US Bancorp DE Decreases Stake in Adobe Inc. $ADBE

US Bancorp DE reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 29.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,416 shares of the software company’s stock after selling 67,231 shares during the period. US Bancorp DE’s holdings in Adobe were worth $55,794,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Riverbend Wealth Management LLC boosted its position in shares of Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after purchasing an additional 29 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in shares of Adobe by 5.5% during the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Adobe by 20.8% during the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares in the last quarter. Brookwood Investment Group LLC boosted its position in shares of Adobe by 4.4% during the 3rd quarter. Brookwood Investment Group LLC now owns 734 shares of the software company’s stock worth $259,000 after purchasing an additional 31 shares in the last quarter. Finally, New Republic Capital LLC boosted its position in shares of Adobe by 5.6% during the 3rd quarter. New Republic Capital LLC now owns 582 shares of the software company’s stock worth $205,000 after purchasing an additional 31 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Recent earnings and guidance beat underpin confidence in growth and margin sustainability; analysts cite the Q1 outperformance as a near‑term catalyst. Why Adobe Systems (ADBE) Outpaced the Stock Market Today
• Positive Sentiment: Management announced a $25 billion share buyback — a significant capital return that supports EPS and signals confidence from the board. Should You Buy Adobe Stock After the Company’s $25 Billion Share Repurchase Announcement?
• Positive Sentiment: Product and partnership momentum around AI: Firefly went public and Adobe integrations with Claude/third‑party creative tools expand addressable market and stickiness for Creative Cloud/Enterprise customers. Adobe Firefly AI is now live publicly, hoping you’ll talk to an AI and get work done
• Neutral Sentiment: Trading/strategies commentary highlights elevated option activity and macro positioning; useful for traders but less likely to change fundamentals. Adobe Stock: Transform $200 Risk Into An $800 Return With A Butterfly Trade
• Negative Sentiment: CEO Shantanu Narayen sold 75,000 shares (disclosed Apr. 28) — an executive sale that can spook some investors even if it’s pre‑planned or for diversification. Shantanu Narayen Insider Sale Filing
• Negative Sentiment: Legal risk: an investor lawsuit alleges copyright issues around AI training — potential reputational, regulatory and litigation exposure that could pressure the stock if escalated. Adobe Investor Sues Board Over AI Training Copyright Accusations

Insider Activity

In related news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the business’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 completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADBE shares. Morgan Stanley decreased their target price on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. 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. William Blair lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Weiss Ratings lowered shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Finally, Mizuho reiterated a “neutral” rating and issued a $270.00 price objective (down from $315.00) on shares of Adobe in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average target price of $338.15.

Adobe Price Performance

Adobe stock opened at $246.10 on Friday. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $422.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $250.36 and its 200 day simple moving average is $297.20. The firm has a market capitalization of $99.47 billion, a PE ratio of 14.33, a P/E/G ratio of 0.95 and a beta of 1.52.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the firm earned $5.08 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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, equities research analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has authorized a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.