Adobe Inc. $ADBE Shares Purchased by Atwood & Palmer Inc.

Posted by Brian Himes on Oct 8th, 2026

Atwood & Palmer Inc. raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 590,266.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,133 shares of the software company’s stock after acquiring 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 reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADBE. BlackRock Inc. bought a new stake in shares of Adobe in the 2nd quarter valued at about $8,437,821,000. Johnson Financial Group Inc. bought a new position in Adobe during the 2nd quarter worth approximately $2,289,000. Biondo Investment Advisors LLC acquired a new position in Adobe during the second quarter valued at approximately $2,647,000. Summit Global Investments acquired a new position in Adobe during the second quarter valued at approximately $1,401,000. Finally, Silver Heights Capital Management Inc bought a new stake in Adobe in the fourth quarter valued at approximately $34,242,000. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADBE. Royal Bank Of Canada reissued an “outperform” rating and issued a $315.00 price target on shares of Adobe in a report on Friday, September 11th. Jefferies Financial Group decreased their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating for the company 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 report on Tuesday, September 1st. Mizuho set a $260.00 price target on shares of Adobe in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and an average price target of $282.68.

Check Out Our Latest Analysis on Adobe

Adobe Stock Up 3.6%

NASDAQ:ADBE traded up $8.28 during trading hours on Thursday, reaching $241.05. 5,797,922 shares of the stock were exchanged, compared to its average volume of 5,753,341. The stock has a market cap of $93.82 billion, a PE ratio of 13.45, a PEG ratio of 0.83 and a beta of 1.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $363.70. The firm has a 50 day moving average of $258.36 and a 200 day moving average of $242.88. 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 (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the company earned $5.31 earnings per share. The firm’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, equities analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Insider Activity

In related news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction dated 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 sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction dated 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 125,416 shares of company stock worth $31,454,466 over the last three months. Insiders own 0.20% of the company’s stock.

Adobe News Summary

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

Adobe Company Profile

(Free Report)

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.