38,469 Adobe Inc. $ADBE Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 85.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,625 shares of the software company’s stock after selling 38,469 shares during the period. Greenleaf Trust’s holdings in Adobe were worth $1,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADBE. Investment Research & Advisory Group Inc. increased its holdings in Adobe by 185.7% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Security National Bank of Sioux City Iowa IA purchased a new position in Adobe during the second quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Adobe during the second quarter valued at $28,000. Latitude Advisors LLC acquired a new stake in shares of Adobe in the third quarter valued at about $29,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Adobe in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the transaction, the chief executive officer directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. Weiss Ratings raised shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Evercore set a $250.00 price objective on Adobe in a report on Friday, September 11th. Piper Sandler boosted their price objective on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Finally, Bank of America increased their target price on Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $283.90.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing licensed music from Universal Music Group and Warner Music Group to Premiere mobile. The added music catalog could make the video-editing app more useful and attractive to creators, though the reports did not describe a financial contribution. Forbes article on Adobe’s music deals
• Neutral Sentiment: Analyst views remain split: some see potential in Adobe’s freemium offerings and AI, while others are wary of softer annual recurring revenue (ARR) trends and competition. A compiled fair-value estimate was trimmed from $275.06 to $268.30, suggesting somewhat less estimated upside. Analyst views on Adobe fair value
• Negative Sentiment: Investors may be concerned that AI could challenge Adobe’s competitive edge, as new AI tools and software alternatives raise questions about the durability of its business and pricing power. This concern adds to pressure from competition and softer ARR trends. Article on AI and Adobe’s competitive edge

Adobe Price Performance

Shares of ADBE stock opened at $246.14 on Wednesday. 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 firm’s 50-day moving average is $253.29 and its two-hundred day moving average is $250.40. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $362.71. The company has a market capitalization of $95.80 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the business posted $5.31 EPS. Adobe’s revenue was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Analysts predict that Adobe Inc. will post 20.01 earnings per share for the current year.

Adobe Company 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.