Patton Albertson Miller Group LLC Lowers Stock Holdings in Adobe Inc. $ADBE

Patton Albertson Miller Group LLC reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 46.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,203 shares of the software company’s stock after selling 5,284 shares during the period. Patton Albertson Miller Group LLC’s holdings in Adobe were worth $2,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Palmer Knight Co grew its holdings in shares of Adobe by 12.1% during the fourth quarter. Palmer Knight Co now owns 23,656 shares of the software company’s stock worth $8,279,000 after buying an additional 2,545 shares during the last quarter. S Bank Fund Management Ltd boosted its holdings in shares of Adobe by 362.9% in the fourth quarter. S Bank Fund Management Ltd now owns 19,358 shares of the software company’s stock valued at $6,775,000 after acquiring an additional 15,176 shares in the last quarter. RFG Advisory LLC raised its holdings in Adobe by 38.5% during the fourth quarter. RFG Advisory LLC now owns 3,747 shares of the software company’s stock worth $1,311,000 after purchasing an additional 1,041 shares in the last quarter. Stevens Capital Management LP boosted its holdings in Adobe by 6.1% in the 4th quarter. Stevens Capital Management LP now owns 8,720 shares of the software company’s stock valued at $3,052,000 after purchasing an additional 500 shares in the last quarter. Finally, Swedbank AB increased its position in Adobe by 2.7% during the 4th quarter. Swedbank AB now owns 809,241 shares of the software company’s stock worth $283,226,000 after purchasing an additional 21,657 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the firm’s 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 transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp decreased their target price on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research report on Friday, March 13th. BTIG Research began coverage on shares of Adobe in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Friday, March 13th. Mizuho restated a “neutral” rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a report on Monday, April 27th. Finally, Wells Fargo & Company cut their target price on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $338.15.

Adobe Trading Down 2.1%

NASDAQ ADBE opened at $250.17 on Thursday. The company has a market capitalization of $101.12 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.00 and a beta of 1.42. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The company’s fifty day moving average price is $250.37 and its two-hundred day moving average price is $295.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

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

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched an AI “productivity agent” that integrates Acrobat document intelligence to create, summarize and share rich content — a clear product advancement that supports future growth in agentic AI use cases. Adobe’s New Productivity Agent Redefines How People Understand, Create and Share Information
• Positive Sentiment: Adobe finalized its acquisition of Semrush, bolstering capabilities for agentic AI-driven brand visibility and marketing data — strategic for Adobe Experience Cloud and adtech monetization. Adobe (ADBE) Finalizes Acquisition of Semrush Holdings to Power Agentic AI Brand Visibility
• Positive Sentiment: Management’s large $25 billion buyback program signals confidence and supports EPS/share metrics, a potential near-term floor for valuation as Adobe repurchases depressed shares. Adobe’s $25 Billion Buyback Sends a Clear Signal. Yet Shares Remain Dirt Cheap.
• Neutral Sentiment: Adobe highlights India as a major innovation hub ( ~1/3 of global innovation, including Firefly) and sees vertical demand in fashion, travel and e‑commerce — positive for long-term product road map but not an immediate revenue catalyst. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Neutral Sentiment: Macro commentary on the AI/SaaS rotation notes both risk and opportunity — some analysts see recovery potential for select software names, but the sector remains volatile. The Same AI Wave Crushing SaaS Stocks May Be About to Rescue These 3 Names
• Negative Sentiment: Insider selling (reported ~US$19M) and commentary suggesting insider hesitancy can spook investors and is being cited as a headwind. Adobe Insiders Sold US$19m Of Shares Suggesting Hesitancy
• Negative Sentiment: Short-term selling pressure and cautious headlines (including bearish takes comparing Adobe to a fading incumbent and noting a pullback after a rally) are pressuring the stock amid technical weakness. Adobe turns red: On track to log losses after six-session rally
• Negative Sentiment: Market coverage noting the stock “sinks” despite broader market gains reflects mixed analyst tone and may amplify selling momentum. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here’s Why

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.