Kingsview Wealth Management LLC Sells 18,983 Shares of Adobe Inc. $ADBE

Kingsview Wealth Management LLC lessened its position in Adobe Inc. (NASDAQ:ADBE) by 74.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,436 shares of the software company’s stock after selling 18,983 shares during the period. Kingsview Wealth Management LLC’s holdings in Adobe were worth $2,253,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ADBE. Arrowstreet Capital Limited Partnership increased its stake in Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares in the last quarter. Dodge & Cox increased its position in shares of Adobe by 8,006.6% during the third quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock worth $562,109,000 after acquiring an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares in the last quarter. Amundi increased its position in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after acquiring an additional 742,646 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Adobe by 112.6% during the third 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 in the last quarter. Institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho reissued a “neutral” rating and set a $270.00 price objective (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the stock an “outperform” rating in a research report on Friday, March 13th. Finally, UBS Group lowered their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average target price of $338.15.

Adobe Stock Up 7.4%

Adobe stock opened at $259.21 on Friday. The company has a market cap of $104.77 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $421.48. The company has a fifty day simple moving average of $244.11 and a 200 day simple moving average of $284.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm 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. Research analysts anticipate that Adobe Inc. will post 19.15 earnings per share for the current fiscal year.

Adobe announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.

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.