Foster Victor Wealth Advisors LLC Has $18.72 Million Stock Position in Adobe Inc. $ADBE

Key Points

• Foster Victor Wealth Advisors trimmed its Adobe stake by 14.6% in Q4, selling 9,116 shares and now holds 53,472 shares valued at about $18.72 million, making ADBE its 25th-largest position (~1.1% of assets).
• Adobe beat March‑quarter estimates with EPS of $6.06 (vs. $5.87 expected) and revenue of $6.40B (vs. $6.28B), and issued FY2026 guidance of 23.30–23.50 EPS, reinforcing subscription and AI-driven growth prospects.
• Analyst sentiment is mixed: MarketBeat shows a consensus "Hold" with an average target of $343.88 after several price‑target cuts (notably Goldman to $220, Stifel to $400), while the stock trades near $235.72 with a P/E of 13.7 and market cap around $95B.

Foster Victor Wealth Advisors LLC reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,472 shares of the software company's stock after selling 9,116 shares during the quarter. Adobe accounts for about 1.1% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 25th biggest position. Foster Victor Wealth Advisors LLC's holdings in Adobe were worth $18,715,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe during the third quarter valued at about $27,000. Caitlin John LLC acquired a new position in shares of Adobe during the third quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in shares of Adobe during the fourth quarter valued at about $28,000. Finally, Marquette Asset Management LLC grew its holdings in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company's stock valued at $28,000 after buying an additional 34 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ADBE. Stifel Nicolaus dropped their price target on shares of Adobe from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, March 13th. The Goldman Sachs Group dropped their price target on shares of Adobe from $290.00 to $220.00 and set a "sell" rating on the stock in a research report on Friday, March 13th. KeyCorp dropped their price target on shares of Adobe from $310.00 to $235.00 and set an "underweight" rating on the stock in a research report on Friday, March 13th. Piper Sandler dropped their price target on shares of Adobe from $330.00 to $280.00 and set a "neutral" rating on the stock in a research report on Friday, March 13th. Finally, Wells Fargo & Company dropped their price target on shares of Adobe from $420.00 to $405.00 and set an "overweight" rating on the stock in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, Adobe has a consensus rating of "Hold" and an average target price of $343.88.

Adobe Stock Down 1.8%

ADBE opened at $235.72 on Wednesday. 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 50-day moving average is $255.04 and its 200 day moving average is $305.20. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95. The firm has a market capitalization of $95.28 billion, a P/E ratio of 13.73, a PEG ratio of 0.94 and a beta of 1.52.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.87 by $0.19. The business 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 company'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 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. Research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe 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 sale, the chief financial officer owned 41,995 shares of the company's stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe confirmed it beat March-quarter revenue and EPS estimates and provided FY‑2026 guidance, supporting the case for durable subscription and AI-driven revenue growth. Adobe Stock Page / Earnings Summary
• Positive Sentiment: Tesco has partnered with Adobe to expand AI‑driven personalized marketing across its retail operations — a high‑profile commercial win that validates Adobe’s Experience Cloud demand. Tesco partners with Adobe to ramp up AI‑driven personalised marketing
• Positive Sentiment: Adobe is hosting an investor session at Adobe Summit (Apr 21) to present strategy and product roadmaps — management access can reduce uncertainty and help analysts re‑rate estimates if visibility improves. Adobe to Host Investor Session at Adobe Summit
• Positive Sentiment: Analysts and fund letters (Oakmark, Patient Capital) highlight Adobe’s long‑term value driven by subscription growth and AI product expansion, providing institutional support amid the pullback. What Makes Adobe (ADBE) a Valuable Investment Choice?
• Neutral Sentiment: BTIG started coverage with a neutral/hold view, signaling cautious institutional positioning that may limit near‑term upside until AI growth visibility improves. Benzinga Coverage Note
• Neutral Sentiment: Broad screener pieces (Zacks/Yahoo) mention Adobe among names to watch for earnings surprises using Earnings ESP—useful but not an immediate catalyst. These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
• Negative Sentiment: New AI entrants threaten parts of Adobe’s design and web tools market: Anthropic is reported to be targeting AI web‑design, pressuring sentiment for companies in creative‑software. Figma and Wix shares tumble as Anthropic targets AI web design market
• Negative Sentiment: Blackmagic’s DaVinci Resolve 21 adds photo editing features as a free Lightroom/Photoshop alternative — a competitive threat in the creative tools space that could limit pricing power over time. Blackmagic's DaVinci Resolve 21 takes on Adobe Lightroom with a new Photo page - Engadget
• Negative Sentiment: Negative market commentary (e.g., Steve Eisman likening software stock buys to "catching a falling knife") and a broad software selloff are pressuring multiples and investor appetite for high‑growth software names. 'Big Short' Legend Steve Eisman Says Buying Software Stocks Is 'Just Like Catching A Falling Knife'

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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