United Asset Strategies Inc. Lowers Holdings in Adobe Inc. $ADBE

United Asset Strategies Inc. lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,364 shares of the software company’s stock after selling 5,852 shares during the period. Adobe makes up 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 large investors have also recently added to or reduced their stakes in ADBE. Kingswood Wealth Advisors LLC lifted its holdings in Adobe by 17.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 3,999 shares of the software company’s stock worth $1,400,000 after buying an additional 585 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Adobe by 2.6% in the fourth quarter. KLP Kapitalforvaltning AS now owns 216,443 shares of the software company’s stock worth $75,753,000 after acquiring an additional 5,530 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Adobe by 12.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 882,568 shares of the software company’s stock worth $310,545,000 after acquiring an additional 96,741 shares during the period. Eagle Global Advisors LLC increased its position in shares of Adobe by 103.3% during the fourth quarter. Eagle Global Advisors LLC now owns 1,988 shares of the software company’s stock worth $696,000 after acquiring an additional 1,010 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Adobe by 12.0% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 34,537 shares of the software company’s stock valued at $12,175,000 after acquiring an additional 3,712 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of ADBE stock opened at $255.94 on Thursday. The company has a market cap of $103.45 billion, a P/E ratio of 14.91, a PEG ratio of 0.96 and a beta of 1.52. The firm has a fifty day moving average price of $252.69 and a 200 day moving average price of $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 Inc. has a 12 month low of $224.13 and a 12 month high of $422.95.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.Adobe’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its board has authorized a share repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Key Headlines Impacting Adobe

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADBE shares. Royal Bank Of Canada decreased their target price on Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Friday, April 17th. UBS Group cut their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. BMO Capital Markets reduced their price target on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research report on Friday, March 13th. Jefferies Financial Group decreased their price objective on Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Finally, Citigroup reissued a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $339.88.

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.