Van Hulzen Asset Management LLC Decreases Stock Holdings in Adobe Inc. $ADBE

Van Hulzen Asset Management LLC lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 82.7% during the second quarter, Holdings Channel.com reports. The fund owned 2,085 shares of the software company’s stock after selling 9,992 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Adobe were worth $427,000 at the end of the most recent reporting period.

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

Adobe News Summary

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ADBE. Bank of America raised their target price on Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. DA Davidson lowered their target price on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Sanford C. Bernstein reduced their target price on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research report on Friday, June 12th. Mizuho set a $260.00 price target on shares of Adobe in a research report on Tuesday. Finally, KeyCorp dropped their price objective on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. 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. Based on data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus price target of $280.32.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by insiders.

Adobe Stock Down 2.4%

Shares of NASDAQ ADBE opened at $248.83 on Friday. The company has a 50 day simple moving average of $252.89 and a 200-day simple moving average of $245.59. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the previous year, the company earned $5.31 EPS. The business’s revenue for the quarter 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. On average, equities research analysts predict that Adobe Inc. will post 19.83 earnings per share for the current year.

About Adobe

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.