Private Advisor Group LLC Increases Stock Holdings in Adobe Inc. $ADBE

Key Points

• Private Advisor Group LLC raised its Adobe stake by 45.7% in Q3, adding 11,348 shares to hold 36,184 shares worth about $12.76 million per its latest 13F filing.
• Adobe beat Q3 estimates—$5.50 EPS vs. $5.40 and $6.19B revenue—and is deploying new conversational AI features in Photoshop/Firefly and an expanded MLB partnership, which could boost product differentiation and upsell opportunities.
• Analyst sentiment is mixed (consensus "Hold", $383 target); several firms trimmed targets and short interest has risen, creating near‑term downside risk amid intensifying competition in AI‑driven design tools.

Private Advisor Group LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 45.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,184 shares of the software company's stock after purchasing an additional 11,348 shares during the period. Private Advisor Group LLC's holdings in Adobe were worth $12,764,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADBE. LSV Asset Management boosted its stake in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company's stock valued at $28,000 after purchasing an additional 56 shares during the period. Caitlin John LLC purchased a new stake in Adobe during the 3rd quarter worth approximately $28,000. Horizon Financial Services LLC lifted its holdings in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company's stock worth $32,000 after buying an additional 80 shares in the last quarter. Total Investment Management Inc. acquired a new stake in Adobe during the 2nd quarter worth approximately $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in Adobe in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Performance

Shares of ADBE stock opened at $275.13 on Wednesday. The stock's 50-day moving average is $288.69 and its two-hundred day moving average is $324.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a 1 year low of $244.28 and a 1 year high of $443.90. The firm has a market cap of $112.94 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.53.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.81 EPS. Analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADBE shares. Royal Bank Of Canada restated an "outperform" rating and issued a $430.00 price target on shares of Adobe in a research note on Monday. Weiss Ratings lowered Adobe from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. TD Cowen lowered their target price on Adobe from $400.00 to $325.00 and set a "hold" rating for the company in a research note on Tuesday. Piper Sandler restated a "neutral" rating on shares of Adobe in a report on Wednesday, March 4th. Finally, Stifel Nicolaus reduced their price target on Adobe from $480.00 to $450.00 and set a "buy" rating on the stock in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $383.08.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched conversational AI editing in Photoshop and smarter Firefly image‑editing tools (public beta), enhancing product differentiation and upsell potential for Creative Cloud customers. Read More.
• Positive Sentiment: Adobe expanded its MLB partnership to deliver AI‑driven fan experiences — a commercial reference point that can help sell Adobe Experience Cloud and related services to large brands. Read More.
• Neutral Sentiment: Market focus on Q1 results (reporting March 12) is raising volatility — options traders expect a sizeable move and several earnings previews highlight that revenue/EPS beats or a cautious guide could swing the stock either way. Read More.
• Negative Sentiment: Multiple analysts trimmed targets and tone: TD Cowen cut its PT to $325 (hold) and Citigroup reduced its target as well — analyst downgrades are weighing on sentiment and were cited as a near‑term catalyst for the selloff. Read More.
• Negative Sentiment: Short interest rose in February to ~14.3M shares (about 3.5% of shares outstanding, ~2.9 days to cover) — higher short exposure increases downside pressure and volatility into earnings. (Data reported in market notices.)
• Negative Sentiment: Emerging competitors and open‑source AI initiatives (e.g., Veeso, Nvidia’s NemoClaw) highlight intensifying competition in AI‑driven design tools, which could pressure growth assumptions if Adobe’s commercial traction lags. Read More. and Read More.

Insider Buying and Selling

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares of the company's stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently 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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