Hills Bank & Trust Co Sells 3,744 Shares of Adobe Inc. $ADBE

Hills Bank & Trust Co lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 48.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,990 shares of the software company’s stock after selling 3,744 shares during the period. Hills Bank & Trust Co’s holdings in Adobe were worth $1,396,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe in the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP bought a new stake in Adobe during the 4th quarter worth approximately $26,000. Caitlin John LLC bought a new stake in Adobe during the 3rd quarter worth approximately $28,000. Beacon Financial Strategies CORP bought a new stake in Adobe during the 4th quarter worth approximately $28,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Adobe during the 3rd quarter worth approximately $27,000. Institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. 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 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Adobe Trading Up 4.5%

Shares of ADBE opened at $247.60 on Friday. 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 Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The company has a 50 day simple moving average of $247.93 and a two-hundred day simple moving average of $290.83. The firm has a market cap of $100.08 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the firm posted $5.08 EPS. The company’s revenue was up 12.0% on a year-over-year basis. 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 analysts expect 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 share repurchase plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes 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 board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADBE shares. Summit Redstone set a $350.00 target price on shares of Adobe in a research note on Friday, April 17th. Royal Bank Of Canada decreased their target price 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. 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 note on Friday, March 13th. Sanford C. Bernstein set a $447.00 target price on shares of Adobe and gave the stock an “outperform” rating in a research note on Friday, March 13th. Finally, Citigroup restated a “neutral” rating on shares of Adobe in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.