Morningstar Investment Management LLC Reduces Stake in Adobe Inc. $ADBE

25 May 2026, 10:08 by Scott Moore · The Cerbat Gem

Morningstar Investment Management LLC reduced its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 24.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,968 shares of the software company’s stock after selling 6,670 shares during the period. Morningstar Investment Management LLC’s holdings in Adobe were worth $7,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HBK Sorce Advisory LLC boosted its stake in shares of Adobe by 4.6% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,563 shares of the software company’s stock worth $897,000 after buying an additional 113 shares during the last quarter. Allen Capital Group LLC boosted its stake in shares of Adobe by 4.5% in the 4th quarter. Allen Capital Group LLC now owns 7,169 shares of the software company’s stock worth $2,509,000 after buying an additional 309 shares during the last quarter. Todd Asset Management LLC boosted its stake in shares of Adobe by 17.5% in the 4th quarter. Todd Asset Management LLC now owns 72,026 shares of the software company’s stock worth $25,208,000 after buying an additional 10,743 shares during the last quarter. Lathrop Investment Management Co. boosted its stake in shares of Adobe by 1.1% in the 4th quarter. Lathrop Investment Management Co. now owns 27,475 shares of the software company’s stock worth $9,616,000 after buying an additional 300 shares during the last quarter. Finally, Delta Asset Management LLC TN boosted its stake in shares of Adobe by 1.2% in the 4th quarter. Delta Asset Management LLC TN now owns 25,927 shares of the software company’s stock worth $9,074,000 after buying an additional 314 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe is getting fresh buzz from its deeper integration with Google Gemini, including the ability for users to access Photoshop and Premiere Pro tools inside the AI assistant. That could expand Adobe’s reach and strengthen demand for its creative software. Article Title
Positive Sentiment: Articles highlighting Adobe’s Digital Experience business say the company is well positioned to benefit from the digital content boom, with Experience Cloud and AI tools like Firefly and Sensei serving demand in ads and e-commerce. Article Title
Positive Sentiment: Some market commentary argues Adobe looks inexpensive relative to its growth outlook after the broad software selloff, which may be attracting value-oriented investors. Article Title
Neutral Sentiment: Additional coverage says Adobe is using agentic AI to defend its software moat, reinforcing the view that management is leaning into AI to support its competitive position. Article Title
Negative Sentiment: One market recap noted Adobe stock fell in the latest session while the broader market advanced, underscoring continued volatility and investor caution around the name. Article Title
Negative Sentiment: Governance-related headlines are also adding a small overhang, with renewed attention on trading activity tied to Adobe shares amid existing shareholder litigation. Article Title

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the business’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 transaction, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $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 have sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADBE shares. UBS Group dropped their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Sanford C. Bernstein set a $447.00 price target on Adobe and gave the stock an “outperform” rating in a research note on Friday, March 13th. Piper Sandler lowered their target price on Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada lowered their target price on Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Jefferies Financial Group lowered their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus price target of $338.15.

Check Out Our Latest Report on Adobe

Adobe Price Performance

NASDAQ ADBE opened at $244.76 on Monday. The company has a market capitalization of $98.93 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.95 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 fifty day moving average is $245.05 and its 200 day moving average is $287.11. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $421.48.

Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. The company 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%.Adobe’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $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 predict that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its Board of Directors has approved a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About Adobe

(Free Report)

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.