Adobe Inc. $ADBE Stock: Seilern Investment Management Ltd Cuts Holdings

Seilern Investment Management Ltd cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 23.7% in the third quarter, Holdings Channel reports. The firm owned 137,205 shares of the software company’s stock after selling 42,691 shares during the quarter. Adobe accounts for approximately 4.1% of Seilern Investment Management Ltd’s holdings, making the stock its 12th biggest holding. Seilern Investment Management Ltd’s holdings in Adobe were worth $32,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA acquired a new position in shares of Adobe in the 2nd quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Adobe during the 2nd quarter worth approximately $28,000. North Point Portfolio Managers Corp OH bought a new position in Adobe in the third quarter valued at $30,000. Bullock Wealth Management Group increased its position in shares of Adobe by 468.2% in the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock valued at $30,000 after acquiring an additional 103 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in shares of Adobe during the 4th quarter worth approximately $31,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research analyst reports. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Barclays lifted their price target on Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. BTIG Research reiterated a “neutral” rating on shares of Adobe in a research report on Friday, September 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $315.00 target price on shares of Adobe in a research report on Friday, September 11th. Finally, HSBC lowered shares of Adobe from a “buy” rating to a “hold” rating in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $283.90.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal third-quarter revenue, raised its full-year outlook and surpassed 1 billion monthly active users. Supporters argue that the shares now trade below 10 times forward earnings, suggesting that much of the AI risk may already be priced in. Adobe Trades Under 10 Times Earnings
• Positive Sentiment: Adobe’s AI revenue is reportedly growing at a triple-digit rate, while its extended partnership with Heathrow Airport could expand the use of Adobe’s AI agents into digital marketing and passenger experiences serving more than 84 million annual travelers. Adobe Heathrow AI Partnership
• Neutral Sentiment: Some analysts contend that free, AI-built alternatives to Adobe’s Creative Cloud have major limitations and are unlikely to quickly replace professional workflows. However, the growing number of these tools is keeping investor concerns about future subscription cannibalization elevated. Adobe Creative Cannibalization Analysis
• Negative Sentiment: Wells Fargo delivered the most significant near-term pressure by downgrading Adobe to Underweight from Equal Weight and cutting its price target to $225 from $270. The firm cited deteriorating organic growth, executive instability, reduced pricing power and difficulty monetizing AI. Wells Fargo Downgrades Adobe
• Negative Sentiment: A Wells Fargo CIO survey indicated Adobe may be losing a share of corporate AI budgets to competing platforms. Investors are therefore questioning whether AI will supplement Adobe’s Creative Cloud and Document Cloud businesses—or eventually weaken their growth and pricing.

Insider Transactions at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 238,724 shares in the company, valued at $59,578,348.68. The trade was a 17.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 125,416 shares of company stock worth $31,454,466 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock traded down $2.26 during trading on Tuesday, reaching $235.88. 1,718,794 shares of the company’s stock traded hands, compared to its average volume of 5,716,313. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $363.70. The firm’s 50-day moving average is $257.94 and its 200 day moving average is $242.84. 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 company has a market capitalization of $91.81 billion, a P/E ratio of 13.16, a PEG ratio of 0.84 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. The business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business’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 company posted $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. Equities research analysts expect that Adobe Inc. will post 20.01 EPS for the current year.

About Adobe

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.