Adobe Inc. $ADBE Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. cut its position in Adobe Inc. (NASDAQ:ADBE) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,604 shares of the software company’s stock after selling 2,664 shares during the period. Central Bank & Trust Co.’s holdings in Adobe were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Adobe in the 2nd quarter worth approximately $8,437,821,000. Johnson Financial Group Inc. bought a new position in Adobe in the 2nd quarter worth about $2,289,000. Biondo Investment Advisors LLC purchased a new stake in shares of Adobe during the 2nd quarter valued at $2,647,000. Summit Global Investments bought a new stake in Adobe in the 2nd quarter worth approximately $1,401,000. Finally, Tejara Capital Ltd bought a new stake in Adobe in the second quarter worth $3,461,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ADBE. KeyCorp cut their price objective on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday, June 12th. Sanford C. Bernstein cut their target price on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research report on Friday, June 12th. Jefferies Financial Group reduced their price target on Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research report on Friday, September 11th. Piper Sandler raised their price target on Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Finally, BTIG Research reissued a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average price target of $282.68.

Adobe Stock Performance

NASDAQ:ADBE traded up $0.85 during mid-day trading on Friday, reaching $241.90. The stock had a trading volume of 1,400,588 shares, compared to its average volume of 5,730,409. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $363.70. The business has a 50 day simple moving average of $258.36 and a 200 day simple moving average of $242.88. The firm has a market capitalization of $94.15 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.81 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its 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 company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the company earned $5.31 EPS. The firm’s quarterly 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. On average, analysts expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Technical buying and valuation support are helping Adobe recover from its recent weakness. The stock trades near its 200-day moving average and at a relatively low valuation, with a reported price-to-earnings ratio of 13.57 and price-to-earnings-growth ratio of 0.81. What’s Going On With Adobe Stock Thursday?
• Positive Sentiment: Adobe’s partnership with the National Hockey League as its official Creative, Marketing and AI Partner could expand visibility for its marketing, customer-experience and Firefly AI products. The deal provides exposure to more than 200 million global fans. Adobe Joins the NHL
• Positive Sentiment: Investors continue to point to Adobe’s profitability, cash generation and double-digit revenue growth as defenses against AI-related disruption. Recent earnings exceeded analyst expectations, while management’s fiscal-year guidance remains supportive of continued earnings growth. Adobe: Are Strong Fundamentals Enough to Overcome AI Fears?

Insider Activity

In other news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on 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 transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $12,603,285.00. Following the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 125,416 shares of company stock valued at $31,454,466. 0.20% of the stock is currently owned by insiders.

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.