Adobe Inc. $ADBE Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 2.3% in the 1st quarter, HoldingsChannel reports. The firm owned 629,123 shares of the software company’s stock after selling 14,954 shares during the period. California State Teachers Retirement System’s holdings in Adobe were worth $152,927,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Willis Investment Counsel increased its position in shares of Adobe by 138.9% during the fourth quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after purchasing an additional 23,671 shares in the last quarter. Nicholas Company Inc. lifted its holdings in shares of Adobe by 7.6% in the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after purchasing an additional 12,400 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Adobe by 13.4% in the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock valued at $75,462,000 after purchasing an additional 25,435 shares during the period. Wealthfront Advisers LLC boosted its position in shares of Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after purchasing an additional 6,426 shares during the period. Finally, True North Advisors LLC grew its stake in Adobe by 301.1% during the 4th quarter. True North Advisors LLC now owns 6,493 shares of the software company’s stock worth $2,273,000 after buying an additional 4,874 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 4.8%

NASDAQ:ADBE opened at $249.18 on Wednesday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $376.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $226.30 and its 200-day simple moving average is $249.96. The firm has a market cap of $99.05 billion, a P/E ratio of 14.26, a PEG ratio of 0.80 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the company earned $5.06 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities analysts anticipate that Adobe Inc. will post 19.81 EPS for the current year.

Adobe declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a rebound in software stocks after recent IBM-driven jitters eased. A more favorable sector backdrop helped restore investor interest in enterprise software names, including ADBE. Adobe Stock Rises as Enterprise Software Sentiment Rebounds
• Positive Sentiment: Acxiom research on organizations using or planning to use Adobe CX Enterprise highlights continued enterprise demand for Adobe’s marketing-technology products and the potential for customers to realize more value from their investments. Beyond Satisfaction: How Brands Can Unlock Hidden Value in Their Martech Stack
• Positive Sentiment: Adobe’s planned participation in the Open Source AI Cybersecurity Alliance could strengthen its credibility around trusted and secure AI, an increasingly important issue for enterprise customers. The immediate financial impact is uncertain. Adobe Joins Open Source AI Cybersecurity Alliance
• Positive Sentiment: Analysts are anticipating double-digit year-over-year EPS growth in Adobe’s upcoming third-quarter report, keeping earnings execution and forward guidance as potential catalysts. What to Expect From Adobe’s Q3 2026 Earnings Report

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADBE. Barclays reduced their price objective on Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, June 12th. Bank of America restated an “underperform” rating and set a $190.00 target price on shares of Adobe in a research report on Tuesday, July 7th. Royal Bank Of Canada cut their target price on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a report on Monday, June 8th. The Goldman Sachs Group reduced their price target on shares of Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research report on Friday, June 12th. Finally, Summit Redstone set a $350.00 price target on shares of Adobe in a research note on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $271.30.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were 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. The trade was a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is currently owned by company insiders.

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.