Adobe Inc. $ADBE Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 25.7% in the fourth quarter, Holdings Channel reports. The fund owned 27,505 shares of the software company’s stock after selling 9,538 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Adobe were worth $9,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADBE. Strengthening Families & Communities LLC grew its stake in shares of Adobe by 4.9% in the 4th quarter. Strengthening Families & Communities LLC now owns 4,916 shares of the software company’s stock valued at $1,721,000 after buying an additional 228 shares during the period. Maxi Investments CY Ltd lifted its stake in Adobe by 41.1% during the 4th quarter. Maxi Investments CY Ltd now owns 29,350 shares of the software company’s stock worth $10,272,000 after acquiring an additional 8,550 shares in the last quarter. Fulcrum Asset Management LLP lifted its stake in Adobe by 765.8% during the 4th quarter. Fulcrum Asset Management LLP now owns 29,151 shares of the software company’s stock worth $10,203,000 after acquiring an additional 25,784 shares in the last quarter. ASR Vermogensbeheer N.V. increased its holdings in Adobe by 3.9% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 143,800 shares of the software company’s stock worth $50,326,000 after purchasing an additional 5,446 shares during the period. Finally, Olstein Capital Management L.P. increased its holdings in Adobe by 4.9% during the 4th quarter. Olstein Capital Management L.P. now owns 16,000 shares of the software company’s stock worth $5,600,000 after purchasing an additional 750 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADBE has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. BMO Capital Markets decreased their price objective on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. William Blair cut Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. DA Davidson set a $300.00 price target on Adobe in a report on Friday, March 13th. Finally, Argus reissued a “hold” rating on shares of Adobe in a report on Monday, March 16th. 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 given a Sell rating to the company. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $338.15.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a new AI productivity agent that integrates Acrobat PDF intelligence and can generate rich content (presentations, podcasts, images and text), aiming to deepen Creative Cloud and Acrobat use cases — a product move that could drive adoption, upsells and differentiation. Adobe launches productivity agent with AI-powered PDF tools, podcast creation and interactive sharing
• Positive Sentiment: Coverage highlights a reported ~US$25 billion buyback discussion alongside the AI agent — a large buyback would be EPS‑accretive, signal management confidence, and provide a near‑term floor for the stock if enacted. Will Adobe’s (ADBE) US$25 Billion Buyback and New AI Agent Reshape Its Investment Narrative
• Neutral Sentiment: Multiple tech outlets detail the agent’s PDF/creator features and positioning (practical for enterprises and creators). These product details clarify the roadmap but don’t guarantee adoption timing — helpful for long‑term thesis but mixed for immediate revenue impact. Adobe made an AI agent for PDFs
• Neutral Sentiment: Adobe India execs say India is a key innovation center (significant R&D contribution to Firefly and agent work); region-level execution could accelerate product development but is a longer‑term growth input. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Negative Sentiment: Analysts and market pieces flag that ADBE is down ~27% YTD and now trades at a low P/E (~10), reflecting investor skepticism on SaaS multiples and the pace of GenAI monetization — that bearish backdrop tempers enthusiasm for product headlines. Adobe Falls 27% YTD, Trades at a Discount: What Should Investors Do?
• Negative Sentiment: Short‑term weakness persists: articles noting the stock “sank” during recent sessions point to technical selling and cautious analyst commentary despite the product launch — risk that the market wants clearer adoption/revenue proof. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Critical op‑eds question Adobe’s long‑term trajectory and draw comparisons to past technology falls, adding to negative sentiment that could pressure shares if buybacks or monetization milestones don’t appear. Adobe: The Next Nokia?

Adobe Stock Performance

Adobe stock opened at $256.51 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $250.40 and a two-hundred day moving average of $295.01. The company has a market capitalization of $103.68 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.98 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95.

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

Adobe declared that its Board of Directors has approved a stock 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 buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. The trade was a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 over the last quarter. Company 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.