Westside Investment Management Inc. Sells 2,875 Shares of Adobe Inc. $ADBE

Westside Investment Management Inc. reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 91.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 277 shares of the software company’s stock after selling 2,875 shares during the period. Westside Investment Management Inc.’s holdings in Adobe were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after buying an additional 486 shares during the period. United Bank lifted its position in shares of Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after acquiring an additional 428 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after buying an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Adobe by 190.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after purchasing an additional 1,813 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Transactions at Adobe

In related 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 owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Adobe Trading Up 0.5%

Shares of ADBE stock opened at $241.32 on Tuesday. The company’s fifty day simple moving average is $255.76 and its two-hundred day simple moving average is $306.07. 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 Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The stock has a market capitalization of $97.54 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.88 and a beta of 1.52.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $5.08 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

ADBE has been the subject of several recent research reports. TD Cowen decreased their price target on Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. DA Davidson set a $300.00 price objective on shares of Adobe in a report on Friday, March 13th. HSBC set a $302.00 target price on shares of Adobe in a research note on Friday, February 13th. Argus reissued a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Finally, Barclays cut shares of Adobe from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $335.00 to $275.00 in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $343.88.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Tesco partnership ramps Adobe’s commercial AI exposure — Tesco will use Adobe’s AI tools for more personalized marketing across its retail operations, reinforcing Adobe’s enterprise demand story and recurring-revenue potential. Tesco partners with Adobe to ramp up AI‑driven personalised marketing
• Positive Sentiment: Brand and marketing tie‑ins extend Adobe’s ecosystem reach — Adobe joining SPORT BEACH’s advisory board highlights branding and partnership-led growth opportunities outside pure software sales. Adobe Partnerships With Tesco And SPORT BEACH Contrast With Depressed Valuation
• Positive Sentiment: Software-sector rebound is lifting Adobe along with peers — a broad software rally (Salesforce, Snowflake, Adobe) is providing momentum and liquidity flows into large-cap enterprise software names. Salesforce Jumps 5%, Adobe Climbs 6%, Snowflake Rockets 9% in a Broad Software Sector Rebound
• Positive Sentiment: Bullish long-term takes highlight improving fundamentals — several analyst and investor writeups argue Adobe is an attractive long-term growth/value idea despite near-term AI fears, supporting buy-side interest from value-oriented funds. Why Adobe Is A ‘Strong Buy’ Despite The AI Boogeyman
• Neutral Sentiment: BTIG begins coverage with a neutral/hold stance — BTIG’s cautious initiation (neutral rating) signals analyst restraint amid AI uncertainty, which can limit upside despite positive commercial news. Adobe and Figma Stocks Are Up 5% Today, But BTIG Remains Cautious
• Negative Sentiment: AI uncertainty and valuation pressure are constraining sentiment — coverage pieces note that questions about AI product differentiation, competition and a low recent share price (52-week lows) are keeping some ratings and positioning conservative. Adobe And Figma Look Strong But There’s A Catch

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.