Adobe Inc. $ADBE Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

Posted by Brian Himes on Nov 7th, 2026

W.G. Shaheen & Associates DBA Whitney & Co decreased its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,649 shares of the software company’s stock after selling 2,984 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Adobe were worth $10,473,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. United Advisor Group LLC acquired a new stake in Adobe in the third quarter valued at $382,000. Plancorp LLC bought a new position in Adobe during the 3rd quarter valued at $284,000. Carmel Capital Partners LLC acquired a new position in Adobe during the 3rd quarter worth $662,000. Phoenix Wealth Advisors bought a new stake in shares of Adobe in the 3rd quarter worth about $205,000. Finally, Alps Advisors Inc. raised its stake in shares of Adobe by 36.3% in the 3rd quarter. Alps Advisors Inc. now owns 9,997 shares of the software company’s stock valued at $2,399,000 after purchasing an additional 2,661 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe is bringing its CX Enterprise Coworker marketing agent to ChatGPT, Claude, Gemini, Microsoft Copilot and other platforms. The move could extend Adobe’s reach and help it compete as businesses adopt AI tools. Adobe brings CX Enterprise Coworker to major AI platforms
Neutral Sentiment: Adobe is adjusting its strategy in response to AI-related risks. The strategic shift may help it adapt, though the articles do not establish whether it will translate into stronger growth or results. Adobe Stock: Buy or Sell?
Negative Sentiment: Citi downgraded Adobe to Sell and set a $207 price target, citing the risk of a “hard reset” and a weaker fiscal 2027 outlook. The downgrade adds to concerns about Adobe’s growth trajectory; a related report says the stock is down 29% in 2026. Adobe Is Down 29% This Year. Time to Sell or Buy More?

Insiders Place Their Bets

In related news, 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 sale, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. This trade represents a 17.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADBE. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. JPMorgan Chase & Co. cut their price objective on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. The Goldman Sachs Group increased their target price on Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a report on Monday, September 14th. TD Cowen reiterated a “hold” rating and issued a $245.00 target price on shares of Adobe in a research report on Wednesday, September 9th. Finally, Robert W. Baird boosted their price target on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $282.52.

Get Our Latest Research Report on Adobe

Adobe Stock Performance

NASDAQ:ADBE traded down $7.14 during midday trading on Friday, reaching $239.30. 3,295,382 shares of the company traded hands, compared to its average volume of 4,311,005. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The company has a fifty day moving average price of $251.24 and a 200 day moving average price of $249.62. The firm has a market capitalization of $93.14 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37.

Adobe (NASDAQ:ADBE – Get Free Report) last posted 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 company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period last 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 expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Adobe Profile

(Free Report)

Adobe Inc develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world.

Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.

Through its Digital Experience business, Adobe provides tools for managing digital marketing, customer experiences, analytics and commerce.