Adobe Inc. $ADBE Shares Sold by Midwest Trust Co

Key Points

• Midwest Trust Co cut its Adobe stake by 12.6% in the fourth quarter, selling 8,064 shares and leaving it with 55,877 shares valued at about $19.6 million.
• Adobe reported strong quarterly results, with EPS of $6.06 and revenue of $6.40 billion, both above analyst expectations; revenue rose 12% year over year.
• The company approved a massive $25 billion share repurchase plan, which would allow Adobe to buy back up to 24.9% of its shares and may signal management sees the stock as undervalued.

Midwest Trust Co lessened its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,877 shares of the software company's stock after selling 8,064 shares during the period. Midwest Trust Co's holdings in Adobe were worth $19,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADBE. Brighton Jones LLC lifted its stake in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after buying an additional 167 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Adobe by 25.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock worth $926,000 after buying an additional 486 shares during the last quarter. United Bank increased its holdings in shares of Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company's stock worth $1,460,000 after buying an additional 428 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Adobe by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock worth $1,017,000 after buying an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Adobe by 190.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock worth $1,069,000 after buying an additional 1,813 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Down 1.4%

Shares of NASDAQ ADBE opened at $253.04 on Friday. 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 fifty day moving average price of $250.40 and a 200 day moving average price of $295.01. The company has a market cap of $102.28 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.99 and a beta of 1.42. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts' consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts' expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its board has authorized a share 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 purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched a new AI-powered productivity agent aimed at improving PDF creation, sharing, podcast generation, and interactive workflows, reinforcing its push to monetize generative AI across its core software ecosystem. Article Title
• Positive Sentiment: Adobe expanded its Adobe Experience Platform through a collaboration with Alluvium to improve healthcare capacity management, suggesting broader enterprise use cases beyond creative software. Article Title
• Positive Sentiment: Adobe is expanding its India presence with a new office in Noida and a seventh campus, which underscores ongoing investment in AI innovation and international growth capacity. Article Title
• Positive Sentiment: Adobe is using National Small Business Week promotions to highlight Adobe Express, which could support adoption among smaller customers and strengthen its AI-driven creative tools narrative. Article Title
• Neutral Sentiment: Recent commentary says Adobe trades at a relatively low valuation after a steep year-to-date decline, but investor sentiment remains cautious and mixed despite GenAI rollout efforts. Article Title
• Neutral Sentiment: Adobe has also been in the news for a recent pullback after a six-session rally, indicating short-term volatility rather than a clear change in fundamentals. Article Title

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of research analyst reports. Mizuho restated a "neutral" rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a report on Monday, April 27th. Royal Bank Of Canada dropped their price objective on Adobe from $400.00 to $350.00 and set an "outperform" rating for the company in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Adobe in a report on Friday, March 13th. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the stock an "outperform" rating in a report on Friday, March 13th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Adobe in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $338.15.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the company'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 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jillian Forusz sold 755 shares of the company'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 completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company's stock, valued at approximately $867,046.25. The trade was 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 ninety days. Insiders own 0.20% of the company's stock.

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.

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