Legacy Wealth Asset Management LLC Boosts Holdings in Adobe Inc. $ADBE

Legacy Wealth Asset Management LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 38.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,077 shares of the software company’s stock after acquiring an additional 2,227 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Adobe were worth $1,938,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Meridian Management Co. increased its stake in Adobe by 0.3% during the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock valued at $3,705,000 after acquiring an additional 44 shares during the period. Brown Shipley& Co Ltd raised its holdings in Adobe by 28.8% in the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock valued at $48,000 after acquiring an additional 44 shares in the last quarter. United Bank lifted its position in shares of Adobe by 1.4% in the 1st quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after acquiring an additional 49 shares during the period. Drystone LLC lifted its position in shares of Adobe by 0.5% in the 2nd quarter. Drystone LLC now owns 10,420 shares of the software company’s stock worth $2,136,000 after acquiring an additional 50 shares during the period. Finally, Howe & Rusling Inc. grew its holdings in shares of Adobe by 1.3% during the 4th quarter. Howe & Rusling Inc. now owns 4,058 shares of the software company’s stock worth $1,420,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADBE. Mizuho set a $260.00 price objective on Adobe in a research report on Tuesday, September 8th. Barclays raised their target price on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Phillip Securities downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Citizens Jmp reissued a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Finally, Piper Sandler increased their price objective on shares of Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $282.68.

Adobe Price Performance

Shares of ADBE stock opened at $241.05 on Friday. The stock’s fifty day simple moving average is $258.36 and its 200 day simple moving average is $242.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $93.82 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.81 and a beta of 1.42. Adobe Inc. has a one year low of $190.12 and a one year high of $363.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the prior year, the business posted $5.31 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, analysts expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the transaction, the chief executive officer directly owned 238,724 shares of the company’s stock, valued at $59,578,348.68. This trade represents a 17.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is owned by insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe rebounded as investors viewed its depressed valuation and recent selloff as an opportunity, with the stock trading below key moving averages. The broader rotation away from expensive AI leaders toward beaten-down technology and services stocks provided additional support. What’s Going On With Adobe Stock Thursday?
• Positive Sentiment: Adobe’s strong operating profile remains a supporting factor: its latest reported quarter included $6.76 billion in revenue, 12.9% year-over-year growth and earnings above analysts’ expectations. Investors may be reassessing the company’s valuation after the recent decline. Adobe: Are Strong Fundamentals Enough to Overcome AI Fears?
• Positive Sentiment: Adobe signed a partnership making it the NHL’s official Creative, Marketing and AI Partner. The agreement could increase exposure for Adobe’s customer-experience products and Firefly generative-AI tools among the league’s global audience. Adobe Joins the NHL
• Neutral Sentiment: The U.S. Labor Department suspended Adobe from the PERM green-card program amid allegations of abuse involving foreign-worker sponsorship. The restriction creates regulatory and recruiting uncertainty, but investors appeared to view Adobe’s direct business impact as limited, particularly compared with Microsoft. U.S. Suspends Microsoft and Adobe From Green-Card Labor Program
• Negative Sentiment: Longer-term concerns remain over slowing organic growth, competition from AI-powered creative tools and whether generative AI could erode Adobe’s software franchise. Recent insider selling and the upcoming CEO transition add further reasons for caution. Adobe Shares Slide as Investors Digest Softer Growth Concerns

Adobe Profile

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.