AdvisorShares Investments LLC Has $7.66 Million Stock Position in Adobe Inc. $ADBE

AdvisorShares Investments LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 37.3% in the 4th quarter, HoldingsChannel reports. The fund owned 21,890 shares of the software company’s stock after purchasing an additional 5,943 shares during the quarter. Adobe comprises 1.3% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 10th largest position. AdvisorShares Investments LLC’s holdings in Adobe were worth $7,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Edgemoor Investment Advisors Inc. grew its stake in Adobe by 55.0% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 4,451 shares of the software company’s stock worth $1,558,000 after buying an additional 1,580 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in Adobe by 73.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,789 shares of the software company’s stock worth $1,676,000 after buying an additional 2,023 shares during the last quarter. Norges Bank purchased a new position in Adobe during the 4th quarter worth $2,275,165,000. Madison Wealth Partners Inc purchased a new stake in Adobe during the 4th quarter valued at about $203,000. Finally, Fort Sheridan Advisors LLC grew its stake in Adobe by 43.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 1,834 shares of the software company’s stock valued at $642,000 after purchasing an additional 554 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. KeyCorp lowered their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Friday, March 13th. Finally, Weiss Ratings downgraded Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $338.15.

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s 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 of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Adobe Price Performance

Shares of Adobe stock opened at $259.21 on Friday. The business has a 50 day simple moving average of $244.11 and a two-hundred day simple moving average of $284.39. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $421.48. The stock has a market capitalization of $104.77 billion, a P/E ratio of 15.10, a PEG ratio of 0.94 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.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the firm earned $5.08 earnings per share. The business’s 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. As a group, analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has authorized a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report

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.