Ritholtz Wealth Management Sells 3,673 Shares of Adobe Inc. $ADBE

Ritholtz Wealth Management cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 44.5% during the first quarter, Holdings Channel reports. The fund owned 4,587 shares of the software company’s stock after selling 3,673 shares during the quarter. Ritholtz Wealth Management’s holdings in Adobe were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Norges Bank acquired a new position in shares of Adobe in the fourth quarter valued at approximately $2,275,165,000. Arrowstreet Capital Limited Partnership increased its position in shares of Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock worth $1,981,448,000 after purchasing an additional 1,952,994 shares during the period. Dodge & Cox increased its holdings in Adobe by 8,006.6% in the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after buying an additional 1,573,849 shares during the period. AQR Capital Management LLC increased its stake in Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after acquiring an additional 920,353 shares during the last quarter. Finally, Amundi increased its stake in shares of Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI image and video enhancement company. Investors may view the deal as a strategic move to strengthen Creative Cloud with better generative AI tools and improve its competitive position. Adobe to Acquire Topaz Labs
• Positive Sentiment: A director, David A. Ricks, bought 10,000 shares at $194.51 each, boosting his stake by more than 130%. Insider buying can signal confidence in Adobe’s outlook after the stock’s pullback. David A. Ricks insider trade
• Positive Sentiment: Recent earnings were strong: Adobe posted record revenue of $6.62 billion and EPS of $5.96, both above estimates, and raised its full-year guidance. That supports the case that the business is still growing despite AI-related worries. Adobe Stock Opinions on Recent Q2 Earnings Report
• Neutral Sentiment: Industry commentary and analyst notes continue to highlight Adobe’s strong cash flow and leadership in creative software, but also raise questions about valuation and competitive pressure from AI tools. Adobe vs. Innodata: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: Adobe remains well below recent highs, and some investors are still focused on whether generative AI could pressure core products like Creative Cloud. This helps explain why the stock has been volatile despite the upbeat news flow.

Adobe Price Performance

Adobe stock opened at $202.73 on Monday. 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 firm’s fifty day moving average price is $236.56 and its two-hundred day moving average price is $269.35. The firm has a market capitalization of $80.59 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $392.58.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, equities research analysts predict that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Adobe announced that its Board of Directors has initiated a share repurchase 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 reacquire up to 24.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Daniel Durn sold 1,336 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 77,091 shares of company stock valued at $18,782,773. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $200.00 target price (down from $350.00) on shares of Adobe in a report on Friday, June 12th. Finally, DA Davidson decreased their price objective on shares of Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given 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 $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.