First Nebraska Trust Co Purchases New Holdings in Adobe Inc. $ADBE

First Nebraska Trust Co purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, HoldingsChannel.com reports. The fund purchased 10,180 shares of the software company’s stock, valued at approximately $2,442,000.

A number of other hedge funds also recently made changes to their positions in ADBE. Evergreen Private Wealth LLC increased its stake in Adobe by 9.7% during the third quarter. Evergreen Private Wealth LLC now owns 26,544 shares of the software company’s stock worth $6,369,000 after acquiring an additional 2,347 shares during the last quarter. Factory Mutual Insurance Co. acquired a new position in shares of Adobe in the 3rd quarter valued at about $216,000. Aware Super Pty Ltd as trustee of Aware Super lifted its stake in shares of Adobe by 1.5% in the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 185,043 shares of the software company’s stock valued at $44,399,000 after purchasing an additional 2,720 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Adobe by 47.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,884 shares of the software company’s stock worth $692,000 after purchasing an additional 932 shares during the period. Finally, Greenfield Seitz Capital Management LLC increased its position in Adobe by 14.9% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 18,598 shares of the software company’s stock worth $4,462,000 after purchasing an additional 2,405 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing licensed music from Universal Music Group and Warner Music Group to Premiere mobile. The added music catalog could make the video-editing app more useful and attractive to creators, though the reports did not describe a financial contribution. Forbes article on Adobe’s music deals
• Neutral Sentiment: Analyst views remain split: some see potential in Adobe’s freemium offerings and AI, while others are wary of softer annual recurring revenue (ARR) trends and competition. A compiled fair-value estimate was trimmed from $275.06 to $268.30, suggesting somewhat less estimated upside. Analyst views on Adobe fair value
• Negative Sentiment: Investors may be concerned that AI could challenge Adobe’s competitive edge, as new AI tools and software alternatives raise questions about the durability of its business and pricing power. This concern adds to pressure from competition and softer ARR trends. Article on AI and Adobe’s competitive edge

Insider Activity

In other news, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction dated 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 owned 238,724 shares in the company, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADBE. HSBC lowered shares of Adobe from a “buy” rating to a “hold” rating and cut their price target for the company from $310.00 to $267.00 in a report on Tuesday, October 13th. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. TD Cowen reissued a “hold” rating and issued a $245.00 target price on shares of Adobe in a research note on Wednesday, September 9th. Sanford C. Bernstein cut their target price on shares of Adobe from $379.00 to $373.00 and set an “outperform” rating on the stock in a research note on Friday, September 11th. Finally, DA Davidson lifted their target price on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a report on Monday, September 14th. Nine analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $283.90.

Adobe Stock Down 2.1%

Shares of NASDAQ:ADBE opened at $246.14 on Wednesday. The firm has a market cap of $95.80 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. The company has a fifty day simple moving average of $253.29 and a 200 day simple moving average of $250.40. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities research analysts anticipate that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Adobe Company 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.