Adobe Inc. $ADBE Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 14.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,069 shares of the software company’s stock after selling 8,132 shares during the period. Sterling Capital Management LLC’s holdings in Adobe were worth $11,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. MLP3 LLC increased its stake in shares of Adobe by 14.3% in the 3rd quarter. MLP3 LLC now owns 1,515 shares of the software company’s stock valued at $364,000 after purchasing an additional 190 shares during the last quarter. MBL Wealth LLC bought a new position in Adobe in the third quarter valued at about $237,000. Studio Investment Management LLC boosted its stake in shares of Adobe by 5.3% during the third quarter. Studio Investment Management LLC now owns 5,913 shares of the software company’s stock valued at $1,419,000 after purchasing an additional 295 shares in the last quarter. Old North State Wealth Management LLC boosted its stake in shares of Adobe by 9.9% during the third quarter. Old North State Wealth Management LLC now owns 21,975 shares of the software company’s stock valued at $5,273,000 after purchasing an additional 1,975 shares in the last quarter. Finally, NBT Bank N.A. bought a new stake in shares of Adobe during the third quarter worth about $253,000. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ADBE shares. Jefferies Financial Group lowered their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Piper Sandler upped their price target on shares of Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. TD Cowen reaffirmed a “hold” rating and set a $245.00 price target on shares of Adobe in a research note on Wednesday, September 9th. Wells Fargo & Company lowered shares of Adobe from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $270.00 to $225.00 in a report on Monday, October 12th. Finally, BMO Capital Markets boosted their price objective on shares of Adobe from $230.00 to $270.00 and gave the stock a “market perform” rating in a research note on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $283.90.

Adobe Trading Down 2.5%

Shares of ADBE stock traded down $6.73 during trading hours on Friday, hitting $263.82. 3,128,994 shares of the company were exchanged, compared to its average volume of 4,335,550. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $363.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $102.68 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a 50 day simple moving average of $255.83 and a two-hundred day simple moving average of $243.54.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion for 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 revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities analysts anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction dated 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 transaction, the chief executive officer owned 238,724 shares of the company’s stock, valued at $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 125,416 shares of company stock valued at $31,454,466. 0.20% of the stock is currently owned by insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe continues to benefit from high margins, substantial free cash flow, a large user base and recurring-revenue growth. Supporters argue that the stock’s relatively low valuation and continued annual recurring revenue buildup create potential for a turnaround. Adobe: Deep Value Amid Continued ARR Buildup
• Positive Sentiment: Recent AI-related partnerships, including an expanded relationship with NVIDIA and a new deal making Adobe the official AI fan-experience partner of BWT Alpine Formula One, reinforce the company’s effort to demonstrate practical uses for its AI tools and expand its brand reach. Adobe and BWT Alpine Formula One Team Partner
• Positive Sentiment: Adobe recently exceeded analysts’ quarterly EPS and revenue estimates, while management maintained fiscal 2026 earnings guidance. Those results provide fundamental support even as the share price has lagged broader technology benchmarks.
• Neutral Sentiment: Wall Street is divided: some analysts see substantial upside if Adobe converts its AI investments into monetized growth, while others remain cautious. Articles comparing Adobe with Salesforce, CrowdStrike and Arista Networks highlight that the stock’s appeal depends on an investor’s preference for valuation and profitability versus faster growth. Adobe Stock Has Been Under Pressure
• Negative Sentiment: The principal overhang is AI disruption risk. Investors remain concerned that competing tools from companies such as Anthropic and Google could reduce demand for Adobe’s traditional applications or pressure pricing through “app-less” creative workflows. Adobe: Strong Fundamentals, But AI Remains the Key Risk
• Negative Sentiment: The stock’s decline despite repeated earnings outperformance signals that investors want clearer evidence of accelerating growth and successful AI monetization before assigning Adobe a higher multiple.

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.