RFG Advisory LLC Increases Holdings in Adobe Inc. $ADBE

RFG Advisory LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 287.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,644 shares of the software company’s stock after acquiring an additional 10,119 shares during the quarter. RFG Advisory LLC’s holdings in Adobe were worth $2,797,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the third quarter valued at approximately $26,000. TrustBank purchased a new stake in shares of Adobe during the 4th quarter worth approximately $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe during the 2nd quarter worth approximately $28,000. Lloyd Advisory Services LLC. acquired a new position in shares of Adobe in the 4th quarter valued at $31,000. Finally, Sankala Group LLC purchased a new position in shares of Adobe in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, while adjusted EPS of $6.13 exceeded the $6.08 consensus estimate. GAAP EPS was $4.62, and operating cash flow reached $2.52 billion. Adobe Reports Record Q3 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook, calling for adjusted EPS of $24.45 to $24.50 and revenue of approximately $26.6 billion. Fourth-quarter adjusted EPS guidance of $6.30 to $6.35 is also above the $6.09 analyst consensus. Adobe Hits 1 Billion Monthly Active Users, Raises Full-Year Outlook
• Positive Sentiment: Adobe said AI-first annual recurring revenue grew more than 150% year over year, total ARR reached $27.5 billion, and monthly active users across its creativity and productivity products surpassed 1 billion. The results support management’s strategy of embedding AI into products such as Acrobat and Firefly. Adobe posts record quarter, lifts guidance as AI push pays off
• Neutral Sentiment: Adobe repurchased approximately 9.5 million shares during the quarter, which may support per-share results, although reported insider activity showed selling rather than buying by several executives.
• Negative Sentiment: Wall Street’s reaction was muted because investors wanted stronger evidence that Adobe’s AI offerings are accelerating growth. Analysts noted that, in the current environment, merely meeting or modestly exceeding estimates may not be enough. Adobe’s latest earnings leave Wall Street wanting more
• Negative Sentiment: Investors remain concerned about competition from Microsoft, Alphabet and AI-native tools, as well as the recently announced CEO transition. OpenAI’s reported restriction on advertising from competing image- and audio-generation companies, including Adobe, adds another competitive and distribution risk. OpenAI restricts rival AI ad campaigns in ChatGPT

Insider Activity

In other Adobe news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Adobe Stock Down 2.4%

Shares of NASDAQ:ADBE opened at $248.83 on Friday. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $98.91 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.89 and a beta of 1.42. The firm has a fifty day moving average price of $252.89 and a 200 day moving average price of $245.59.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the prior year, the company earned $5.31 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Sell-side analysts predict that Adobe Inc. will post 19.83 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADBE. Wells Fargo & Company reduced their price target on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Piper Sandler cut their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. CLSA assumed coverage on Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price for the company. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, TD Cowen restated a “hold” rating on shares of Adobe in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $280.32.

Adobe Profile

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.