RIA Advisory Group LLC Reduces Stake in Adobe Inc. $ADBE

RIA Advisory Group LLC reduced its position in Adobe Inc. (NASDAQ:ADBE) by 48.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,096 shares of the software company’s stock after selling 2,926 shares during the period. RIA Advisory Group LLC’s holdings in Adobe were worth $1,084,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Montag A & Associates Inc. grew its holdings in Adobe by 1.0% during the 4th quarter. Montag A & Associates Inc. now owns 32,613 shares of the software company’s stock valued at $11,414,000 after buying an additional 333 shares during the last quarter. VELA Investment Management LLC grew its holdings in Adobe by 481.7% during the 4th quarter. VELA Investment Management LLC now owns 2,920 shares of the software company’s stock valued at $1,022,000 after buying an additional 2,418 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in Adobe by 121.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 2,463 shares of the software company’s stock valued at $862,000 after buying an additional 1,353 shares during the last quarter. CX Institutional grew its holdings in Adobe by 8.2% during the 4th quarter. CX Institutional now owns 30,208 shares of the software company’s stock valued at $10,572,000 after buying an additional 2,286 shares during the last quarter. Finally, Sandro Wealth Management LLC acquired a new stake in Adobe during the 4th quarter valued at $436,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction 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 transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADBE. Citigroup reiterated a “neutral” rating on shares of Adobe in a report on Friday, April 10th. Morgan Stanley lowered their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. HSBC set a $302.00 target price on Adobe in a report on Friday, February 13th. KeyCorp lowered their target price on Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a report on Friday, March 13th. Finally, Mizuho restated a “neutral” rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $338.15.

Adobe Price Performance

ADBE stock opened at $250.71 on Friday. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95. The stock’s fifty day simple moving average is $250.36 and its 200-day simple moving average is $296.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market capitalization 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.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the firm earned $5.08 earnings per share. The business’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. Equities research analysts expect that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its Board of Directors has authorized a share buyback plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to reacquire up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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 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.