Adobe Inc. $ADBE Shares Sold by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 82.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,085 shares of the software company’s stock after selling 9,992 shares during the period. Van Hulzen Asset Management LLC’s holdings in Adobe were worth $427,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. MCF Advisors LLC lifted its stake in shares of Adobe by 65.3% during the second quarter. MCF Advisors LLC now owns 443 shares of the software company’s stock worth $91,000 after buying an additional 175 shares during the period. Archford Capital Strategies LLC acquired a new position in shares of Adobe in the 2nd quarter valued at $3,370,000. National Pension Service raised its stake in Adobe by 3.4% in the 2nd quarter. National Pension Service now owns 1,199,301 shares of the software company’s stock worth $245,881,000 after acquiring an additional 39,854 shares during the last quarter. Cidel Asset Management Inc. raised its stake in Adobe by 24.9% in the 2nd quarter. Cidel Asset Management Inc. now owns 3,153 shares of the software company’s stock worth $646,000 after acquiring an additional 629 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in Adobe by 21.9% during the 2nd quarter. NorthRock Partners LLC now owns 3,075 shares of the software company’s stock worth $630,000 after acquiring an additional 552 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Ricks bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is owned by company insiders.

Adobe Stock Down 2.4%

Shares of ADBE opened at $248.83 on Friday. The company has a market capitalization of $98.91 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.89 and a beta of 1.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. The stock’s 50-day moving average price is $252.89 and its 200-day moving average price is $245.59. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same period last year, the business earned $5.31 earnings per share. Adobe’s quarterly revenue was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, sell-side analysts predict that Adobe Inc. will post 19.83 EPS for the current year.

Analyst Ratings Changes

ADBE has been the topic of a number of research reports. Robert W. Baird cut their price objective on Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. JPMorgan Chase & Co. decreased their target price on Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, June 12th. UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a research report on Tuesday, July 21st. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Adobe in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and an average target price of $280.32.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, while adjusted EPS of $6.13 exceeded the $6.08 consensus estimate. GAAP EPS was $4.62, and operating cash flow reached $2.52 billion. Adobe Reports Record Q3 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook, calling for adjusted EPS of $24.45 to $24.50 and revenue of approximately $26.6 billion. Fourth-quarter adjusted EPS guidance of $6.30 to $6.35 is also above the $6.09 analyst consensus. Adobe Hits 1 Billion Monthly Active Users, Raises Full-Year Outlook
• Positive Sentiment: Adobe said AI-first annual recurring revenue grew more than 150% year over year, total ARR reached $27.5 billion, and monthly active users across its creativity and productivity products surpassed 1 billion. The results support management’s strategy of embedding AI into products such as Acrobat and Firefly. Adobe posts record quarter, lifts guidance as AI push pays off
• Neutral Sentiment: Adobe repurchased approximately 9.5 million shares during the quarter, which may support per-share results, although reported insider activity showed selling rather than buying by several executives.
• Negative Sentiment: Wall Street’s reaction was muted because investors wanted stronger evidence that Adobe’s AI offerings are accelerating growth. Analysts noted that, in the current environment, merely meeting or modestly exceeding estimates may not be enough. Adobe’s latest earnings leave Wall Street wanting more
• Negative Sentiment: Investors remain concerned about competition from Microsoft, Alphabet and AI-native tools, as well as the recently announced CEO transition. OpenAI’s reported restriction on advertising from competing image- and audio-generation companies, including Adobe, adds another competitive and distribution risk. OpenAI restricts rival AI ad campaigns in ChatGPT

Adobe Company Profile

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.