Hixon Zuercher LLC Raises Position in Adobe Inc. $ADBE

Hixon Zuercher LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 39.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,486 shares of the software company’s stock after purchasing an additional 3,543 shares during the quarter. Hixon Zuercher LLC’s holdings in Adobe were worth $3,035,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Willis Investment Counsel lifted its position in Adobe by 138.9% during the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after acquiring an additional 23,671 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Adobe by 112.6% in the third 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 period. Nicholas Company Inc. raised its stake in shares of Adobe by 7.6% in the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after purchasing an additional 12,400 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Adobe by 13.4% in the fourth quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after purchasing an additional 25,435 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of Adobe by 13.2% during the fourth quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after purchasing an additional 6,426 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Up 1.3%

Shares of ADBE stock opened at $197.43 on Wednesday. The stock has a 50 day moving average of $239.12 and a 200 day moving average of $272.31. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock has a market cap of $78.48 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.68 and a beta of 1.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $392.58.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the company posted $5.06 earnings per share. Adobe’s revenue for the quarter was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, sell-side analysts expect that Adobe Inc. will post 19.73 EPS for the current year.

Adobe announced that its board has approved a share buyback plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Adobe

In related 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 completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last three months. Company insiders own 0.20% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its AI strategy with new agency, technology, and systems-integration partnerships announced at Cannes Lions, which could strengthen its position in marketing and content workflows. Adobe Accelerates Agentic AI Adoption Through New Agency and Technology Partnerships
• Positive Sentiment: LiveRamp announced an integration with Adobe GenStudio for Commerce Media Networks, adding commerce purchase data to Adobe’s campaign tools and supporting better targeting for advertisers. LiveRamp Partners with Adobe to Bring Commerce Purchase Data into GenStudio for Commerce Media Networks
• Positive Sentiment: Several recent articles argue Adobe looks undervalued after its sharp decline, citing a compelling forward P/E and potential for a rebound, which may be drawing bargain hunters. Adobe Stock Poised for 35% Rebound Despite Recent Selloff
• Neutral Sentiment: Analyst and opinion pieces are mixed: some highlight Adobe’s strong free cash flow and attractive valuation, while others warn of margin pressure and continued AI disruption concerns. Adobe vs. Duolingo: Which Technology Stock Is a Better Buy in 2026?
• Neutral Sentiment: Citi reportedly cut its price target on Adobe while keeping a Neutral rating, signaling that Wall Street remains cautious even after the company’s solid quarterly results. Citi Cuts PT on Adobe Inc. (ADBE)
• Negative Sentiment: Some commentary says Adobe could face margin degradation ahead, and the stock remains under pressure from the broader software selloff tied to AI and regulatory concerns. Adobe: I See Margins Degradation Ahead
• Negative Sentiment: Adobe also has an executive overhang, with the company still searching for a new CEO and its CFO set to depart, adding uncertainty for investors. Massive News for Adobe Stock Investors!

Analyst Ratings Changes

A number of equities research analysts recently commented on ADBE shares. Barclays dropped their target price on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Robert W. Baird decreased their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Wells Fargo & Company dropped their price objective on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $278.16.

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.