53,124 Adobe Inc. $ADBE Shares Bought by Atwood & Palmer Inc.

Atwood & Palmer Inc. lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 590,266.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,133 shares of the software company’s stock after purchasing an additional 53,124 shares during the period. Atwood & Palmer Inc.’s holdings in Adobe were worth $12,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Artemis Investment Management LLP acquired a new stake in shares of Adobe in the third quarter valued at approximately $13,200,000. Everhart Financial Group Inc. increased its holdings in shares of Adobe by 24.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 1,775 shares of the software company’s stock worth $426,000 after acquiring an additional 351 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Adobe in the 3rd quarter valued at $309,000. Quintet Private Bank Europe S.A. raised its stake in Adobe by 87.3% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 14,497 shares of the software company’s stock valued at $3,478,000 after acquiring an additional 6,756 shares during the period. Finally, Veery Capital LLC acquired a new stake in Adobe during the 3rd quarter valued at $238,000. 81.79% of the stock is owned by institutional investors.

Adobe Price Performance

Shares of NASDAQ ADBE traded up $8.28 during midday trading on Thursday, reaching $241.05. The company’s stock had a trading volume of 5,797,922 shares, compared to its average volume of 5,753,341. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $93.82 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.83 and a beta of 1.42. The business’s 50 day moving average price is $258.36 and its two-hundred day moving average price is $242.88. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $363.70.

Adobe (NASDAQ:ADBE) last issued 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 return on equity of 65.65% and a net margin of 28.05%.The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the business posted $5.31 earnings per share. The firm’s quarterly 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 forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ADBE. Citigroup reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. Weiss Ratings upgraded shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Piper Sandler increased their target price on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Sanford C. Bernstein dropped their price target on Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a report on Friday, June 12th. Finally, The Goldman Sachs Group reduced their price target on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $282.68.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Technical recovery interest: Adobe’s extended selloff and position below several key moving averages may be attracting investors looking for a potential rebound. What’s Going On With Adobe Stock Thursday?
• Positive Sentiment: NHL marketing partnership: Adobe became the National Hockey League’s official Creative, Marketing and AI Partner, giving its customer-experience products and Firefly generative-AI tools exposure to the league’s global audience. The deal could support brand visibility and enterprise adoption, although its near-term financial impact is unclear. Adobe Joins The NHL
• Neutral Sentiment: Solid fundamentals versus AI concerns: Analysts highlighted Adobe’s profitability, cash generation and continued double-digit revenue growth, but investors remain focused on whether growth can hold up as AI competition intensifies. Are Strong Fundamentals Enough to Overcome AI Fears?
• Negative Sentiment: Immigration-program suspension: The U.S. Labor Department suspended Adobe from the Permanent Labor Certification program, which supports green-card applications for skilled foreign workers, citing alleged abuse. The action could create hiring and compliance uncertainty, though the immediate financial effect is not yet clear. U.S. Suspends Adobe From Green-Card Labor Program
• Negative Sentiment: Ongoing investor concerns: Despite recent earnings and revenue beats, the market continues to question Adobe’s underlying growth momentum, AI competitive position and upcoming CEO transition. Reported insider activity has also been dominated by sales rather than purchases. Adobe Shares Slide as Investors Digest Softer Growth Concerns

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is currently owned by insiders.

Adobe Profile

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.