Gibbs Wealth Management Trims Position in Adobe Inc. $ADBE

Gibbs Wealth Management lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 56.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,696 shares of the software company’s stock after selling 4,772 shares during the quarter. Gibbs Wealth Management’s holdings in Adobe were worth $1,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. LSV Asset Management raised its position in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the period. Nexus Investment Management ULC purchased a new stake in shares of Adobe in the 2nd quarter worth $31,000. Horizon Financial Services LLC raised its holdings in Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Total Investment Management Inc. purchased a new position in Adobe during the second quarter valued at $35,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Adobe during the 3rd quarter valued at about $35,000. 81.79% of the stock is currently owned by institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s Firefly Foundry — an “IP-safe” generative-AI offering — has attracted support from talent agencies, VFX houses and filmmakers, strengthening adoption prospects in entertainment and increasing potential enterprise/subscription demand. Adobe’s Firefly Foundry AI Offering Draws Support From Talent Agencies, Filmmakers, VFX Houses & Others
• Positive Sentiment: Adobe rolled out a major AI push for Acrobat and Express (chat-based PDF editing, turning PDFs into podcasts/slides, and other automation), which can drive higher MAUs, stickiness and upsell opportunities across document and consumer app users. Adobe supercharges Acrobat and Express with AI: List of features and all you need to know
• Positive Sentiment: Specific Acrobat upgrades (chat-based editing, audio/podcast generation from PDFs) are aimed at expanding enterprise/document workflows and monetizable premium features. These product moves are concrete monetization levers rather than vague R&D. Adobe Acrobat now lets you edit PDFs by chatting with its AI Assistant
• Positive Sentiment: Adobe highlighted a slate of professional filmmakers adopting Firefly Foundry to overhaul production workflows — signaling B2B/enterprise traction in high-value media production use cases. Adobe reveals a new slate of pro filmmakers using Firefly Foundry to overhaul production workflows
• Positive Sentiment: Operational signals: Digital Media revenues are showing traction—AI-powered Acrobat and Express drove ~11% Digital Media growth and >15% MAU gains in FY25—supporting upside to recurring-revenue estimates. Adobe’s Digital Media Revenues Gain Traction: What’s the Path Ahead?
• Neutral Sentiment: Upcoming earnings preview: analysts expect double‑digit EPS growth in the near-term — results/guidance will be the next major catalyst and could widen intraday moves. Earnings Preview: What To Expect From Adobe’s Report
• Negative Sentiment: Market skepticism persists: recent analyst headlines and commentary (TalkMarkets, Jim Cramer mentions) highlight concerns that the stock’s decline could reflect execution risks, valuation re-rating or disappointment on monetization speed of AI features. Adobe Stock Price Crash Supercharges: Is It A Bargain Or A Value Trap?
• Negative Sentiment: Technicals and sentiment remain headwinds: ADBE sits well below its 50- and 200-day moving averages and has seen significant YTD/1‑yr share declines, which can amplify downside if upcoming results or guidance disappoint. Jim Cramer Reveals Why He Might Cancel His Adobe (ADBE) Subscription

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Citigroup upped their price objective on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. TD Cowen lowered their price target on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Adobe in a research note on Thursday, December 11th. Finally, Wolfe Research reduced their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $402.85.

Adobe Price Performance

ADBE stock opened at $301.07 on Friday. Adobe Inc. has a 52 week low of $288.33 and a 52 week high of $465.70. The firm has a market capitalization of $123.59 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. The company has a fifty day simple moving average of $331.10 and a two-hundred day simple moving average of $344.53. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Adobe Company 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.