Kestra Investment Management LLC Purchases New Holdings in Adobe Inc. $ADBE

Kestra Investment Management LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,430 shares of the software company’s stock, valued at approximately $583,000.

Several other hedge funds also recently modified their holdings of the business. Investment Research & Advisory Group Inc. increased its position in shares of Adobe by 185.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Adobe during the 2nd quarter worth about $95,000. Latitude Advisors LLC bought a new position in Adobe in the 3rd quarter valued at $29,000. North Point Portfolio Managers Corp OH bought a new position in shares of Adobe in the third quarter valued at about $30,000. Finally, Bullock Wealth Management Group lifted its position in shares of Adobe by 468.2% during the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock worth $30,000 after purchasing an additional 103 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Trading Up 0.4%

ADBE opened at $237.60 on Thursday. The firm’s fifty day moving average is $248.07 and its two-hundred day moving average is $248.70. The firm has a market cap of $92.47 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77.

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, beating the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the previous year, the business earned $5.31 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. 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 anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADBE shares. Evercore set a $250.00 price target on Adobe in a research note on Friday, September 11th. Sanford C. Bernstein reduced 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. Robert W. Baird lifted their price target on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Bank of America boosted their price target on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. Finally, TD Cowen reissued a “hold” rating and set a $245.00 price target on shares of Adobe in a research note on Wednesday, September 9th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $282.52.

Latest Adobe News

Here’s some of the latest news about ADBE:

• Positive Sentiment: At Adobe MAX, the company announced AI assistants and agentic features across Creative Cloud and Firefly, including tools for image and video workflows. These features could strengthen Adobe’s products and help it capture demand for AI-enabled creative software, though commercial impact will depend on customer adoption. Article: Adobe adds AI assistants and generative tools across Creative Cloud
• Positive Sentiment: RBC reaffirmed its “outperform” rating and set a $315 price target, indicating analyst confidence in potential upside from the referenced $237.60 price. Article: Royal Bank of Canada recommendations
• Positive Sentiment: Investor Michael Burry reportedly increased his Adobe position, a signal of confidence in the stock’s value prospects. Article: Michael Burry’s portfolio

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the transaction, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

About Adobe

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.