Ashton Thomas Private Wealth LLC Has $8.01 Million Stock Position in Adobe Inc. $ADBE

Key Points

• Ashton Thomas Private Wealth LLC raised its stake in Adobe (NASDAQ:ADBE) by 92.7% in Q4, buying an additional 11,003 shares to hold 22,876 shares worth about $8.01 million.
• Adobe beat the quarter with EPS of $6.06 and revenue of $6.40 billion (up 12% YoY), set FY2026 EPS guidance of 23.30–23.50, and its board authorized a $25 billion share repurchase (up to 24.9% of outstanding shares).
• Analyst sentiment is mixed: the consensus rating is Hold with a $339.88 price target as some firms cut targets while others remain bullish; institutional ownership is ~81.8% and short interest has recently risen to about 3.7% of shares outstanding.

Ashton Thomas Private Wealth LLC lifted its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 92.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,876 shares of the software company's stock after buying an additional 11,003 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Adobe were worth $8,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ADBE. Arrowstreet Capital Limited Partnership lifted its stake in shares of Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company's stock worth $1,981,448,000 after buying an additional 1,952,994 shares during the last quarter. Dodge & Cox raised its stake in Adobe by 8,006.6% during 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 last quarter. AQR Capital Management LLC raised its stake in Adobe by 55.2% during 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 last quarter. 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 purchasing 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 purchasing an additional 710,357 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ADBE shares. Weiss Ratings cut shares of Adobe from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 6th. Piper Sandler cut their target price on shares of Adobe from $330.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, March 13th. Sanford C. Bernstein set a $447.00 target price on shares of Adobe and gave the company an "outperform" rating in a research note on Friday, March 13th. Jefferies Financial Group cut their target price on shares of Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. Finally, Morgan Stanley cut their target price on shares of Adobe from $425.00 to $365.00 and set an "equal weight" rating for the company in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $339.88.

Adobe Stock Performance

Shares of Adobe stock opened at $245.44 on Monday. The firm has a market capitalization of $99.21 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The company's fifty day moving average price is $251.85 and its two-hundred day moving average price is $299.37. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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, analysts expect that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to reacquire 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.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Board authorizes a $25 billion share buyback (through April 2030), signaling management confidence and explicit capital return plans that typically support the stock. Adobe Announces New $25 Billion Stock Repurchase Program
• Positive Sentiment: Adobe showcased agentic AI offerings across CX Enterprise, GenStudio, Firefly and Experience Manager at its Summit and highlighted partnerships (NVIDIA, Amazon, Microsoft, Anthropic, OpenAI) that bolster enterprise go‑to‑market credibility. Adobe bets on AI agents
• Positive Sentiment: Analysts and commentators reacted favorably to the Summit and partnerships; JPMorgan reiterated an Overweight view and flagged upside from Adobe’s AI positioning, helping lift sentiment. Adobe Unleashed: Why Nvidia's CEO Says This AI Giant Is the Future of Marketing
• Neutral Sentiment: Adobe plans outcome‑based pricing for new AI products — could improve monetization if outcomes are proven, but adoption, measurement and revenue timing remain uncertain. Adobe Plans Outcome-Based Pricing
• Negative Sentiment: Some sell‑side firms have cut price targets or ratings (Morgan Stanley trimmed its target recently), keeping valuation and competitive concerns on the table. Adobe Is One Of The Stocks That Will Collapse Because Of AI
• Negative Sentiment: Short interest rose in mid‑April to roughly 14.7M shares (~3.7% of shares outstanding) — an increase in bearish positioning that can amplify downward moves if sentiment turns.
• Negative Sentiment: Insider activity: CFO Daniel Durn sold ~1,336 shares this week (disclosed via SEC filing), a small but visible insider sale. SEC Form 4 — Daniel Durn
• Negative Sentiment: Broader enterprise software weakness (after ServiceNow/IBM results) pressured the sector and contributed to an earlier pullback, highlighting macro/earnings‑linked downside risk. ServiceNow and IBM earnings reignite AI fears

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the business's 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 sale, the chief financial officer owned 42,833 shares of the company's stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

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.

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