Cypress Asset Management Inc. TX Has $410,000 Stock Position in Adobe Inc. $ADBE

Key Points

• Cypress Asset Management Inc. TX reduced its stake in Adobe by 83.0%, leaving 1,171 shares worth about $410,000 after selling 5,701 shares in the fourth quarter per its latest 13F filing.
• Adobe's board authorized a $25.0 billion share buyback (up to ~24.9% of shares outstanding through April 2030), signaling strong capital-return intentions from management.
• Adobe topped estimates in the most recent quarter with $6.06 EPS (vs. $5.87 expected) and $6.40B revenue (up 12% y/y), and issued FY2026 guidance of $23.30–$23.50 EPS.

Cypress Asset Management Inc. TX reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,171 shares of the software company's stock after selling 5,701 shares during the quarter. Cypress Asset Management Inc. TX's holdings in Adobe were worth $410,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the 3rd quarter worth $27,000. Caitlin John LLC acquired a new stake in shares of Adobe during the 3rd quarter worth $28,000. Beacon Financial Strategies CORP acquired a new stake in Adobe in the fourth quarter valued at about $28,000. Finally, Marquette Asset Management LLC boosted its stake in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company's stock valued at $28,000 after buying an additional 34 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares of the company's stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Adobe Stock Performance

Shares of ADBE stock opened at $245.44 on Friday. The business's 50-day moving average price is $251.85 and its 200-day moving average price is $300.05. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The firm has a market capitalization of $99.21 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.93 and a beta of 1.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $6.28 billion. During the same period last year, the firm posted $5.08 earnings per share. The business'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. Equities research analysts forecast that Adobe Inc. will post 19.14 EPS for the current year.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on ADBE shares. Barclays lowered Adobe from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $335.00 to $275.00 in a research note on Friday, March 13th. DA Davidson set a $300.00 price objective on Adobe in a research note on Friday, March 13th. Jefferies Financial Group reduced their price objective on Adobe from $400.00 to $290.00 and set a "hold" rating on the stock in a research note on Monday, February 23rd. Summit Redstone set a $350.00 price objective on Adobe in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on Adobe from $520.00 to $420.00 and set an "overweight" rating on the stock in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe currently has an average rating of "Hold" and a consensus price target of $339.88.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Board authorizes a $25 billion share buyback (through April 2030), signaling management confidence and explicit capital return plans that typically support the stock. Adobe Announces New $25 Billion Stock Repurchase Program
• Positive Sentiment: Adobe showcased agentic AI offerings across CX Enterprise, GenStudio, Firefly and Experience Manager at its Summit and highlighted partnerships (NVIDIA, Amazon, Microsoft, Anthropic, OpenAI) that bolster enterprise go‑to‑market credibility. Adobe bets on AI agents
• Positive Sentiment: Analysts and commentators reacted favorably to the Summit and partnerships; JPMorgan reiterated an Overweight view and flagged upside from Adobe’s AI positioning, helping lift sentiment. Adobe Unleashed: Why Nvidia's CEO Says This AI Giant Is the Future of Marketing
• Neutral Sentiment: Adobe plans outcome‑based pricing for new AI products — could improve monetization if outcomes are proven, but adoption, measurement and revenue timing remain uncertain. Adobe Plans Outcome-Based Pricing
• Negative Sentiment: Some sell‑side firms have cut price targets or ratings (Morgan Stanley trimmed its target recently), keeping valuation and competitive concerns on the table. Adobe Is One Of The Stocks That Will Collapse Because Of AI
• Negative Sentiment: Short interest rose in mid‑April to roughly 14.7M shares (~3.7% of shares outstanding) — an increase in bearish positioning that can amplify downward moves if sentiment turns.
• Negative Sentiment: Insider activity: CFO Daniel Durn sold ~1,336 shares this week (disclosed via SEC filing), a small but visible insider sale. SEC Form 4 — Daniel Durn
• Negative Sentiment: Broader enterprise software weakness (after ServiceNow/IBM results) pressured the sector and contributed to an earlier pullback, highlighting macro/earnings‑linked downside risk. ServiceNow and IBM earnings reignite AI fears

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.

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