Florida Trust Wealth Management Co Sells 8,395 Shares of Adobe Inc. $ADBE

Key Points

• Florida Trust Wealth Management Co. reduced its stake in Adobe by 22.0%, selling 8,395 shares and retaining 29,736 shares worth about $10.41 million per its latest SEC filing.
• Adobe beat Q1 estimates (EPS $6.06 vs. $5.87; revenue $6.40B vs. $6.28B) and set FY2026 guidance of 23.30–23.50 EPS, but several firms cut price targets and the consensus rating remains "Hold."
• Institutional investors own 81.79% of the company, with large increases from funds like Arrowstreet, Dodge & Cox and AQR amid mixed insider activity, signaling broad repositioning rather than clear conviction.

Florida Trust Wealth Management Co lowered its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,736 shares of the software company's stock after selling 8,395 shares during the quarter. Florida Trust Wealth Management Co's holdings in Adobe were worth $10,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings 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 purchasing an additional 1,952,994 shares during the last quarter. Dodge & Cox boosted its stake in Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company's stock valued at $562,109,000 after buying an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC boosted its stake in Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company's stock valued at $912,705,000 after buying an additional 920,353 shares during the last quarter. Amundi grew its holdings 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 buying an additional 742,646 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Adobe by 112.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company's stock worth $469,467,000 after acquiring an additional 710,357 shares during the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Stock Performance

NASDAQ ADBE opened at $242.92 on Friday. The company has a market cap of $98.19 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.95 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50 day moving average price is $262.98 and its 200-day moving average price is $311.69. Adobe Inc. has a fifty-two week low of $233.15 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE - Get Free Report) 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. Sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the firm's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BMO Capital Markets decreased their price objective on Adobe from $375.00 to $285.00 and set a "market perform" rating on the stock in a report on Friday, March 13th. JPMorgan Chase & Co. reduced their price target on shares of Adobe from $520.00 to $420.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. HSBC set a $302.00 price target on shares of Adobe in a research note on Friday, February 13th. Jefferies Financial Group lowered their price objective on shares of Adobe from $400.00 to $290.00 and set a "hold" rating for the company in a research report on Monday, February 23rd. Finally, TD Cowen dropped their price objective on shares of Adobe from $400.00 to $325.00 and set a "hold" rating for the company in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe has a consensus rating of "Hold" and an average target price of $343.88.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Q1 beat, AI momentum and buyer arguments — Adobe reported solid Q1 results and investors on social channels point to accelerating AI-related ARR, high margins, buyback support and attractive multiples as reasons the selloff may be overdone; these fundamentals support a recovery thesis. Adobe Stock (ADBE) Opinions on Q1 Earnings and CEO Transition
• Positive Sentiment: Bullish analyst views and implied upside — some outlets and analysts still call ADBE undervalued versus a median analyst target near $310, giving upside potential if AI monetization accelerates and guidance holds. Bullish Analyst Sentiment on Adobe (ADBE) Amid Ongoing AI Advancements
• Neutral Sentiment: Insider and institutional flows mixed — recent insider sales and large repositioning by major institutions (some adding, some trimming) signal reallocation rather than a clear directional bet; watch 13F/insider updates for conviction changes. Adobe Stock (ADBE) Opinions on Q1 Earnings and CEO Transition
• Negative Sentiment: William Blair downgrade and lower price target — the downgrade to Market Perform with a steep cut to the target reduces near-term analyst support and can pressure sentiment and flows. William Blair Downgrades Adobe (ADBE) to Market Perform, Lowers PT
• Negative Sentiment: Alleged data breach claim — a threat actor has claimed theft of ~13M support tickets; even unconfirmed, this raises operational and reputational risk and could trigger regulatory scrutiny or customer churn if validated. Speculation mounts over alleged Adobe breach as threat actor claims theft of 13M support tickets
• Negative Sentiment: Legal and product-risk headlines — potential California class actions over terms of use and accusations that Adobe secretly rewrote users’ files add litigation and trust risk that could weigh on enterprise and consumer adoption. Adobe juggles potential class actions in California over its terms of use Adobe accused of secretly rewriting users' computer files
• Negative Sentiment: Strategic risk from AI commoditization — analysts and industry voices warn that AI-driven feature parity (lower-cost competitors or embedded AI in other tools) could erode Adobe’s pricing power over time, complicating the long-term growth story. Semianalysis CEO: Adobe faces existential threat from AI commoditization

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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