Huntington National Bank Sells 4,925 Shares of Adobe Inc. $ADBE

Key Points

• Huntington National Bank cut its Adobe stake by 26.6% in the fourth quarter, selling 4,925 shares and leaving it with 13,612 shares worth about $4.76 million.
• Adobe has seen notable insider selling, including CFO Daniel Durn and CEO Shantanu Narayen, with insiders selling a combined 77,091 shares over the last 90 days.
• The company reported better-than-expected quarterly results and boosted sentiment with a $25 billion share buyback authorization, though analyst sentiment remains mixed with a consensus rating of Hold.

Huntington National Bank decreased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,612 shares of the software company's stock after selling 4,925 shares during the period. Huntington National Bank's holdings in Adobe were worth $4,764,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ADBE. Western Pacific Wealth Management LP bought a new position in Adobe in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new position in Adobe in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe in the third quarter valued at about $27,000. Caitlin John LLC acquired a new position in Adobe in the third quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Adobe in the fourth quarter valued at about $28,000. Institutional investors own 81.79% of the company's stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock outperformed the broader market in the latest session, suggesting investors are still willing to buy the shares despite recent sector volatility. Adobe Systems (ADBE) Beats Stock Market Upswing: What Investors Need to Know
• Positive Sentiment: Coverage highlighting Adobe as a strong free-cash-flow generator may be supporting the stock by reinforcing its profitability and valuation appeal. Adobe: A Free Cash Flow Machine In Full Gear
• Neutral Sentiment: Adobe Analytics was named a “Champion” in a third-party digital analytics report, which helps validate the product but is unlikely to be a major near-term stock mover on its own. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group's Data Quadrant Report
• Negative Sentiment: Several recent articles continue to frame Adobe as a software name under pressure from generative AI disruption fears, which may be limiting upside and keeping some investors cautious. Adobe vs. Autodesk: Which Creative Software Stock Is the Better Buy?
• Negative Sentiment: Investor commentary that Adobe has “fallen out of favor” suggests sentiment remains fragile, with AI-related concerns still weighing on the stock’s multiple. Adobe (ADBE) Has Fallen Out of Favor. That Might Be the Opportunity

Insider Transactions at Adobe

In other news, 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 transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company's stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The transaction 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 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 sale, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 over the last 90 days. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

ADBE has been the topic of several analyst reports. Piper Sandler cut their target price on Adobe from $330.00 to $280.00 and set a "neutral" rating on the stock in a research note on Friday, March 13th. Oppenheimer reissued a "market perform" rating on shares of Adobe in a research note on Friday, March 13th. Argus reissued a "hold" rating on shares of Adobe in a research note on Monday, March 16th. UBS Group cut their target price on Adobe from $290.00 to $260.00 and set a "neutral" rating on the stock in a research note on Friday, April 17th. Finally, DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Adobe currently has a consensus rating of "Hold" and an average price target of $338.15.

Adobe Trading Up 1.3%

NASDAQ ADBE opened at $241.44 on Friday. The firm has a market cap of $97.59 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.93 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The stock's 50-day moving average is $243.85 and its 200-day moving average is $284.57. Adobe Inc. has a one year low of $224.13 and a one year high of $421.48.

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

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.