Soltis Investment Advisors LLC Sells 3,527 Shares of Adobe Inc. $ADBE

Soltis Investment Advisors LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 38.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,738 shares of the software company’s stock after selling 3,527 shares during the period. Soltis Investment Advisors LLC’s holdings in Adobe were worth $2,008,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Beacon Financial Advisory LLC lifted its stake in shares of Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares during the period. MCF Advisors LLC increased its holdings in Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after acquiring an additional 30 shares in the last quarter. SWAN Capital LLC increased its holdings in Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after acquiring an additional 31 shares in the last quarter. Logan Capital Management Inc. increased its holdings in Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after acquiring an additional 32 shares in the last quarter. Finally, Andina Capital Management LLC increased its holdings in Adobe by 6.0% in 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 own 81.79% of the company’s stock.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated 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 sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated 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. This trade represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $335.00 to $275.00 in a report on Friday, March 13th. Mizuho reissued a “neutral” rating and issued a $270.00 target price (down from $315.00) on shares of Adobe in a report on Monday, April 27th. Royal Bank Of Canada cut their target price on shares of Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a report on Friday, March 13th. Finally, TD Cowen cut their target price on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $338.15.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Adobe Price Performance

Shares of ADBE opened at $247.60 on Monday. The company has a market cap of $100.08 billion, a PE ratio of 14.42, a P/E/G ratio of 0.97 and a beta of 1.42. The business has a fifty day moving average of $247.93 and a 200 day moving average of $290.36. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its quarterly 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 company 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%.Adobe’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $5.08 earnings per share. 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, sell-side analysts expect that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management 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.