Adobe Inc. $ADBE Stock Sold by Heritage Investors Management Corp

Posted by Francis Steltz on Nov 2nd, 2026

Heritage Investors Management Corp trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 24.4% during the third quarter, Holdings Channel reports. The institutional investor owned 35,188 shares of the software company’s stock after selling 11,372 shares during the period. Heritage Investors Management Corp’s holdings in Adobe were worth $8,443,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Mizuho set a $260.00 target price on shares of Adobe and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Morgan Stanley reiterated an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $315.00 price objective on shares of Adobe in a research note on Friday, September 11th. Finally, UBS Group lifted their target price on Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $283.90.

Check Out Our Latest Research Report on Adobe

Adobe Stock Performance

Adobe stock opened at $250.23 on Monday. Adobe Inc. has a 52 week low of $190.12 and a 52 week 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. The firm has a market capitalization of $97.39 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a 50 day moving average price of $254.37 and a 200 day moving average price of $250.98.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its 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. The company 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 company’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $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. Research analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

About Adobe

(Free Report)

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.