GPS Wealth Strategies Group LLC Lowers Position in Adobe Inc. $ADBE

Posted by Geri Gentry on May 23rd, 2026

GPS Wealth Strategies Group LLC lessened its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 71.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,018 shares of the software company’s stock after selling 2,556 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Adobe were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ADBE. Western Pacific Wealth Management LP purchased a new position in shares of Adobe in the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe in the third quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Adobe in the third quarter worth $27,000. Caitlin John LLC purchased a new position in shares of Adobe in the third quarter worth $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Adobe in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe is getting fresh buzz from its deeper integration with Google Gemini, including the ability for users to access Photoshop and Premiere Pro tools inside the AI assistant. That could expand Adobe’s reach and strengthen demand for its creative software. Article Title
Positive Sentiment: Articles highlighting Adobe’s Digital Experience business say the company is well positioned to benefit from the digital content boom, with Experience Cloud and AI tools like Firefly and Sensei serving demand in ads and e-commerce. Article Title
Positive Sentiment: Some market commentary argues Adobe looks inexpensive relative to its growth outlook after the broad software selloff, which may be attracting value-oriented investors. Article Title
Neutral Sentiment: Additional coverage says Adobe is using agentic AI to defend its software moat, reinforcing the view that management is leaning into AI to support its competitive position. Article Title
Negative Sentiment: One market recap noted Adobe stock fell in the latest session while the broader market advanced, underscoring continued volatility and investor caution around the name. Article Title
Negative Sentiment: Governance-related headlines are also adding a small overhang, with renewed attention on trading activity tied to Adobe shares amid existing shareholder litigation. Article Title

Adobe Trading Up 0.3%

ADBE stock opened at $244.76 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a twelve month low of $224.13 and a twelve month high of $421.48. The stock has a market capitalization of $98.93 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. The firm’s fifty day simple moving average is $245.05 and its two-hundred day simple moving average is $287.46.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data 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. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $5.08 earnings per share. The business’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. As a group, analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its board has approved a share buyback program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

ADBE has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. BMO Capital Markets decreased 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 note on Friday, March 13th. DA Davidson set a $300.00 price target on shares of Adobe in a research note on Friday, March 13th. Piper Sandler decreased their price target on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, Barclays cut Adobe from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $335.00 to $275.00 in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $338.15.

Get Our Latest Stock Analysis on Adobe

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel Durn sold 1,336 shares of the company’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 completion of the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock worth $18,782,773 over the last quarter. Insiders own 0.20% of the company’s stock.

Adobe Profile

(Free Report)

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.