2,843 Shares in Adobe Inc. $ADBE Acquired by Lakewood Asset Management LLC

Lakewood Asset Management LLC acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,843 shares of the software company’s stock, valued at approximately $682,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Apollon Wealth Management LLC boosted its stake in shares of Adobe by 2.4% during the third quarter. Apollon Wealth Management LLC now owns 7,961 shares of the software company’s stock valued at $1,910,000 after purchasing an additional 183 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in shares of Adobe by 11.6% in the third quarter. Kingswood Wealth Advisors LLC now owns 1,986 shares of the software company’s stock worth $477,000 after purchasing an additional 206 shares during the last quarter. Samalin Investment Counsel LLC bought a new position in shares of Adobe in the third quarter worth approximately $582,000. Mainsail Financial Group LLC increased its stake in shares of Adobe by 12.2% in the third quarter. Mainsail Financial Group LLC now owns 6,636 shares of the software company’s stock worth $1,592,000 after buying an additional 723 shares during the period. Finally, Probity Advisors Inc. increased its stake in shares of Adobe by 24.8% in the third quarter. Probity Advisors Inc. now owns 3,505 shares of the software company’s stock worth $841,000 after buying an additional 696 shares during the period. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Down 2.0%

NASDAQ:ADBE opened at $258.62 on Tuesday. The firm’s 50-day moving average price is $255.78 and its 200-day moving average price is $253.08. The company has a market capitalization of $100.65 billion, a PE ratio of 14.43, a P/E/G ratio of 0.92 and a beta of 1.42. 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 Inc. has a 1-year low of $190.12 and a 1-year high of $363.70.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the business earned $5.31 EPS. Adobe’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, equities analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADBE shares. Sanford C. Bernstein lowered their price target on shares of Adobe from $379.00 to $373.00 and set an “outperform” rating for the company in a report on Friday, September 11th. JPMorgan Chase & Co. cut their price target on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a research note on Friday, September 11th. TD Cowen reiterated a “hold” rating and set a $245.00 target price on shares of Adobe in a report on Wednesday, September 9th. Finally, HSBC cut Adobe from a “buy” rating to a “hold” rating and cut their target price for the stock from $310.00 to $267.00 in a research note on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $283.90.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s strong profitability and valuation are attracting bullish attention. Commentaries highlight roughly $10 billion in annual free cash flow, a net margin near 30%, a large user ecosystem and a relatively modest earnings multiple. Supporters argue the market is overlooking Adobe’s ability to monetize AI rather than be displaced by it. The Market is Misinformed About Adobe’s AI Risks and Blind to Its Margins
• Positive Sentiment: Adobe is expanding commercial applications for its AI and customer-experience tools. A planned partnership with the BWT Alpine Formula One Team will bring personalized AI fan experiences beginning in 2027, while a separate initiative with the NHL targets personalization for as many as 200 million fans. Adobe Lands 2027 AI Fan Experience Partnership In Global Sports
• Neutral Sentiment: Recent comparisons with Datadog and DocuSign frame Adobe as a mature, highly profitable software leader, but investors must balance its cash generation and scale against the faster growth potential of those smaller companies. Adobe vs. Datadog
• Neutral Sentiment: A report says October short interest totaled zero shares, implying no measurable short position; however, the figure conflicts with the description of a “significant increase” and should be treated cautiously.
• Negative Sentiment: A bearish analyst downgrade underscores fears that AI-native tools could erode Adobe’s pricing power, reduce demand for traditional applications or force heavier investment to defend its franchise. These concerns appear to be the primary reason investors remain cautious despite improving financial results. Adobe: Who Eats The Company First, AI Or Itself?

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction 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 approximately $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 125,416 shares of company stock worth $31,454,466. Corporate insiders own 0.20% of the company’s stock.

Adobe Profile

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.