Eagle Rock Investment Company LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 49.2% in the third quarter, HoldingsChannel.com reports. The firm owned 8,654 shares of the software company’s stock after selling 8,371 shares during the period. Eagle Rock Investment Company LLC’s holdings in Adobe were worth $2,076,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ADBE. Axxcess Wealth Management LLC grew its stake in shares of Adobe by 4.4% in the third quarter. Axxcess Wealth Management LLC now owns 1,654 shares of the software company’s stock valued at $397,000 after buying an additional 70 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Adobe by 2.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 99,264 shares of the software company’s stock worth $23,817,000 after acquiring an additional 2,837 shares in the last quarter. Strengthening Families & Communities LLC lifted its stake in Adobe by 2.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,137 shares of the software company’s stock worth $993,000 after acquiring an additional 104 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in Adobe during the 3rd quarter worth about $211,000. Finally, Capstone Capital Management Ltd boosted its holdings in Adobe by 7.7% during the 3rd quarter. Capstone Capital Management Ltd now owns 4,271 shares of the software company’s stock valued at $1,025,000 after acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.
Adobe Stock Down 0.7%
Shares of NASDAQ ADBE opened at $255.06 on Thursday. The stock has a market cap of $99.27 billion, a P/E ratio of 14.23, a PEG ratio of 0.90 and a beta of 1.42. 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 $363.70. The business’s fifty day simple moving average is $255.84 and its 200-day simple moving average is $243.20.
Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results 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 return on equity of 65.65% and a net margin of 28.05%. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the business posted $5.31 earnings per share. Adobe’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. As a group, equities analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.
Insider Transactions at Adobe
In other Adobe news, CAO Jillian Forusz sold 416 shares of the 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 of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shantanu Narayen sold 50,500 shares of Adobe 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 completion of the transaction, the chief executive officer owned 238,724 shares of the company’s stock, valued at $59,578,348.68. The trade was a 17.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 125,416 shares of company stock worth $31,454,466 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have weighed in on ADBE. BMO Capital Markets lifted their target price on Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research report on Friday, September 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. DA Davidson increased their price target on shares of Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Citigroup reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Finally, Robert W. Baird lifted 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. Nine equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, Adobe presently has an average rating of “Hold” and a consensus price target of $283.90.
Read Our Latest Stock Analysis on ADBE
More Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe’s expanded partnership with NVIDIA adds next-generation GPU acceleration and AI features to its creative applications, potentially improving content-creation workflows and strengthening Adobe’s enterprise AI offering. The company is also working with Heathrow Airport on AI-powered customer-experience initiatives. Adobe Deepens AI Partnerships Across Creative and Customer Experience Tools
- Positive Sentiment: The digital-signature market is forecast to grow from $17.68 billion in 2026 to $66.26 billion by 2031. Adobe’s Acrobat and document-cloud products could benefit from rising demand tied to remote work, fraud prevention and data-privacy compliance, although the report also identifies high setup costs and interoperability as constraints. Digital Signature Market Forecast to 2031
- Positive Sentiment: Some valuation-focused analysts view Adobe as a long-term value opportunity. Recent earnings also showed resilience, with earnings exceeding estimates and revenue growing year over year, while the company maintained fiscal-year earnings guidance. Why Adobe Is a Top Value Stock for the Long Term
- Neutral Sentiment: Adobe is receiving increased investor attention following its quarterly results, with market participants focused on AI monetization, future growth and whether the company’s relatively low valuation adequately reflects those risks and opportunities. Adobe Buy, Sell, or Hold Post Q3 Earnings
- Neutral Sentiment: Adobe gained support in broader software trading as Salesforce retreated after announcing its major Braze acquisition, though this relative strength does not address Adobe’s own growth concerns. Salesforce Retreats After Braze Deal
- Negative Sentiment: Wells Fargo downgraded Adobe from Overweight to Underweight, adding direct analyst pressure and reinforcing concerns about slowing growth and competitive risks. Wells Fargo Downgrades Adobe
- Negative Sentiment: Commentary continues to question whether generative AI will weaken Adobe’s pricing power or make creative tools easier to replace. Adobe is identified as one of the software companies facing the most difficult structural questions as AI spending expands. The AI Buildout Is Only 15% Complete
About Adobe
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.
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