Seilern Investment Management Ltd trimmed its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 23.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,205 shares of the software company’s stock after selling 42,691 shares during the period. Adobe accounts for approximately 4.1% of Seilern Investment Management Ltd’s holdings, making the stock its 12th largest holding. Seilern Investment Management Ltd’s holdings in Adobe were worth $32,921,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Adobe in the 2nd quarter valued at about $8,437,821,000. Primecap Management Co. CA acquired a new stake in Adobe during the 2nd quarter worth approximately $1,071,668,000. Bank of New York Mellon Corp purchased a new position in Adobe in the second quarter valued at approximately $954,468,000. Deutsche Bank AG purchased a new position in Adobe in the second quarter valued at approximately $750,203,000. Finally, Legal & General Group Plc acquired a new position in Adobe during the second quarter valued at approximately $653,307,000. Institutional investors and hedge funds own 81.79% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on ADBE shares. Phillip Securities lowered Adobe from a “strong-buy” rating to a “hold” rating and cut their price objective for the company from $368.00 to $203.00 in a research report on Monday, June 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. CLSA initiated coverage on Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price for the company. Evercore set a $250.00 target price on Adobe in a report on Friday, September 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $315.00 price target on shares of Adobe 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $283.90.
Insider Buying and Selling at Adobe
In other news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the sale, the chief executive officer directly owned 289,224 shares in the company, valued at approximately $72,757,189.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is currently owned by corporate insiders.
Adobe News Roundup
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe reported record fiscal third-quarter revenue, raised its full-year outlook and surpassed 1 billion monthly active users. Supporters argue that the shares now trade below 10 times forward earnings, suggesting that much of the AI risk may already be priced in. Adobe Trades Under 10 Times Earnings
- Positive Sentiment: Adobe’s AI revenue is reportedly growing at a triple-digit rate, while its extended partnership with Heathrow Airport could expand the use of Adobe’s AI agents into digital marketing and passenger experiences serving more than 84 million annual travelers. Adobe Heathrow AI Partnership
- Neutral Sentiment: Some analysts contend that free, AI-built alternatives to Adobe’s Creative Cloud have major limitations and are unlikely to quickly replace professional workflows. However, the growing number of these tools is keeping investor concerns about future subscription cannibalization elevated. Adobe Creative Cannibalization Analysis
- Negative Sentiment: Wells Fargo delivered the most significant near-term pressure by downgrading Adobe to Underweight from Equal Weight and cutting its price target to $225 from $270. The firm cited deteriorating organic growth, executive instability, reduced pricing power and difficulty monetizing AI. Wells Fargo Downgrades Adobe
- Negative Sentiment: A Wells Fargo CIO survey indicated Adobe may be losing a share of corporate AI budgets to competing platforms. Investors are therefore questioning whether AI will supplement Adobe’s Creative Cloud and Document Cloud businesses—or eventually weaken their growth and pricing.
Adobe Stock Performance
NASDAQ ADBE traded down $2.26 on Tuesday, hitting $235.88. The stock had a trading volume of 1,718,794 shares, compared to its average volume of 5,716,313. The company’s 50-day moving average is $257.94 and its two-hundred day moving average is $242.84. Adobe Inc. has a one year low of $190.12 and a one year high of $363.70. The stock has a market cap of $91.81 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.84 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.31 earnings per share. 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 expect that Adobe Inc. will post 20.01 earnings per share for the current year.
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.
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