Adobe Inc. $ADBE Stock Sold by Ledyard National Bank

Ledyard National Bank lessened its position in Adobe Inc. (NASDAQ:ADBE) by 82.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446 shares of the software company’s stock after selling 11,458 shares during the quarter. Ledyard National Bank’s holdings in Adobe were worth $587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBT Bank N.A. purchased a new stake in shares of Adobe during the third quarter worth $253,000. Isthmus Partners LLC raised its position in shares of Adobe by 70.7% in the third quarter. Isthmus Partners LLC now owns 56,291 shares of the software company’s stock valued at $13,506,000 after buying an additional 23,305 shares during the last quarter. AMF Tjanstepension AB lifted its stake in shares of Adobe by 2.3% in the third quarter. AMF Tjanstepension AB now owns 705,217 shares of the software company’s stock worth $169,210,000 after buying an additional 16,170 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Adobe in the third quarter worth about $172,000. Finally, Smith Chas P & Associates PA Cpas lifted its stake in shares of Adobe by 2.5% in the third quarter. Smith Chas P & Associates PA Cpas now owns 2,034 shares of the software company’s stock worth $499,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

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.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was 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 the SEC website. Also, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction 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 completion of the sale, the chief executive officer owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 125,416 shares of company stock valued at $31,454,466. 0.20% of the stock is owned by insiders.

Adobe Stock Performance

Adobe stock opened at $263.82 on Friday. The firm has a 50 day simple moving average of $255.83 and a 200-day simple moving average of $243.54. The stock has a market cap of $102.68 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. 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 announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter last year, the firm earned $5.31 EPS. The business’s 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. On average, analysts expect that Adobe Inc. will post 20.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ADBE. Robert W. Baird increased their price objective on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, September 11th. DA Davidson boosted their target price on Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Weiss Ratings raised Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Adobe in a report on Friday, September 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $283.90.

Adobe Profile

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.