Calamos Advisors LLC Sells 3,028 Shares of Adobe Inc. $ADBE

Calamos Advisors LLC trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,586 shares of the software company’s stock after selling 3,028 shares during the quarter. Calamos Advisors LLC’s holdings in Adobe were worth $26,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Adobe in the third quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Adobe in the third quarter valued at about $27,000. Caitlin John LLC bought a new stake in Adobe in the third quarter valued at about $28,000. Beacon Financial Strategies CORP bought a new stake in Adobe in the fourth quarter valued at about $28,000. Finally, Marquette Asset Management LLC increased its stake in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after acquiring an additional 34 shares during the period. 81.79% of the stock is owned by institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Board authorizes a $25 billion share buyback (through April 2030), signaling management confidence and explicit capital return plans that typically support the stock. Adobe Announces New $25 Billion Stock Repurchase Program
• Positive Sentiment: Adobe showcased agentic AI offerings across CX Enterprise, GenStudio, Firefly and Experience Manager at its Summit and highlighted partnerships (NVIDIA, Amazon, Microsoft, Anthropic, OpenAI) that bolster enterprise go‑to‑market credibility. Adobe bets on AI agents
• Positive Sentiment: Analysts and commentators reacted favorably to the Summit and partnerships; JPMorgan reiterated an Overweight view and flagged upside from Adobe’s AI positioning, helping lift sentiment. Adobe Unleashed: Why Nvidia’s CEO Says This AI Giant Is the Future of Marketing
• Neutral Sentiment: Adobe plans outcome‑based pricing for new AI products — could improve monetization if outcomes are proven, but adoption, measurement and revenue timing remain uncertain. Adobe Plans Outcome-Based Pricing
• Negative Sentiment: Some sell‑side firms have cut price targets or ratings (Morgan Stanley trimmed its target recently), keeping valuation and competitive concerns on the table. Adobe Is One Of The Stocks That Will Collapse Because Of AI
• Negative Sentiment: Short interest rose in mid‑April to roughly 14.7M shares (~3.7% of shares outstanding) — an increase in bearish positioning that can amplify downward moves if sentiment turns.
• Negative Sentiment: Insider activity: CFO Daniel Durn sold ~1,336 shares this week (disclosed via SEC filing), a small but visible insider sale. SEC Form 4 — Daniel Durn
• Negative Sentiment: Broader enterprise software weakness (after ServiceNow/IBM results) pressured the sector and contributed to an earlier pullback, highlighting macro/earnings‑linked downside risk. ServiceNow and IBM earnings reignite AI fears

Analyst Ratings Changes

ADBE has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their target price on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Jefferies Financial Group cut their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Argus reissued a “hold” rating on shares of Adobe in a report on Monday, March 16th. The Goldman Sachs Group cut their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. Finally, HSBC set a $302.00 price objective on Adobe in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $339.88.

Adobe Stock Up 2.7%

Shares of NASDAQ ADBE opened at $245.44 on Friday. The stock has a market cap of $99.21 billion, a PE ratio of 14.29, a PEG ratio of 0.93 and a beta of 1.52. The business has a fifty day moving average of $251.85 and a two-hundred day moving average of $300.05. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last 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. As a group, equities research analysts expect that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

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.