Adobe Inc. $ADBE Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in Adobe Inc. (NASDAQ:ADBE) by 76.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,181 shares of the software company’s stock after selling 7,069 shares during the quarter. International Assets Investment Management LLC’s holdings in Adobe were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC grew its position in Adobe by 2.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after buying an additional 43 shares during the period. Meridian Management Co. raised its position in shares of Adobe by 0.3% in the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock worth $3,705,000 after acquiring an additional 44 shares during the period. Brown Shipley& Co Ltd raised its position in shares of Adobe by 28.8% in the first quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after acquiring an additional 44 shares during the period. Pzena Investment Management LLC raised its position in shares of Adobe by 4.0% in the third quarter. Pzena Investment Management LLC now owns 1,138 shares of the software company’s stock worth $273,000 after acquiring an additional 44 shares during the period. Finally, United Bank boosted its stake in shares of Adobe by 1.4% during 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 in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Down 0.3%

ADBE opened at $236.70 on Wednesday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. 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 company has a 50-day moving average price of $249.04 and a 200 day moving average price of $249.02. The company has a market cap of $92.12 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last issued 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 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 last year, the company posted $5.31 EPS. Adobe’s quarterly 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. Sell-side analysts expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Activity at Adobe

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the completion of the transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

ADBE has been the topic of a number of analyst reports. BMO Capital Markets raised their target price on Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research report on Friday, September 11th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Morgan Stanley restated an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. Mizuho set a $260.00 target price on Adobe and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group increased their target price on Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a research report on Monday, September 14th. Nine analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.52.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: At Adobe MAX, the company introduced AI-agent features across Creative Cloud and Firefly to automate creative workflows. These tools could strengthen Adobe’s products and support customer retention and monetization. Adobe Creative Cloud agentic workflow announcement
• Positive Sentiment: Adobe and Google expanded their partnership, bringing Adobe tools into Google Workspace and Google AI models into more Adobe apps—potentially widening distribution and making workflows more integrated. Adobe and Google partnership announcement
• Positive Sentiment: Disney selected Adobe to develop custom AI models for media operations, adding a high-profile enterprise relationship that could demonstrate demand for Adobe’s AI offerings. Reuters report on Disney and Adobe
• Negative Sentiment: The Google tie-up also arrives as Gemini expands across Adobe apps, raising questions about how Adobe will differentiate and capture value as outside AI models become more available in its software. Report on Gemini in Adobe apps
• Negative Sentiment: Investors may also remain cautious after Citi warned that Adobe’s fiscal 2027 growth estimates could be too high, a concern that new product announcements have yet to resolve. Coverage of Citi’s Adobe downgrade

Adobe Profile

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.