TIAA Trust National Association Decreases Stock Position in Adobe Inc. $ADBE

TIAA Trust National Association lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,284 shares of the software company’s stock after selling 4,559 shares during the quarter. TIAA Trust National Association’s holdings in Adobe were worth $9,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP purchased a new position in Adobe in the 4th quarter worth approximately $26,000. Caitlin John LLC purchased a new position in Adobe in the 3rd quarter worth approximately $28,000. Beacon Financial Strategies CORP purchased a new position in Adobe in the 4th quarter worth approximately $28,000. Finally, TrustBank purchased a new position in Adobe in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investors are watching Adobe’s AI initiatives, including Firefly and GenStudio, which could support revenue growth if the company shows stronger adoption and monetization in Thursday’s earnings report. Should You Buy, Sell or Hold Adobe Stock Before Q2 Earnings?
• Positive Sentiment: Some analysts have raised targets or remain constructive on Adobe’s valuation ahead of earnings, implying the stock could rebound if results and forward guidance beat low expectations. Adobe (ADBE) Reports Q2: Everything You Need To Know Ahead Of Earnings
• Neutral Sentiment: Short interest data appears distorted in the feed, but the broader takeaway is that positioning is cautious and traders are bracing for a large move around earnings. Adobe Stock Price Forecast — What Analysts Expect Ahead June 11 Earnings
• Neutral Sentiment: Media coverage is highlighting leadership uncertainty, including speculation about Adobe’s next CEO, which adds another layer of waiting for investors ahead of the report. Adobe needs a new CEO to make bold AI moves, and its choice could be revealed on Thursday
• Negative Sentiment: Bearish commentary from Jim Cramer and other analysts has reinforced concerns that Adobe faces slowing SaaS growth and intensifying competition, helping pressure the stock lower ahead of earnings. Jim Cramer on Adobe: “I Think It’s Not Low Enough to Own”
• Negative Sentiment: Several previews describe Adobe as a “frustrating” or “risky” stock heading into earnings, with macro pressure, GenAI competition, and year-to-date declines weighing on sentiment. Adobe Sinks (ADBE) as Analysts Clash Over ‘Extremely Frustrating Stock’ in Q2 Preview

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s 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 transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. William Blair cut Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Jefferies Financial Group reduced their target price on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. The Goldman Sachs Group reduced their target price on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Stifel Nicolaus reduced their target price on Adobe from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Monday. Finally, BTIG Research assumed coverage on Adobe in a research note on Monday, April 13th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and an average price target of $331.65.

Adobe Stock Performance

Adobe stock opened at $237.88 on Wednesday. The stock has a market cap of $96.15 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $245.94 and a 200-day moving average of $280.44. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $419.82.

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, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the business posted $5.08 earnings per share. The firm’s revenue for the quarter 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, analysts expect that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.