Modera Wealth Management LLC Sells 2,944 Shares of Adobe Inc. $ADBE

Modera Wealth Management LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 18.6% during the third quarter, HoldingsChannel.com reports. The fund owned 12,890 shares of the software company’s stock after selling 2,944 shares during the quarter. Modera Wealth Management LLC’s holdings in Adobe were worth $3,093,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Adobe in the 2nd quarter valued at about $8,437,821,000. Arrowstreet Capital Limited Partnership increased its holdings in Adobe by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after purchasing an additional 563,772 shares in the last quarter. Amundi lifted its stake in Adobe by 1.1% in the first quarter. Amundi now owns 4,724,102 shares of the software company’s stock valued at $1,148,335,000 after buying an additional 53,424 shares during the period. Primecap Management Co. CA bought a new position in shares of Adobe during the 2nd quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 worth $1,034,438,000 after buying an additional 18,995 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 289,224 shares in the company, valued at approximately $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
• Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
• Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
• Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
• Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
• Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADBE. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research report on Tuesday, September 8th. Stifel Nicolaus boosted their target price on shares of Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, September 9th. Jefferies Financial Group cut their target price on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. UBS Group raised their price target on shares of Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Adobe in a research note on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $283.90.

Adobe Stock Performance

ADBE stock opened at $250.23 on Monday. 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 has a market cap of $97.39 billion, a PE ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42. The business has a 50 day moving average of $254.37 and a 200-day moving average of $250.98. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the previous year, the firm earned $5.31 earnings per share. The business’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. As a group, sell-side analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Adobe 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.