Adobe Inc. $ADBE Stock Holdings Lowered by Chiron Capital Management LLC

Chiron Capital Management LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 34.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,720 shares of the software company’s stock after selling 4,600 shares during the quarter. Adobe makes up 1.9% of Chiron Capital Management LLC’s holdings, making the stock its 9th biggest position. Chiron Capital Management LLC’s holdings in Adobe were worth $2,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Adobe by 32.0% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,581 shares of the software company’s stock valued at $619,000 after purchasing an additional 625 shares during the period. Mather Group LLC. lifted its holdings in Adobe by 5.0% during the 3rd quarter. Mather Group LLC. now owns 11,455 shares of the software company’s stock valued at $2,749,000 after buying an additional 548 shares in the last quarter. Tempus Wealth Planning LLC boosted its position in Adobe by 33.7% in the 3rd quarter. Tempus Wealth Planning LLC now owns 1,614 shares of the software company’s stock valued at $387,000 after buying an additional 407 shares during the period. Sanders Morris Harris LLC bought a new position in Adobe in the 3rd quarter worth about $841,000. Finally, Lodestone Wealth Management LLC grew its stake in Adobe by 1,044.4% in the 3rd quarter. Lodestone Wealth Management LLC now owns 309 shares of the software company’s stock worth $74,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 74,500 shares of Adobe stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the completion of the sale, the chief executive officer directly owned 289,224 shares in the company, valued at $72,757,189.44. This represents a 20.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,416 shares of company stock worth $31,454,466 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Performance

ADBE traded up $9.31 during midday trading on Thursday, hitting $250.00. 2,989,069 shares of the company were exchanged, compared to its average volume of 5,701,667. The firm has a market capitalization of $97.30 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $363.70. The company’s 50 day simple moving average is $257.14 and its 200 day simple moving average is $242.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

Adobe (NASDAQ:ADBE) last announced its quarterly 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. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. Adobe’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business 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. As a group, sell-side analysts predict that Adobe Inc. will post 20.01 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the subject of several research analyst reports. Wells Fargo & Company downgraded shares of Adobe from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $270.00 to $225.00 in a research note on Monday. TD Cowen restated a “hold” rating and issued a $245.00 price target on shares of Adobe in a report on Wednesday, September 9th. Robert W. Baird boosted their price objective on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Jefferies Financial Group cut their price objective on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a report on Friday, September 11th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Nine 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 company. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus price target of $283.90.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investors may be giving greater weight to Adobe’s latest results, which exceeded consensus estimates for revenue and earnings, alongside fiscal 2026 guidance calling for approximately $26.5 billion-$26.6 billion in revenue and non-GAAP EPS of roughly $24.35-$24.45. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: An expanded partnership with Heathrow Airport involving agentic AI and customer-experience tools provides evidence that Adobe’s AI products are attracting large enterprise customers, supporting the case that Firefly and GenStudio can contribute to future growth. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: Adobe’s high margins, strong cash-flow generation, double-digit revenue growth, and comparatively lower valuation may be encouraging dip-buying after the stock’s recent weakness. Capitalizing on Adobe’s High-Margin Platform and Free Cash Flow Generation

Adobe Company Profile

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.