Atria Investments Inc Has $8.83 Million Stock Holdings in Adobe Inc. $ADBE

Atria Investments Inc decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 16.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,225 shares of the software company’s stock after selling 5,043 shares during the period. Atria Investments Inc’s holdings in Adobe were worth $8,828,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ADBE. Beacon Financial Advisory LLC boosted its holdings in Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares in the last quarter. MCF Advisors LLC increased its position in Adobe by 20.8% during 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 raised its holdings in Adobe by 43.1% during the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares in the last quarter. Logan Capital Management Inc. lifted its position 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. Finally, Andina Capital Management LLC boosted its stake in shares of Adobe by 6.0% during the 3rd quarter. Andina Capital Management LLC now owns 583 shares of the software company’s stock worth $206,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $237.01 on Friday. 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 Inc. has a one year low of $224.13 and a one year high of $422.95. The company has a fifty day moving average price of $248.44 and a 200 day moving average price of $291.14. The stock has a market cap of $95.80 billion, a P/E ratio of 13.80, a PEG ratio of 0.92 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results 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 net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business posted $5.08 EPS. The business’s quarterly 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. Analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its agentic AI strategy with a new Acrobat productivity agent that lets users chat with PDFs, pull out key insights, and generate content such as presentations and social posts, reinforcing the company’s push to monetize AI across its software ecosystem. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Positive Sentiment: Adobe is also integrating agentic AI with major tech platforms to automate customer workflows, which could strengthen demand for its digital media and document tools and broaden its enterprise appeal. Adobe (ADBE) Integrates Agentic AI With Major Tech Platforms to Automate Customer Workflows
• Positive Sentiment: Analyst commentary suggests generative AI could expand Adobe’s Digital Media opportunity, with Firefly and Acrobat AI Assistant helping support growth in a business that represents the majority of revenue. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Media coverage is continuing to frame Adobe as a potential rebound story and a long-term value stock, but these pieces are more opinion-driven than catalyst-based. Why Adobe Systems (ADBE) is a top value stock for the long term
• Negative Sentiment: At the same time, reports note that Adobe’s stock has been falling even after an earnings beat, suggesting investors remain focused on concerns such as competition, valuation, and whether AI progress will translate into faster growth. Why Adobe’s stock is falling despite an earnings beat

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the business’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 transaction of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was 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 approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen cut their price objective on Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research note on Tuesday, March 10th. Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the stock an “outperform” rating in a research note on Friday, March 13th. Stifel Nicolaus lowered their target price on shares of Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Summit Redstone set a $350.00 target price on shares of Adobe in a report on Friday, April 17th. Finally, Piper Sandler decreased their price target on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $338.15.

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.