Spire Wealth Management Has $2.73 Million Stock Holdings in Adobe Inc. $ADBE

Spire Wealth Management decreased its position in Adobe Inc. (NASDAQ:ADBE) by 67.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,801 shares of the software company’s stock after selling 15,821 shares during the period. Spire Wealth Management’s holdings in Adobe were worth $2,730,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ADBE. Riverbend Wealth Management LLC raised its holdings in shares of Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares during the last quarter. Beacon Financial Advisory LLC grew its position in Adobe by 5.5% in the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after purchasing an additional 30 shares in the last quarter. MCF Advisors LLC grew its position in Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock valued at $61,000 after purchasing an additional 30 shares in the last quarter. Dakota Community Bank & Trust NA increased its stake in Adobe by 12.8% in the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after buying an additional 31 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in Adobe by 1.2% in the 3rd quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company’s stock valued at $927,000 after buying an additional 31 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADBE has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Friday, March 13th. Morgan Stanley reduced their price target on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. TD Cowen lowered their price target on Adobe from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Tuesday, March 10th. Finally, BMO Capital Markets dropped their price objective on Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus price target of $343.88.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: AI revenue momentum: Adobe’s ARR reached ~$26.06B with management and analysts citing AI-driven product adoption as a key growth engine — a longer-term positive for recurring revenue and monetization. Read More.
• Positive Sentiment: Analyst model upgrades: Erste Group recently bumped its FY EPS estimates for Adobe (both near-term and FY2027 updates noted), signaling some analysts see improved earnings power despite the selloff. Read More.
• Positive Sentiment: Still some bullish coverage: Roughly half of analysts remain constructive and the consensus price target (~$310) implies meaningful upside from current levels, keeping a base of buy-side support. Read More.
• Neutral Sentiment: ETF/volatility flows: New 2x ETFs tied to Adobe increase the potential for short-term leveraged flows and higher volatility but don’t change fundamentals. Traders should expect amplified moves. Read More.
• Neutral Sentiment: Macro/software selloff context: Broader software/AI trade weakness is pressuring shares industry-wide; Adobe’s move is partly market-driven, not purely company-specific. Read More.
• Negative Sentiment: Analyst downgrade and price-target cuts: William Blair cut ADBE to Market Perform and several firms trimmed targets and tone, citing intensifying AI competition (Canva, Figma, AI-native tools). That downgrade is a direct catalyst for today’s selling pressure. Read More.
• Negative Sentiment: Regulatory / legal hit: Adobe agreed to pay about $150M to settle a subscription “dark pattern” lawsuit — a near-term cash expense and reputational headwind that investors view negatively. Read More.
• Negative Sentiment: Technical/market signal: Stock recently hit a 52-week low, reinforcing negative momentum and prompting some momentum-based selling. Read More.
• Negative Sentiment: Competitive & pricing pressure: Multiple write-ups warn that rising freemium/AI-native offerings and tougher pricing dynamics could compress near-term growth and margins — a core concern behind analyst caution. Read More.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Adobe Price Performance

Shares of ADBE stock opened at $234.84 on Monday. Adobe Inc. has a 52-week low of $233.15 and a 52-week high of $422.95. The stock has a market cap of $94.92 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.92 and a beta of 1.53. The firm’s 50-day moving average is $268.38 and its 200-day moving average is $315.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The business had revenue of $6.40 billion during 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 quarter last year, the company posted $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 16.65 EPS for the current year.

Adobe 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.