Adobe Inc. $ADBE Stock Acquired by Old North State Wealth Management LLC

Old North State Wealth Management LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,975 shares of the software company’s stock after acquiring an additional 1,975 shares during the period. Adobe comprises about 2.0% of Old North State Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Old North State Wealth Management LLC’s holdings in Adobe were worth $5,273,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Adobe during the 2nd quarter valued at approximately $8,437,821,000. Arrowstreet Capital Limited Partnership lifted its holdings in Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after purchasing an additional 563,772 shares in the last quarter. Amundi boosted its stake in Adobe by 11.0% in the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock worth $1,074,810,000 after purchasing an additional 518,362 shares during the period. Primecap Management Co. CA bought a new position in Adobe in the 2nd quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Adobe by 0.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock worth $1,034,438,000 after purchasing an additional 18,995 shares during the period. Institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s expanded AI relationship with NVIDIA is supporting expectations for faster creative workflows and broader adoption of AI-powered features across its Creative Cloud and enterprise products. The company has also announced AI-focused customer-experience partnerships with Heathrow Airport and BWT Alpine Formula One Team. Adobe Deepens AI Partnerships
• Positive Sentiment: The BWT Alpine agreement names Adobe the team’s Official AI Fan Experience Partner, providing a visible commercial use case for personalized digital experiences and potentially strengthening Adobe’s AI brand. Adobe and BWT Alpine Partnership
• Positive Sentiment: Investors are emphasizing Adobe’s relatively depressed valuation, recurring-revenue buildup and long-term value potential. Analysts also point to the expanding digital-signature market, where Adobe’s Acrobat and Document Cloud products are established participants. Adobe Deep Value Amid Continued ARR Buildup
• Neutral Sentiment: The rebound appears driven partly by sector positioning rather than a new earnings report: investors are selectively buying software companies that had been hurt by fears that generative AI could reduce demand for traditional applications. Adobe’s shares remain well below their 52-week high, leaving room for a valuation-driven recovery but also signaling unresolved concerns. Adobe and Software Stock Rebound
• Negative Sentiment: Risks remain from AI-native tools such as Claude and Gemini, which could challenge Adobe’s app-based model and pressure growth. The stock has also lagged the broader market over longer periods, so investors will likely need evidence that AI monetization can accelerate revenue and recurring annual revenue growth. Adobe App-less AI Competition

Adobe Stock Performance

NASDAQ ADBE opened at $270.55 on Friday. The stock has a market capitalization of $105.30 billion, a PE ratio of 15.10, a P/E/G ratio of 0.89 and a beta of 1.42. The business has a 50 day simple moving average of $255.84 and a two-hundred day simple moving average of $243.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $363.70.

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, 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 return on equity of 65.65% and a net margin of 28.05%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, research analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADBE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Adobe in a report on Friday, September 11th. Citigroup reissued a “market perform” rating on shares of Adobe in a report on Friday, September 11th. The Goldman Sachs Group upped their target price on shares of Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a research report on Monday, September 14th. DA Davidson raised their target price on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Finally, HSBC downgraded shares of Adobe from a “buy” rating to a “hold” rating and reduced their price target for the company from $310.00 to $267.00 in a report on Tuesday, October 13th. Nine analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $283.90.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on 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 $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the transaction, the chief executive officer directly owned 238,724 shares of the company’s stock, valued at $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 125,416 shares of company stock worth $31,454,466 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

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.