Lifestyle Asset Management Inc. Grows Holdings in Adobe Inc. $ADBE

Lifestyle Asset Management Inc. increased its position in Adobe Inc. (NASDAQ:ADBE) by 537.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,051 shares of the software company’s stock after buying an additional 4,259 shares during the period. Lifestyle Asset Management Inc.’s holdings in Adobe were worth $1,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schmidt P J Investment Management Inc. lifted its stake in shares of Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares during the period. Rise Advisors LLC increased its stake in Adobe by 7.0% in the first quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after purchasing an additional 27 shares during the last quarter. FSM Wealth Advisors LLC lifted its position in Adobe by 1.1% during the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after buying an additional 30 shares during the period. Intellus Advisors LLC boosted its stake in Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after buying an additional 30 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC boosted its stake in Adobe by 2.2% in the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock worth $558,000 after buying an additional 31 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $355.86 on Friday. The company has a market cap of $148.96 billion, a P/E ratio of 21.30, a PEG ratio of 1.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. The business’s 50-day simple moving average is $336.73 and its 200 day simple moving average is $355.85.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the company earned $4.81 earnings per share. Adobe’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a multi‑year strategic partnership with Runway to integrate Runway’s generative video technology into Adobe’s creative stack and make Runway the preferred API partner — a move that accelerates Firefly’s video capabilities and strengthens Adobe’s positioning in pro video workflows. Adobe and Runway Partner to Deliver the Next Generation of AI Video for Creators, Studios and Brands
• Positive Sentiment: Adobe is adding Runway’s new video AI tool into Firefly under an exclusive partnership, expanding creative features that can drive higher engagement and subscription value for Adobe’s Creative Cloud customers. Adobe Adds Runway’s New Video AI Tool To Firefly In Exclusive Partnership
• Positive Sentiment: Qualified Digital launched an AI‑assisted accelerator to speed migrations to Adobe Experience Platform Web SDK, which could reduce deployment friction for enterprise customers and support faster platform adoption. 85% Faster – Qualified Digital Announces AI-assisted Accelerator
• Neutral Sentiment: Phillip Securities reiterated a Buy rating on ADBE but trimmed its price target (from $560 to $487), signaling continued conviction in long‑term growth while acknowledging valuation pressure after recent gains. Phillip Maintains Buy on Adobe (ADBE), Sees Steady Growth Into FY26
• Neutral Sentiment: Adobe Digital Insights reports holiday e‑commerce returns down ~2.5% year‑over‑year — a positive signal for merchants and the broader digital commerce metrics Adobe monitors, though it is a modest, indirect benefit to Adobe’s business. E-Commerce Returns Of Holiday Purchases Down 2.5%, Adobe Reports
• Negative Sentiment: A proposed class‑action alleges Adobe misused authors’ works to train its AI models; multiple outlets report the suit — a reputational and legal risk that could lead to costly litigation, regulatory scrutiny, or changes to training practices. Adobe sued for allegedly misusing authors’ work in AI training
• Negative Sentiment: KeyBanc downgraded ADBE to Underweight with a $310 price target, arguing limited near‑term upside after strong results — analyst downgrades can pressure sentiment and trigger short‑term selling. KeyBanc Turns Bearish on Adobe (ADBE) Despite Strong Q4 Results
• Negative Sentiment: Coverage on free Acrobat alternatives highlights competitive pressure in document tools; this is a longer‑term product/commercial risk but not an immediate earnings threat. Free Adobe Acrobat Alternatives for Every Need in 2026

Analyst Ratings Changes

ADBE has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday. Wolfe Research cut their price target on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company lowered their price objective on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a report on Wednesday. Finally, Piper Sandler lowered their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $417.93.

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.