Carmel Capital Partners LLC Makes New $662,000 Investment in Adobe Inc. $ADBE

Carmel Capital Partners LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 2,759 shares of the software company’s stock, valued at approximately $662,000.

A number of other institutional investors have also recently bought and sold shares of the company. Phoenix Wealth Advisors purchased a new position in Adobe in the third quarter valued at about $205,000. Alps Advisors Inc. grew 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 buying an additional 2,661 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Adobe by 29.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 13,427 shares of the software company’s stock valued at $3,222,000 after buying an additional 3,044 shares in the last quarter. Heritage Family Offices LLP acquired a new position in Adobe in the third quarter worth approximately $201,000. Finally, Waldron Private Wealth LLC acquired a new position in Adobe in the third quarter worth approximately $349,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at $59,578,348.68. This trade represents a 17.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Adobe Stock Performance

NASDAQ:ADBE traded down $7.14 during midday trading on Friday, reaching $239.30. The stock had a trading volume of 3,295,382 shares, compared to its average volume of 4,311,005. The stock has a market capitalization of $93.14 billion, a P/E ratio of 13.35, a PEG ratio of 0.88 and a beta of 1.37. Adobe Inc. has a 1-year low of $190.12 and a 1-year 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 firm’s fifty day simple moving average is $251.24 and its 200-day simple moving average is $249.62.

Adobe (NASDAQ:ADBE) last released its quarterly 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. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior 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, equities research analysts forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Wells Fargo & Company lowered shares of Adobe from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $270.00 to $225.00 in a research note on Monday, October 12th. HSBC downgraded shares of Adobe from a “buy” rating to a “hold” rating and cut their price target for the company from $310.00 to $267.00 in a report on Tuesday, October 13th. Mizuho set a $260.00 price objective on shares of Adobe and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Adobe in a research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $282.52.

Key Headlines Impacting Adobe

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?

Adobe Company Profile

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.