Adobe Inc. $ADBE Shares Acquired by Elevated Private Wealth LLC

Elevated Private Wealth LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 42.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,459 shares of the software company’s stock after buying an additional 3,427 shares during the period. Adobe accounts for about 1.8% of Elevated Private Wealth LLC’s holdings, making the stock its 11th largest position. Elevated Private Wealth LLC’s holdings in Adobe were worth $2,750,000 as of its most recent SEC filing.

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

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the business’s 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 transaction, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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. Insiders have sold a total of 125,416 shares of company stock valued at $31,454,466 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investors may be giving greater weight to Adobe’s latest results, which exceeded consensus estimates for revenue and earnings, alongside fiscal 2026 guidance calling for approximately $26.5 billion-$26.6 billion in revenue and non-GAAP EPS of roughly $24.35-$24.45. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: An expanded partnership with Heathrow Airport involving agentic AI and customer-experience tools provides evidence that Adobe’s AI products are attracting large enterprise customers, supporting the case that Firefly and GenStudio can contribute to future growth. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: Adobe’s high margins, strong cash-flow generation, double-digit revenue growth, and comparatively lower valuation may be encouraging dip-buying after the stock’s recent weakness. Capitalizing on Adobe’s High-Margin Platform and Free Cash Flow Generation

Adobe Price Performance

NASDAQ:ADBE traded up $9.16 during trading hours on Thursday, reaching $249.84. The company had a trading volume of 3,165,303 shares, compared to its average volume of 5,701,667. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $257.14 and a two-hundred day moving average of $242.83. Adobe Inc. has a one year low of $190.12 and a one year high of $363.70. The firm has a market capitalization of $97.24 billion, a PE ratio of 13.96, a PEG ratio of 0.82 and a beta of 1.42.

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, beating analysts’ consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $5.31 earnings per share. 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 forecast that Adobe Inc. will post 20.01 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADBE. Mizuho set a $260.00 price objective on shares of Adobe and gave the company a “neutral” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group raised their price objective on shares of Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a report on Monday, September 14th. UBS Group lifted their target price on shares of Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, Robert W. Baird increased their price target on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $283.90.

Adobe Company 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.