Adobe Inc. $ADBE Stake Decreased by Savant Capital LLC

Savant Capital LLC lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 85.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,238 shares of the software company’s stock after selling 31,093 shares during the period. Savant Capital LLC’s holdings in Adobe were worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC increased its stake in shares of Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after acquiring an additional 30 shares during the period. SWAN Capital LLC increased its stake in shares of Adobe by 43.1% during the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after acquiring an additional 31 shares during the period. Logan Capital Management Inc. increased its stake in shares of Adobe by 0.3% during the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after acquiring an additional 32 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Adobe by 33.0% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the software company’s stock valued at $47,000 after acquiring an additional 33 shares during the period. Finally, Peoples Bank KS increased its stake in shares of Adobe by 1.6% during the fourth quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after acquiring an additional 33 shares during the period. Institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the firm’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 transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents 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 worth $18,782,773. 0.20% of the stock is owned by insiders.

Adobe Stock Performance

Adobe stock opened at $259.21 on Monday. 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 firm has a market cap of $104.77 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $421.48. The firm’s 50 day moving average price is $244.11 and its two-hundred day moving average price is $284.08.

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 the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous 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, research analysts predict that Adobe Inc. will post 19.15 EPS for the current fiscal year.

Adobe declared that its board has approved 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 reacquire up to 24.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADBE. Royal Bank Of Canada lowered their price objective on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. HSBC set a $302.00 price objective on shares of Adobe in a research note on Friday, February 13th. TD Cowen lowered their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research note on Tuesday, March 10th. The Goldman Sachs Group lowered their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Finally, Jefferies Financial Group lowered their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $338.15.

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.