WealthPLAN Partners LLC Has $283,000 Position in Adobe Inc. $ADBE

WealthPLAN Partners LLC lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 74.6% in the first quarter, HoldingsChannel.com reports. The firm owned 1,164 shares of the software company’s stock after selling 3,423 shares during the period. WealthPLAN Partners LLC’s holdings in Adobe were worth $283,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the 3rd quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Adobe in the 3rd quarter valued at about $27,000. Beacon Financial Strategies CORP bought a new position in Adobe in the 4th quarter valued at about $28,000. Finally, Marquette Asset Management LLC boosted its stake in Adobe by 72.3% during the 4th 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. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Down 0.3%

ADBE stock opened at $220.94 on Thursday. The stock has a market cap of $87.82 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.72 and a beta of 1.43. 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’s fifty day simple moving average is $231.65 and its two-hundred day simple moving average is $261.73. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $384.75.

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

Adobe announced that its board has initiated a share buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy from Hold and raised its price target to $308, which helped reinforce a bullish view that the company’s AI strategy can support longer-term growth. Is Adobe Inc. (ADBE) the Best Beaten Down Technology Stock to Buy Now?
• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI company focused on image and video enhancement, which could strengthen Adobe’s creative software and AI capabilities. Adobe (ADBE) to Acquire Topaz Labs
• Positive Sentiment: Adobe also expanded its GenStudio commerce media offering by integrating LiveRamp purchase data, a move that may improve targeting and workflow automation for advertisers and retailers. Adobe (ADBE) Brings LiveRamp Purchase Data Into GenStudio For Commerce Media
• Neutral Sentiment: Some analysts and commentary say Adobe looks cheap after its selloff, but debate remains over whether the valuation is a true opportunity or a value trap. Adobe’s stock is temptingly cheap. Should investors bite?
• Negative Sentiment: Bank of America reinstated Adobe with an Underperform rating and a $190 price target, arguing that generative AI is increasing competitive pressure on Adobe’s core creative software business. Adobe reinstated at Underperform by Bank of America as AI pressures growth outlook
• Negative Sentiment: Phillip Securities also downgraded Adobe to Neutral, reflecting ongoing concern that AI competition could weigh on future growth. Phillip Securities Downgrades Adobe (ADBE) to Neutral, Here’s What You Should Know

Insider Activity at Adobe

In related news, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several analyst reports. Barclays cut 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. Argus reissued a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Jefferies Financial Group dropped their price objective on Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a research note on Friday, March 13th. Finally, Robert W. Baird lowered their target price on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $275.00.

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.