Adobe Inc. $ADBE Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 10.3% in the 2nd quarter, Holdings Channel reports. The firm owned 18,589 shares of the software company’s stock after selling 2,139 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Adobe were worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. California State Teachers Retirement System boosted its holdings in shares of Adobe by 19,873.5% in the 2nd quarter. California State Teachers Retirement System now owns 125,658,193 shares of the software company’s stock valued at $25,762,443,000 after buying an additional 125,029,070 shares during the period. BlackRock Inc. bought a new stake in shares of Adobe during the 2nd quarter valued at about $8,437,821,000. Norges Bank acquired a new stake in Adobe during the fourth quarter worth about $2,275,165,000. Primecap Management Co. CA acquired a new stake in Adobe during the second quarter worth about $1,071,668,000. Finally, Bank of New York Mellon Corp bought a new position in Adobe in the second quarter worth about $954,468,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe exceeded expectations with adjusted earnings of $6.13 per share versus $6.08 expected and revenue of $6.76 billion versus $6.69 billion. Revenue increased 12.9% year over year, supported by subscription growth. ADBE Q3 Earnings Beat Estimates, Revenues Rise on Subscription Growth
• Positive Sentiment: AI-first annual recurring revenue grew more than 150% year over year, while monthly active users across Adobe’s creativity and productivity products surpassed one billion. Management also raised its fiscal 2026 earnings and revenue targets and highlighted agentic AI and freemium products as adoption drivers. Adobe Reports Record Q3 Results
• Positive Sentiment: Some analysts remain constructive: RBC reaffirmed an outperform rating with a $315 target, while BMO raised its target to $270. Supporters argue that Adobe’s profitability, cash generation and growing AI usage could eventually translate into stronger monetization.
• Neutral Sentiment: Analyst opinion remains divided. JPMorgan maintained an overweight rating but lowered its target from $340 to $315, while Citi cut its target to $250 and retained a neutral rating. The revisions reflect uncertainty over how quickly AI users will become paying customers.
• Neutral Sentiment: Investors are also awaiting strategy details from incoming CEO David Wadhwani and watching whether Adobe’s freemium approach expands its user base without weakening new annual recurring revenue growth.
• Negative Sentiment: Adobe’s fourth-quarter revenue forecast of approximately $6.8 billion to $6.85 billion came in slightly below consensus, overshadowing the quarterly beat and full-year guidance increase. The softer outlook suggests growth may be slowing despite strong AI adoption. Adobe Forecast Misses Estimates, Renewing Fears About AI Impact
• Negative Sentiment: Competition from Google, Microsoft and AI-native tools continues to pressure Adobe’s valuation and raises questions about the durability of its creative-software leadership. Bank of America reiterated a sell rating with a $220 target, citing slowing growth and uncertain AI monetization.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $252.23 on Friday. The firm’s 50 day moving average is $253.54 and its two-hundred day moving average is $245.63. The firm has a market capitalization of $100.26 billion, a P/E ratio of 14.08, a PEG ratio of 0.88 and a beta of 1.42. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.99% and a net margin of 28.05%.The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the firm posted $5.31 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Analysts anticipate that Adobe Inc. will post 19.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADBE. KeyCorp decreased their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. Citigroup reissued a “market perform” rating on shares of Adobe in a report on Friday. BTIG Research restated a “neutral” rating on shares of Adobe in a research report on Friday. Dbs Bank downgraded Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus price target of $281.08.

Insiders Place Their Bets

In related news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was 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 directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Adobe Company Profile

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.