Adobe Inc. $ADBE Stock: Soltis Investment Advisors LLC Grows Holdings

Soltis Investment Advisors LLC raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 129.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,707 shares of the software company’s stock after acquiring an additional 2,091 shares during the period. Soltis Investment Advisors LLC’s holdings in Adobe were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Adobe in the second quarter valued at approximately $8,437,821,000. Johnson Financial Group Inc. acquired a new position in Adobe during the second quarter worth $2,289,000. Biondo Investment Advisors LLC acquired a new position in Adobe during the second quarter worth $2,647,000. Summit Global Investments acquired a new position in Adobe during the second quarter worth $1,401,000. Finally, Tejara Capital Ltd purchased a new stake in Adobe in the 2nd quarter valued at $3,461,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

NASDAQ ADBE opened at $250.23 on Friday. The stock has a fifty day simple moving average of $254.37 and a 200-day simple moving average of $250.98. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a market cap of $97.39 billion, a PE ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71.

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 the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the firm earned $5.31 EPS. Adobe’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. Equities analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ADBE shares. DA Davidson raised their target price on Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Bank of America boosted their price target on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. BMO Capital Markets upped their price objective on shares of Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a report on Friday, September 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a research note on Friday, September 11th. Finally, Weiss Ratings upgraded shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Nine research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $283.90.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
• Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
• Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
• Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
• Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
• Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

Insider Activity

In other news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction that occurred on 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 directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

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.