Adobe Inc. $ADBE Shares Sold by Swiss National Bank

Posted by Geri Gentry on Jun 12th, 2026

Swiss National Bank lessened its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,147,060 shares of the software company’s stock after selling 75,740 shares during the period. Swiss National Bank’s holdings in Adobe were worth $401,460,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the 3rd quarter worth about $26,000. Western Pacific Wealth Management LP acquired a new position in Adobe during the 4th quarter worth about $26,000. Caitlin John LLC acquired a new position in Adobe during the 3rd quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new position in Adobe during the 4th quarter worth about $28,000. Finally, TrustBank acquired a new position in Adobe during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the company’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 in the company, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the company’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 owned 359,538 shares in the company, valued at approximately $87,561,884.52. This trade 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 worth $18,782,773 in the last quarter. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADBE. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays lowered Adobe from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $335.00 to $275.00 in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research note on Friday, March 13th. DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. Finally, Summit Redstone set a $350.00 target price on Adobe in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $331.65.

View Our Latest Analysis on Adobe

Adobe Price Performance

Shares of NASDAQ ADBE opened at $218.24 on Friday. The stock’s 50-day moving average is $245.29 and its two-hundred day moving average is $279.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. Adobe Inc. has a 1-year low of $218.09 and a 1-year high of $416.39. The company has a market cap of $88.21 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.42.

Adobe (NASDAQ:ADBE – Get Free Report) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the business earned $5.06 EPS. Adobe’s revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Analysts forecast that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its board has approved a share repurchase 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 reacquire up to 24.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above Wall Street estimates, showing the core business is still beating expectations. Adobe Reports Record Q2 Results
Positive Sentiment: The company raised its FY2026 outlook, guiding revenue to $26.5 billion-$26.6 billion and EPS to $24.35-$24.45, both above analyst consensus, which suggests management sees continued momentum ahead. Adobe raises annual revenue forecast, CFO to exit
Neutral Sentiment: Adobe also said AI-driven demand and higher subscription spending helped drive results, reinforcing that its AI products are contributing to growth, though investors still want clearer proof this will last. Adobe posts record Q2 revenue and raises 2026 outlook
Negative Sentiment: Shares are being weighed down by another senior departure, with CFO Dan Durn set to leave for Marvell, adding to concerns about leadership instability while Adobe is also searching for a new CEO. Adobe is losing another top executive, and investors don’t like it
Negative Sentiment: Investors remain skeptical that Adobe’s AI push will translate into sustained growth, and that uncertainty has kept pressure on the stock even after the earnings beat. Adobe Stock Sinks to Multi-Year Low Ahead of Earnings

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.

The company’s core offerings are organized around digital media and digital experience.