4,926 Adobe Inc. $ADBE Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 30.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,145 shares of the software company’s stock after selling 4,926 shares during the quarter. Parallel Advisors LLC’s holdings in Adobe were worth $2,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Adobe in the 2nd quarter worth $8,437,821,000. Arrowstreet Capital Limited Partnership raised its stake in Adobe by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after purchasing an additional 563,772 shares during the period. Amundi raised its stake in Adobe by 11.0% during the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after purchasing an additional 518,362 shares during the period. Primecap Management Co. CA purchased a new position in Adobe in the 2nd quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Adobe by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock valued at $1,034,438,000 after buying an additional 18,995 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

ADBE stock opened at $239.30 on Monday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The stock has a market capitalization of $93.14 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $251.24 and its two-hundred day simple moving average is $249.62.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS 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 the consensus estimate of $6.69 billion. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. As a group, analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. BTIG Research reiterated a “neutral” rating on shares of Adobe in a report on Friday, September 11th. UBS Group increased their price target on Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Weiss Ratings raised Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Citizens Jmp reissued a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Finally, Robert W. Baird upped their price target on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $282.52.

Trending Headlines about 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?

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at $72,757,189.44. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

About Adobe

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.