GRIMES & Co WEALTH MANAGEMENT LLC Decreases Stock Holdings in Adobe Inc. $ADBE

Key Points

• GRIMES & Co Wealth Management LLC reduced its Adobe stake by 25.7% in Q4, selling 9,538 shares and finishing with 27,505 shares valued at about $9.63 million.
• Adobe's board authorized a $25 billion share repurchase (up to 24.9% of outstanding shares) and unveiled a new AI productivity agent—moves that could be EPS‑accretive and support monetization if adoption follows.
• Corporate insiders have been net sellers recently: CEO Shantanu Narayen sold 75,000 shares (~$18.3M) and insiders sold 77,091 shares over 90 days, while the stock is down roughly 27% YTD and carries a consensus "Hold" rating.

GRIMES & Co WEALTH MANAGEMENT LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 25.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,505 shares of the software company's stock after selling 9,538 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Adobe were worth $9,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADBE. Measured Wealth Private Client Group LLC purchased a new stake in Adobe during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe during the 3rd quarter valued at $27,000. Caitlin John LLC purchased a new stake in Adobe during the 3rd quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new stake in Adobe during the 4th quarter valued at $28,000. Finally, Marquette Asset Management LLC raised its holdings in Adobe by 72.3% during the 4th 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 during the period. 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: Adobe unveiled a new AI productivity agent that integrates Acrobat PDF intelligence and can generate rich content (presentations, podcasts, images and text), aiming to deepen Creative Cloud and Acrobat use cases — a product move that could drive adoption, upsells and differentiation. Adobe launches productivity agent with AI-powered PDF tools, podcast creation and interactive sharing
• Positive Sentiment: Coverage highlights a reported ~US$25 billion buyback discussion alongside the AI agent — a large buyback would be EPS‑accretive, signal management confidence, and provide a near‑term floor for the stock if enacted. Will Adobe's (ADBE) US$25 Billion Buyback and New AI Agent Reshape Its Investment Narrative
• Neutral Sentiment: Multiple tech outlets detail the agent’s PDF/creator features and positioning (practical for enterprises and creators). These product details clarify the roadmap but don’t guarantee adoption timing — helpful for long‑term thesis but mixed for immediate revenue impact. Adobe made an AI agent for PDFs
• Neutral Sentiment: Adobe India execs say India is a key innovation center (significant R&D contribution to Firefly and agent work); region-level execution could accelerate product development but is a longer‑term growth input. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Negative Sentiment: Analysts and market pieces flag that ADBE is down ~27% YTD and now trades at a low P/E (~10), reflecting investor skepticism on SaaS multiples and the pace of GenAI monetization — that bearish backdrop tempers enthusiasm for product headlines. Adobe Falls 27% YTD, Trades at a Discount: What Should Investors Do?
• Negative Sentiment: Short‑term weakness persists: articles noting the stock “sank” during recent sessions point to technical selling and cautious analyst commentary despite the product launch — risk that the market wants clearer adoption/revenue proof. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here's Why
• Negative Sentiment: Critical op‑eds question Adobe’s long‑term trajectory and draw comparisons to past technology falls, adding to negative sentiment that could pressure shares if buybacks or monetization milestones don’t appear. Adobe: The Next Nokia?

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 359,538 shares of the company's stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of the firm's stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares of the company's stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. BMO Capital Markets decreased their price target on Adobe from $375.00 to $285.00 and set a "market perform" rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group decreased their price target on Adobe from $290.00 to $220.00 and set a "sell" rating on the stock in a report on Friday, March 13th. DA Davidson set a $300.00 price objective on Adobe in a research report on Friday, March 13th. Weiss Ratings downgraded Adobe from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 6th. Finally, JPMorgan Chase & Co. cut their price objective on Adobe from $520.00 to $420.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe presently has a consensus rating of "Hold" and an average target price of $338.15.

Adobe Price Performance

ADBE opened at $256.51 on Friday. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95. 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 business's fifty day simple moving average is $250.40 and its 200-day simple moving average is $295.01. The company has a market capitalization of $103.68 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.98 and a beta of 1.42.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, equities research analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has initiated a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are 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.

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