc. lifted its position in shares of Adobe by 112.6% during 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 during the last quarter. Nicholas Company Inc. grew its stake in shares of Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after acquiring an additional 12,400 shares during the period. Teacher Retirement System of Texas increased its holdings 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 worth $75,462,000 after acquiring an additional 25,435 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after acquiring an additional 6,426 shares during the period. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Adobe stock opened at $196.28 on Thursday. Adobe Inc. has a 1-year low of $195.02 and a 1-year high of $392.58. The company has a current ratio of 0.75, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $78.02 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. The firm’s 50 day simple moving average is $242.14 and its 200 day simple moving average is $275.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, analysts expect that Adobe Inc. will post 19.79 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. BMO Capital Markets dropped their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a report on Friday, June 12th. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Piper Sandler dropped their price target on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. William Blair downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Finally, UBS Group set a $365.00 price objective on shares of Adobe in a research note on Friday, June 12th. Five research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $278.16.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced Adobe Brand Visibility and new GenStudio for Commerce Media Networks tools, aimed at helping companies stay visible, trusted, and on-brand across AI-driven search and shopping surfaces. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, reinforcing Adobe’s role in AI education and enterprise workflow adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Multiple commentary pieces highlighted Adobe as a potentially undervalued software name after the selloff, suggesting some investors see the pullback as a buying opportunity. Microsoft vs. Adobe: Which High ROIC Software Stock is the Best Buy-the-Dip Target?
• Neutral Sentiment: Adobe executives discussed how AI is changing brand discovery and online visibility, which supports the company’s AI narrative but does not yet translate into immediate financial results. How AI is Changing the Branding Game: Integrating AI Optimization & Trust
• Negative Sentiment: Investor sentiment remains weak after reports about the surprise departure of Adobe’s CFO and broader concerns about slowing spend and softer AI credit demand. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.
• Negative Sentiment: Jim Cramer struck a bearish tone on Adobe, pointing to the CEO resignation and CFO change as reasons he does not want investors in the stock right now. Jim Cramer on Adobe: “I Don’t Want You in It”

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief executive officer owned 359,538 shares of the company’s stock, 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. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

About Adobe

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.