Three Seasons Wealth LLC Decreases Position in Adobe Inc. $ADBE

Three Seasons Wealth LLC lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 61.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,897 shares of the software company’s stock after selling 3,004 shares during the quarter. Three Seasons Wealth LLC’s holdings in Adobe were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe in the 3rd quarter valued at approximately $27,000. Beacon Financial Strategies CORP purchased a new stake in Adobe in the 4th quarter valued at approximately $28,000. Finally, Marquette Asset Management LLC increased its position in Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ADBE. Phillip Securities cut Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Freedom Capital lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. JPMorgan Chase & Co. decreased their price target on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Royal Bank Of Canada lowered their price target on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Finally, Piper Sandler cut their price objective on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $275.00.

Adobe Stock Performance

Shares of ADBE stock opened at $224.56 on Thursday. 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 company has a market cap of $89.26 billion, a PE ratio of 12.85, a P/E/G ratio of 0.74 and a beta of 1.43. The company’s fifty day simple moving average is $229.32 and its 200-day simple moving average is $257.16. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $376.16.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for 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 revenue was up 12.7% on a year-over-year basis. During the same period last year, the business 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. As a group, equities research analysts anticipate that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its Board of Directors has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is drawing bullish attention after reports that AI-first net new annualized recurring revenue is running at roughly 3x last year’s level, and that the company is acquiring Topaz Labs to deepen its AI-powered creative tools. Adobe (ADBE) Buys Topaz Labs As AI Revenue Runs At 3x Prior Year
• Positive Sentiment: Several technical and momentum-focused notes point to improving trading sentiment, including a breakout above the 50-day moving average and a Zacks ranking that flags Adobe as a top momentum stock. Adobe Systems (ADBE) Recently Broke Out Above the 50-Day Moving Average
• Positive Sentiment: Industry research highlighting fast-growing demand for content intelligence and generative AI could support Adobe’s long-term growth narrative, especially given its role in enterprise content creation and management. Content Intelligence Market to Reach $39.88 Billion by 2035 as Generative AI Transforms Enterprise Content Operations
• Neutral Sentiment: Commentary from Adobe’s CMO about AI changing brand discovery underscores the company’s strategic relevance in AI-driven marketing, but it is more of a narrative update than a direct financial catalyst. Adobe CMO Lara Balazs Says AI Is Rewriting Brand Discovery
• Neutral Sentiment: Analyst-style pieces argue Adobe’s AI growth is helping challenge the bear case, but the articles are largely opinion-based and do not add new hard numbers. Adobe’s (ADBE) AI Growth Challenges the Bear Case
• Negative Sentiment: Software stocks, including Adobe, came under pressure after IBM warned on revenue, raising concern that enterprise customers may be tightening software budgets to fund other IT spending. IBM Warning Hits Software Stocks
• Negative Sentiment: Another market-wrap article noted Adobe trading lower alongside peers after the IBM warning, reinforcing worries about enterprise spending and near-term demand for software vendors. Adobe, ServiceNow, and Appian Stocks Trade Down, What You Need To Know
• Negative Sentiment: A Seeking Alpha piece questions whether Adobe’s creativity and AI strategy are enough to justify the stock’s valuation, suggesting some investors still see upside limits. Adobe: Creativity Is Necessary To Justify The Stock Price

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.