Foster Victor Wealth Advisors LLC Sells 9,116 Shares of Adobe Inc. $ADBE

Foster Victor Wealth Advisors LLC decreased its stake in Adobe Inc. (NASDAQ:ADBE) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,472 shares of the software company’s stock after selling 9,116 shares during the period. Adobe accounts for about 1.1% of Foster Victor Wealth Advisors LLC’s holdings, making the stock its 25th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Adobe were worth $18,715,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Riverbend Wealth Management LLC increased its stake in shares of Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after purchasing an additional 29 shares in the last quarter. Beacon Financial Advisory LLC increased its stake in shares of Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after purchasing an additional 30 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares in the last quarter. Orrstown Financial Services Inc. increased its stake in shares of Adobe by 1.2% in the third quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock worth $927,000 after purchasing an additional 31 shares in the last quarter. Finally, Brookwood Investment Group LLC increased its stake in shares of Adobe by 4.4% in the third quarter. Brookwood Investment Group LLC now owns 734 shares of the software company’s stock worth $259,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $235.72 on Wednesday. The company has a 50 day moving average of $255.04 and a 200 day moving average of $305.20. The stock has a market cap of $95.28 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.94 and a beta of 1.52. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADBE. Robert W. Baird set a $350.00 target price on shares of Adobe in a research note on Wednesday, January 14th. BTIG Research began coverage on shares of Adobe in a research note on Monday. They issued a “neutral” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research note on Monday, March 9th. DA Davidson set a $300.00 target price on shares of Adobe in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. reduced their target price 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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: Adobe confirmed it beat March-quarter revenue and EPS estimates and provided FY‑2026 guidance, supporting the case for durable subscription and AI-driven revenue growth. Adobe Stock Page / Earnings Summary
• Positive Sentiment: Tesco has partnered with Adobe to expand AI‑driven personalized marketing across its retail operations — a high‑profile commercial win that validates Adobe’s Experience Cloud demand. Tesco partners with Adobe to ramp up AI‑driven personalised marketing
• Positive Sentiment: Adobe is hosting an investor session at Adobe Summit (Apr 21) to present strategy and product roadmaps — management access can reduce uncertainty and help analysts re‑rate estimates if visibility improves. Adobe to Host Investor Session at Adobe Summit
• Positive Sentiment: Analysts and fund letters (Oakmark, Patient Capital) highlight Adobe’s long‑term value driven by subscription growth and AI product expansion, providing institutional support amid the pullback. What Makes Adobe (ADBE) a Valuable Investment Choice?
• Neutral Sentiment: BTIG started coverage with a neutral/hold view, signaling cautious institutional positioning that may limit near‑term upside until AI growth visibility improves. Benzinga Coverage Note
• Neutral Sentiment: Broad screener pieces (Zacks/Yahoo) mention Adobe among names to watch for earnings surprises using Earnings ESP—useful but not an immediate catalyst. These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
• Negative Sentiment: New AI entrants threaten parts of Adobe’s design and web tools market: Anthropic is reported to be targeting AI web‑design, pressuring sentiment for companies in creative‑software. Figma and Wix shares tumble as Anthropic targets AI web design market
• Negative Sentiment: Blackmagic’s DaVinci Resolve 21 adds photo editing features as a free Lightroom/Photoshop alternative — a competitive threat in the creative tools space that could limit pricing power over time. Blackmagic’s DaVinci Resolve 21 takes on Adobe Lightroom with a new Photo page – Engadget
• Negative Sentiment: Negative market commentary (e.g., Steve Eisman likening software stock buys to “catching a falling knife”) and a broad software selloff are pressuring multiples and investor appetite for high‑growth software names. ‘Big Short’ Legend Steve Eisman Says Buying Software Stocks Is ‘Just Like Catching A Falling Knife’

Adobe 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.