Adobe Inc. $ADBE Position Cut by Norris Perne & French LLP MI

Norris Perne & French LLP MI decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 84.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,576 shares of the software company’s stock after selling 13,493 shares during the quarter. Norris Perne & French LLP MI’s holdings in Adobe were worth $618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its holdings in shares of Adobe by 6.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 45,414 shares of the software company’s stock valued at $10,897,000 after buying an additional 2,623 shares during the period. Bull Oak Capital LLC acquired a new stake in Adobe during the 3rd quarter worth $228,000. Lorne Steinberg Wealth Management Inc. raised its stake in Adobe by 1.5% during the 3rd quarter. Lorne Steinberg Wealth Management Inc. now owns 33,695 shares of the software company’s stock worth $8,085,000 after buying an additional 495 shares during the period. Evergreen Capital Management LLC lifted its holdings in Adobe by 31.3% during the third quarter. Evergreen Capital Management LLC now owns 9,793 shares of the software company’s stock worth $2,350,000 after acquiring an additional 2,334 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in Adobe by 69.8% during the third quarter. Murphy Pohlad Asset Management LLC now owns 4,331 shares of the software company’s stock worth $1,039,000 after acquiring an additional 1,780 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 416 shares of the 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 transaction, the chief accounting officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the transaction, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 125,416 shares of company stock worth $31,454,466. Corporate insiders own 0.20% of the company’s stock.

Adobe Trading Down 2.5%

ADBE opened at $263.82 on Friday. The stock has a market capitalization of $102.68 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.92 and a beta of 1.42. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $363.70. The firm’s fifty day simple moving average is $255.83 and its 200 day simple moving average is $243.54. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

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

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe continues to benefit from high margins, substantial free cash flow, a large user base and recurring-revenue growth. Supporters argue that the stock’s relatively low valuation and continued annual recurring revenue buildup create potential for a turnaround. Adobe: Deep Value Amid Continued ARR Buildup
• Positive Sentiment: Recent AI-related partnerships, including an expanded relationship with NVIDIA and a new deal making Adobe the official AI fan-experience partner of BWT Alpine Formula One, reinforce the company’s effort to demonstrate practical uses for its AI tools and expand its brand reach. Adobe and BWT Alpine Formula One Team Partner
• Positive Sentiment: Adobe recently exceeded analysts’ quarterly EPS and revenue estimates, while management maintained fiscal 2026 earnings guidance. Those results provide fundamental support even as the share price has lagged broader technology benchmarks.
• Neutral Sentiment: Wall Street is divided: some analysts see substantial upside if Adobe converts its AI investments into monetized growth, while others remain cautious. Articles comparing Adobe with Salesforce, CrowdStrike and Arista Networks highlight that the stock’s appeal depends on an investor’s preference for valuation and profitability versus faster growth. Adobe Stock Has Been Under Pressure
• Negative Sentiment: The principal overhang is AI disruption risk. Investors remain concerned that competing tools from companies such as Anthropic and Google could reduce demand for Adobe’s traditional applications or pressure pricing through “app-less” creative workflows. Adobe: Strong Fundamentals, But AI Remains the Key Risk
• Negative Sentiment: The stock’s decline despite repeated earnings outperformance signals that investors want clearer evidence of accelerating growth and successful AI monetization before assigning Adobe a higher multiple.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. CLSA began coverage on Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price target for the company. Sanford C. Bernstein dropped their price target on Adobe from $379.00 to $373.00 and set an “outperform” rating on the stock in a research report on Friday, September 11th. Robert W. Baird lifted their price objective on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, September 11th. The Goldman Sachs Group boosted their price objective on Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a research report on Monday, September 14th. Finally, Weiss Ratings upgraded Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 1st. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $283.90.

About Adobe

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.