Allworth Financial LP Cuts Stock Position in Adobe Inc. $ADBE

Allworth Financial LP reduced its position in Adobe Inc. (NASDAQ:ADBE) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,477 shares of the software company’s stock after selling 2,905 shares during the quarter. Allworth Financial LP’s holdings in Adobe were worth $3,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADBE. Western Pacific Wealth Management LP purchased a new position in Adobe in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Adobe in the third quarter valued at about $27,000. Caitlin John LLC purchased a new position in Adobe in the third quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in Adobe in the fourth quarter valued at about $28,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

ADBE stock opened at $247.60 on Friday. 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 capitalization of $100.08 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.97 and a beta of 1.42. The business’s 50-day moving average is $247.93 and its two-hundred day moving average is $290.83. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $422.95.

Adobe (NASDAQ:ADBE) last announced 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. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the business posted $5.08 EPS. The company’s revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has authorized a share 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 repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Adobe

In other Adobe news, 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 value of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADBE. Citigroup reaffirmed a “neutral” rating on shares of Adobe in a research note on Friday, April 10th. DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. UBS Group reduced their target price on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Summit Redstone set a $350.00 target price on Adobe in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average target price of $338.15.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

About Adobe

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.