United Asset Strategies Inc. Reduces Position in Adobe Inc. $ADBE

United Asset Strategies Inc. trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,364 shares of the software company’s stock after selling 5,852 shares during the period. Adobe accounts for about 1.1% of United Asset Strategies Inc.’s holdings, making the stock its 28th biggest holding. United Asset Strategies Inc.’s holdings in Adobe were worth $14,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Riverbend Wealth Management LLC lifted its position in Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after buying an additional 29 shares in the last quarter. Beacon Financial Advisory LLC grew its holdings in Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after buying an additional 30 shares in the last quarter. MCF Advisors LLC grew its holdings in Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after buying an additional 30 shares in the last quarter. Brookwood Investment Group LLC increased its stake in shares of Adobe by 4.4% in the 3rd quarter. Brookwood Investment Group LLC now owns 734 shares of the software company’s stock worth $259,000 after acquiring an additional 31 shares during the last quarter. Finally, New Republic Capital LLC increased its stake in shares of Adobe by 5.6% in the 3rd quarter. New Republic Capital LLC now owns 582 shares of the software company’s stock worth $205,000 after acquiring an additional 31 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Board greenlights a $25 billion share buyback through April 2030 (roughly 24% of current market cap) — a clear capital‑return move management says shows confidence in cash flow and undervaluation. Adobe Announces New $25 Billion Stock Repurchase Program
• Positive Sentiment: Adobe unveiled CX Enterprise (an agentic AI platform) and multiple partnerships (Amazon, Microsoft, Anthropic, OpenAI, NVIDIA) at Adobe Summit — positioning the company to sell AI into enterprise marketing and CX budgets. Adobe CX Enterprise Pushes AI Agents Deeper Into Customer Experience Budgets
• Positive Sentiment: Positive market and analyst reaction to Summit and partnerships (including public praise from industry leaders) has lifted sentiment — analysts note strong AI innovation and potential revenue upside from enterprise adoption. Adobe Unleashed: Why Nvidia’s CEO Says This AI Giant Is the Future of Marketing
• Neutral Sentiment: Adobe plans outcome‑based pricing for its new AI suite — could improve monetization if adoption and measurable outcomes follow, but terms and scale are unclear. Adobe Plans Outcome-Based Pricing for New AI Product Suite
• Neutral Sentiment: Some sell‑side caution remains (e.g., Hold ratings citing valuation and competitive risk) — buyback and product news buoy sentiment but don’t erase uncertainty. Adobe: AI Ambition and Buybacks Offset by Competitive Pressures and Valuation, Justifying a Hold Rating
• Negative Sentiment: Competitive pressure is mounting — new tools such as Anthropic’s Claude Design and incumbents like Figma are being highlighted as threats to Adobe’s creative workflow dominance. As Competition Heats Up, Can Figma Recover?
• Negative Sentiment: Insider selling: CFO Daniel Durn disclosed a sale of ~1,336 shares earlier this week — a modest individual sale but one investors watch for signals on insider conviction. SEC Form 4 — Daniel Durn

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the 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. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Adobe Stock Up 3.5%

Shares of ADBE opened at $255.94 on Thursday. The firm has a market cap of $103.45 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 0.96 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’s 50-day moving average price is $252.69 and its 200 day moving average price is $301.21. 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 announced its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share 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 company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $5.08 earnings per share. Adobe’s revenue 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. On average, sell-side analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe announced that its board has initiated a stock buyback plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to reacquire up to 24.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. Citigroup reaffirmed a “neutral” rating on shares of Adobe in a research note on Friday, April 10th. Morgan Stanley decreased their target price on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Stifel Nicolaus dropped their price target on shares of Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, BTIG Research began coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $339.88.

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.