Adobe Inc. $ADBE Position Decreased by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 43.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,835 shares of the software company’s stock after selling 2,894 shares during the period. Kavar Capital Partners Group LLC’s holdings in Adobe were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Oregon Pacific Wealth Management LLC increased its holdings in shares of Adobe by 4.1% in the fourth quarter. Oregon Pacific Wealth Management LLC now owns 889 shares of the software company’s stock valued at $311,000 after buying an additional 35 shares in the last quarter. BridgePort Financial Solutions LLC acquired a new stake in shares of Adobe during the fourth quarter worth $568,000. Tempus Wealth Planning LLC raised its position in shares of Adobe by 9.4% during the fourth quarter. Tempus Wealth Planning LLC now owns 2,229 shares of the software company’s stock worth $780,000 after purchasing an additional 192 shares during the period. IVC Wealth Advisors LLC lifted its holdings in shares of Adobe by 9.1% during the fourth quarter. IVC Wealth Advisors LLC now owns 3,412 shares of the software company’s stock valued at $1,194,000 after purchasing an additional 286 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its holdings in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Citigroup cut their price target on shares of Adobe from $315.00 to $278.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. DA Davidson set a $300.00 price target on shares of Adobe in a research report on Friday, March 13th. JPMorgan Chase & Co. decreased their price objective on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $343.88.

Adobe Stock Up 0.6%

Shares of Adobe stock opened at $242.92 on Friday. The firm has a market cap of $98.19 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.94 and a beta of 1.52. The stock has a 50-day simple moving average of $264.14 and a 200-day simple moving average of $312.70. Adobe Inc. has a 52-week low of $233.15 and a 52-week 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 0.91.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. 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. On average, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst bullishness and upside targets: some outlets highlight a consensus price target (~$310) implying meaningful upside and list Adobe among undervalued names, supporting investor interest in ADBE’s AI-enabled growth opportunities. Bullish Analyst Sentiment on Adobe (ADBE)
• Positive Sentiment: Enterprise demand/partnerships: Omnicom’s Credera launching a dedicated Adobe practice signals continued enterprise integration and channel support for Adobe’s platform sales. Omnicom Enhances Adobe Practice
• Neutral Sentiment: Media/brand pieces and promotional content (Telegraph case study) are background support but not market-moving on their own. Adobe: Express your innovation
• Negative Sentiment: Street downgrade: William Blair moved ADBE to Market Perform and slashed its price target from $423 to $237, materially lowering near-term analyst conviction and likely pressuring the stock. William Blair Downgrades Adobe (ADBE)
• Negative Sentiment: Legal/terms risk: Adobe is facing potential class actions in California over its terms of use — this raises regulatory, litigation and reputational risk that could weigh on investor sentiment. Adobe juggles potential class actions in California
• Negative Sentiment: Privacy/technical allegations: Reports allege Adobe software may be “rewriting” users’ local files — a PR and product-trust issue that can trigger customer pushback, audits or remediation costs if substantiated. Adobe accused of secretly rewriting users’ computer files
• Negative Sentiment: Competitive/AI threat debate: Analysts and industry commentators (SemiAnalysis, Fortune coverage) are flagging that AI commoditization could erode Adobe’s pricing power and core user loyalty — an existential concern that’s pressuring long-term multiple assumptions. Semianalysis CEO: Adobe faces existential threat from AI commoditization
• Negative Sentiment: Investment-story reset: Analysts are cutting fair-value estimates amid CEO transition, softer net new ARR trends and AI disruption concerns — a recalibration that feeds the recent downgrades and cautious outlooks. Why The Adobe (ADBE) Investment Story Is Shifting

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.