Strs Ohio Sells 5,603 Shares of Adobe Inc. $ADBE

Key Points

• Adobe's board authorized a share repurchase program of up to $25 billion (about 24.9% of shares outstanding), a material capital-return move that can support EPS and reduce float.
• The company beat Q1 revenue and EPS expectations and set FY‑2026 guidance of 23.30–23.50 EPS (Q2 guidance 5.80–5.85), reinforcing near‑term revenue and margin visibility.
• Insiders and institutions trimmed positions: CEO Shantanu Narayen sold 75,000 shares for roughly $18.3 million, and STRS Ohio cut its stake by 5.6% (sold 5,603 shares), while institutional ownership remains about 81.8%.

Strs Ohio decreased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,725 shares of the software company's stock after selling 5,603 shares during the quarter. Strs Ohio's holdings in Adobe were worth $33,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe in the third quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought 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 grew its holdings in Adobe by 72.3% in the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company's stock worth $28,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of research analyst reports. William Blair downgraded Adobe from an "outperform" rating to a "market perform" rating in a report on Thursday, March 26th. JPMorgan Chase & Co. lowered their price target on Adobe from $520.00 to $420.00 and set an "overweight" rating for the company in a research report on Friday, March 13th. UBS Group cut their price objective on Adobe from $290.00 to $260.00 and set a "neutral" rating on the stock in a research report on Friday, April 17th. TD Cowen reduced their target price on Adobe from $400.00 to $325.00 and set a "hold" rating on the stock in a research note on Tuesday, March 10th. Finally, DA Davidson set a $300.00 target price on Adobe in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $338.15.

Adobe Stock Up 1.9%

ADBE stock opened at $250.71 on Friday. The company has a market cap of $101.34 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50-day moving average is $250.36 and its two-hundred day moving average is $296.91. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for 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 company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

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

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and confident guidance: Adobe reported Q1 results and guidance that topped expectations, reinforcing near-term revenue and margin visibility — a key catalyst supporting the rally. Read More.
• Positive Sentiment: $25 billion buyback: The Board authorized a $25B repurchase program (~24.9% of shares outstanding), which supports EPS, reduces float and signals management confidence — a material capital-return tailwind. Read More.
• Positive Sentiment: AI/product momentum: Adobe is pushing agentic and creative AI (Firefly public launch, Summit announcements and third‑party integrations like Anthropic/Claude), which expands stickiness for Creative Cloud and enterprise CX offerings. These product moves support longer‑term growth expectations. Read More. and Read More.
• Neutral Sentiment: Valuation debate and YTD weakness: Commentary asks whether the ~26% YTD decline creates a buying opportunity or reflects genuine execution/valuation concerns — useful for longer‑term investors assessing risk/reward. Read More.
• Neutral Sentiment: Analyst/peer context: Comparative analysis versus peers (e.g., Salesforce) highlights steady revenue but differences in margin/scale — relevant for relative valuation and sector allocation but not an immediate stock mover. Read More.
• Neutral Sentiment: Options/trader interest: Elevated option strategies and trading writeups are driving short‑term flows and volatility but don’t alter fundamentals. Read More.
• Negative Sentiment: Insider sale: CEO Shantanu Narayen sold 75,000 shares (~$18.3M disclosed), which can unsettle some investors even if the sale is personal or pre‑planned. Read More.
• Negative Sentiment: Legal/litigation risk: An investor lawsuit alleges copyright issues around AI training data — potential reputational, regulatory and litigation exposure that could pressure sentiment if it escalates. Read More.

Insiders Place Their Bets

In related 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 transaction of $18,265,500.00. Following the sale, the chief executive officer owned 359,538 shares of the company's stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction that occurred on Thursday, April 30th. The stock was 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 in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock worth $18,782,773 in the last ninety days. 0.20% of the stock is owned by company insiders.

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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