Adobe Inc. $ADBE Shares Sold by RIA Advisory Group LLC

RIA Advisory Group LLC cut its position in Adobe Inc. (NASDAQ:ADBE) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,096 shares of the software company’s stock after selling 2,926 shares during the quarter. RIA Advisory Group LLC’s holdings in Adobe were worth $1,084,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADBE. Arrowstreet Capital Limited Partnership boosted its position in shares of Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the period. Dodge & Cox boosted its position 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 boosted its position 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 raised its stake in Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after acquiring an additional 742,646 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after acquiring an additional 710,357 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. The trade was a 17.66% 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 valued at $18,782,773 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ADBE. UBS Group reduced their price objective on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the company an “outperform” rating in a research note on Friday, March 13th. William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Robert W. Baird set a $350.00 price objective on Adobe in a research note on Wednesday, January 14th. Finally, TD Cowen reduced their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research note on Tuesday, March 10th. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $338.15.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat and confident guidance: Adobe reported Q1 results and guidance that topped expectations, reinforcing near-term revenue and margin visibility — a key catalyst supporting the rally. Read More.
• Positive Sentiment: $25 billion buyback: The Board authorized a $25B repurchase program (~24.9% of shares outstanding), which supports EPS, reduces float and signals management confidence — a material capital-return tailwind. Read More.
• Positive Sentiment: AI/product momentum: Adobe is pushing agentic and creative AI (Firefly public launch, Summit announcements and third‑party integrations like Anthropic/Claude), which expands stickiness for Creative Cloud and enterprise CX offerings. These product moves support longer‑term growth expectations. Read More. and Read More.
• Neutral Sentiment: Valuation debate and YTD weakness: Commentary asks whether the ~26% YTD decline creates a buying opportunity or reflects genuine execution/valuation concerns — useful for longer‑term investors assessing risk/reward. Read More.
• Neutral Sentiment: Analyst/peer context: Comparative analysis versus peers (e.g., Salesforce) highlights steady revenue but differences in margin/scale — relevant for relative valuation and sector allocation but not an immediate stock mover. Read More.
• Neutral Sentiment: Options/trader interest: Elevated option strategies and trading writeups are driving short‑term flows and volatility but don’t alter fundamentals. Read More.
• Negative Sentiment: Insider sale: CEO Shantanu Narayen sold 75,000 shares (~$18.3M disclosed), which can unsettle some investors even if the sale is personal or pre‑planned. Read More.
• Negative Sentiment: Legal/litigation risk: An investor lawsuit alleges copyright issues around AI training data — potential reputational, regulatory and litigation exposure that could pressure sentiment if it escalates. Read More.

Adobe Stock Performance

Shares of ADBE stock opened at $250.71 on Friday. The company has a market cap of $101.34 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The stock has a 50 day simple moving average of $250.36 and a 200-day simple moving average of $296.91. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities analysts forecast that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its board has authorized a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.