Wealth Advisory Solutions LLC Cuts Stake in Adobe Inc. $ADBE

Wealth Advisory Solutions LLC cut its stake in Adobe Inc. (NASDAQ:ADBE) by 33.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,525 shares of the software company’s stock after selling 2,266 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Adobe were worth $1,596,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADBE. LSV Asset Management lifted its holdings in Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC acquired a new position in Adobe in the 2nd quarter valued at about $31,000. Horizon Financial Services LLC grew its position in Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in shares of Adobe during the 2nd quarter worth $35,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Adobe during the second quarter valued at about $36,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research analyst reports. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Monday, December 22nd. The Goldman Sachs Group initiated coverage on Adobe in a research note on Monday. They set a “sell” rating and a $290.00 target price on the stock. Wells Fargo & Company lowered their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Stifel Nicolaus dropped their target price on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $406.44.

Adobe Stock Down 1.9%

ADBE stock opened at $327.65 on Tuesday. The company’s 50 day moving average is $336.96 and its two-hundred day moving average is $349.26. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $137.15 billion, a P/E ratio of 19.61, a PEG ratio of 1.31 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.