Adobe Inc. $ADBE Shares Sold by Busey Bank

Busey Bank lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 65.1% in the first quarter, Holdings Channel reports. The institutional investor owned 17,865 shares of the software company’s stock after selling 33,272 shares during the period. Busey Bank’s holdings in Adobe were worth $4,342,000 as of its most recent filing with the SEC.

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

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy and said AI concerns have created an overly pessimistic valuation, helping fuel a rally in the stock. This Adobe analyst is going against the grain by telling investors to buy the stock
• Positive Sentiment: Adobe is expanding its AI push with Firefly Foundry and a broader freemium funnel, which could increase adoption of its creative tools and support longer-term growth. Adobe (ADBE) Launches Firefly Foundry As It Pushes AI Tools To More Users
• Positive Sentiment: An insider reportedly increased his Adobe stake by 130%, signaling internal confidence in the company’s turnaround and AI strategy. 1 Adobe Insider Just Boosted His Stake by 130%. Why He Is Betting Big on ADBE Right Now.
• Neutral Sentiment: Several articles highlighted Adobe as a long-term value or “best SaaS stock” idea, but these were largely opinion pieces rather than new fundamental updates. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Commentary from analysts and investors continued to debate whether Adobe’s growth is slowing or whether the market is underestimating its resilience against AI disruption. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)
• Negative Sentiment: Phillip Securities downgraded Adobe to Neutral from Buy and cut its price target sharply, reflecting concern that growth may slow even as legacy software remains durable. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent analyst reports. Summit Redstone set a $350.00 price target on shares of Adobe in a research note on Friday, April 17th. BMO Capital Markets reduced their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research note on Friday, June 12th. JPMorgan Chase & Co. decreased their price objective on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Royal Bank Of Canada lowered 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, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus target price of $278.40.

Adobe Price Performance

Adobe stock opened at $219.72 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $87.34 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $386.60. The stock’s fifty day moving average is $232.91 and its two-hundred day moving average is $264.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the business posted $5.06 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Analysts predict that Adobe Inc. will post 19.8 EPS for the current fiscal year.

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

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated 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 transaction, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David A. Ricks bought 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Over 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.