Spire Wealth Management Sells 15,821 Shares of Adobe Inc. $ADBE

Spire Wealth Management decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 67.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,801 shares of the software company’s stock after selling 15,821 shares during the quarter. Spire Wealth Management’s holdings in Adobe were worth $2,730,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after acquiring an additional 1,952,994 shares during the period. Dodge & Cox lifted its stake in shares of Adobe by 8,006.6% in the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after purchasing an additional 1,573,849 shares during the period. AQR Capital Management LLC lifted its stake in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after purchasing an additional 920,353 shares during the period. Amundi boosted its position in shares of Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Adobe by 112.6% during the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after purchasing an additional 710,357 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

Wall Street Analyst Weigh In

ADBE has been the topic of several analyst reports. DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. The Goldman Sachs Group lowered their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. JPMorgan Chase & Co. reduced their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. UBS Group decreased their price objective on shares of Adobe from $340.00 to $290.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Piper Sandler lowered their target price on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $343.88.

Adobe Stock Performance

NASDAQ ADBE opened at $234.84 on Monday. Adobe Inc. has a one year low of $233.15 and a one year high of $422.95. 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 firm has a market cap of $94.92 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.92 and a beta of 1.53. The stock’s 50-day moving average is $268.38 and its 200-day moving average is $315.21.

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 the consensus estimate of $5.87 by $0.19. The business had revenue of $6.40 billion during 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.08 EPS. 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 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This represents a 3.77% 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. 0.20% of the stock is 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.