Roberts Wealth Advisors LLC Sells 3,002 Shares of Adobe Inc. $ADBE

Roberts Wealth Advisors LLC decreased its position in Adobe Inc. (NASDAQ:ADBE) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,535 shares of the software company’s stock after selling 3,002 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Adobe were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ADBE. CX Institutional boosted its stake in shares of Adobe by 72.9% during the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after purchasing an additional 11,769 shares during the period. Wright Investors Service Inc. grew its holdings in Adobe by 114.4% during the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock valued at $3,499,000 after purchasing an additional 5,293 shares during the last quarter. Federated Hermes Inc. raised its position in Adobe by 185.1% in the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after purchasing an additional 583,275 shares during the period. Jones Financial Companies Lllp raised its position in Adobe by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after purchasing an additional 32,448 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Adobe by 112.6% in the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after purchasing an additional 710,357 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of ADBE stock opened at $237.25 on Thursday. The company has a market capitalization of $97.39 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.93 and a beta of 1.53. The company’s 50-day simple moving average is $270.87 and its two-hundred day simple moving average is $317.11. Adobe Inc. has a one year low of $233.79 and a one year high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 1.00.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. The firm 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 company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strategic AI partnership with NVIDIA positions Adobe to accelerate generative-AI content creation and marketing automation, which could expand product moat and revenue upside from Firefly and marketing suites. Adobe (ADBE)-NVIDIA Alliance Targets Next Wave of AI Content Creation
• Positive Sentiment: Adobe is acquiring Semrush for ~$1.9B and linking that deal to its NVIDIA work—this accelerates Adobe’s push into AI-driven marketing, search and analytics, diversifying growth beyond creative tools. Adobe Links Semrush Deal And NVIDIA Alliance To AI Marketing Future
• Positive Sentiment: Q1 results beat consensus on both revenue ($6.40B) and EPS ($6.06); Adobe also has a large $25B buyback program and healthy free cash flow—factors that support valuations and potential per‑share upside. Adobe (ADBE) Reports Strong Earnings Despite Leadership Transition Concern
• Positive Sentiment: Analyst and momentum coverage highlights Adobe as a momentum/value candidate for some investors given lower price levels and long-term AI opportunities. Here’s Why Adobe Systems (ADBE) is a Strong Momentum Stock
• Neutral Sentiment: Telestream announced tighter integration with Adobe-centric pipelines and workflow automation—incremental product ecosystem wins that may help enterprise adoption but are not transformational alone. Telestream Unlocks Adobe-Centric Media Pipeline and Streamlined Workflow Automation
• Neutral Sentiment: Marketing promotions (50% Firefly offers) and product growth (Firefly ARR gains referenced in social summaries) support adoption but are short‑term demand drivers. Turn images into video and save 50% for 12 months with Adobe Firefly
• Neutral Sentiment: Talent moves — a former Adobe architect joined NeutronX — are notable industry signals but have limited direct impact on Adobe’s near-term financials. NeutronX Appoints Former Adobe Enterprise Architect
• Negative Sentiment: Investor litigation/investigation alert from Scott+Scott targets Adobe’s directors and officers for alleged fiduciary breaches—adds legal/overhang risk and can pressure sentiment if escalated. ADOBE, INC. INVESTOR ALERT: Scott+Scott Investigates Adobe Directors and Officers
• Negative Sentiment: CEO Shantanu Narayen’s announced transition continues to weigh on sentiment and has prompted analyst resets; leadership uncertainty is cited repeatedly as the main near-term driver of share weakness despite solid earnings. Adobe Stock (ADBE) Opinions on Earnings and CEO Transition
• Negative Sentiment: Broader software‑sector selling and competitive threats from new browser/AI tools (e.g., Claude and free AI generators) are cited as additional negative pressure on Adobe’s multiples and growth expectations. Adobe (ADBE) Reports Strong Earnings Despite Leadership Transition Concern

Analysts Set New Price Targets

ADBE has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a report on Friday, March 13th. Stifel Nicolaus dropped their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 13th. Wells Fargo & Company cut their price objective on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Finally, DA Davidson set a $300.00 target price on Adobe in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average price target of $343.88.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction 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 completion of the sale, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

About Adobe

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.