Advocacy Wealth Management LLC Has $7.95 Million Stock Holdings in Adobe Inc. $ADBE

Advocacy Wealth Management LLC cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,724 shares of the software company’s stock after selling 2,593 shares during the quarter. Advocacy Wealth Management LLC’s holdings in Adobe were worth $7,953,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADBE. MCF Advisors LLC lifted its stake in shares of Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after buying an additional 30 shares during the last quarter. SWAN Capital LLC lifted its stake in shares of Adobe by 43.1% in the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after buying an additional 31 shares during the last quarter. Logan Capital Management Inc. lifted its stake in shares of Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after buying an additional 32 shares during the last quarter. Peoples Bank KS raised its stake in Adobe by 1.6% during the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after purchasing an additional 33 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Adobe by 16.1% during the 4th quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock valued at $86,000 after purchasing an additional 34 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Neutral Sentiment: Adobe is one of the key earnings names to watch this week, with implied volatility likely to stay elevated as investors brace for a post-earnings move. Earnings Volatility Watch: Oracle, Adobe And 8 Stocks Set For Big Swings This Week
• Neutral Sentiment: Wall Street is focused on Adobe’s upcoming quarterly results and key operating metrics, with analysts looking beyond revenue and EPS for signs of business momentum. Curious about Adobe (ADBE) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: Some commentary says Adobe’s shares are near a key test area before earnings, reflecting concern that the stock could remain range-bound until management provides a clearer outlook. Adobe Stock Struggling with Pressure Ahead of Earnings
• Neutral Sentiment: Investors are also weighing Adobe’s valuation and whether buybacks alone can support the stock if growth remains under pressure. Adobe: Buybacks Are The Only Answer In Upcoming Earnings (Rating Downgrade)
• Negative Sentiment: Bearish articles highlight Adobe’s recent weakness, its year-to-date decline, and concerns that competition in AI-powered creative software could keep sentiment fragile into earnings. Adobe (ADBE) Stock Faces Critical Q2 Earnings Test Amid 29% YTD Decline
• Negative Sentiment: Another note says Adobe stock has formed a risky pattern and could sell off further after results if the company fails to reassure investors about growth. Cheap Adobe stock has formed a risky pattern: will it crash after earnings?

Analysts Set New Price Targets

Several equities analysts recently commented on ADBE shares. BTIG Research began coverage on shares of Adobe in a research note on Monday, April 13th. They set a “neutral” rating for the company. Jefferies Financial Group dropped their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Summit Redstone set a $350.00 price target on shares of Adobe in a research note on Friday, April 17th. Finally, Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Friday, March 13th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $331.65.

Adobe Trading Down 2.6%

Shares of NASDAQ ADBE opened at $244.99 on Tuesday. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $419.82. The firm has a market capitalization of $99.02 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.98 and a beta of 1.42. 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 company’s 50 day simple moving average is $245.88 and its 200 day simple moving average is $281.00.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the business earned $5.08 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, analysts predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its Board of Directors has authorized a share buyback program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock worth $18,782,773 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Adobe 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.