1,975 Adobe Inc. $ADBE Shares Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,975 shares of the software company’s stock after buying an additional 1,975 shares during the period. Adobe makes up approximately 2.0% of Old North State Wealth Management LLC’s holdings, making the stock its 18th largest holding. Old North State Wealth Management LLC’s holdings in Adobe were worth $5,273,000 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. BlackRock Inc. bought a new stake in Adobe in the second quarter worth $8,437,821,000. Primecap Management Co. CA purchased a new position in Adobe during the second quarter worth $1,071,668,000. Bank of New York Mellon Corp bought a new position in Adobe during the second quarter valued at $954,468,000. Deutsche Bank AG bought a new position in Adobe during the second quarter valued at $750,203,000. Finally, Legal & General Group Plc bought a new position in Adobe during the second quarter valued at $653,307,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE opened at $270.55 on Friday. The business has a fifty day moving average of $255.84 and a 200 day moving average of $243.40. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $363.70. 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 stock has a market cap of $105.30 billion, a P/E ratio of 15.10, a PEG ratio of 0.89 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 return on equity of 65.65% and a net margin of 28.05%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the company posted $5.31 EPS. Adobe’s quarterly 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 anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a research note on Monday, September 14th. Jefferies Financial Group dropped their price target on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Barclays lifted their price target on shares of Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. DA Davidson upped their price target on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a report on Monday, September 14th. Finally, Bank of America increased their price objective on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. Nine investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $283.90.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s expanded AI relationship with NVIDIA is supporting expectations for faster creative workflows and broader adoption of AI-powered features across its Creative Cloud and enterprise products. The company has also announced AI-focused customer-experience partnerships with Heathrow Airport and BWT Alpine Formula One Team. Adobe Deepens AI Partnerships
• Positive Sentiment: The BWT Alpine agreement names Adobe the team’s Official AI Fan Experience Partner, providing a visible commercial use case for personalized digital experiences and potentially strengthening Adobe’s AI brand. Adobe and BWT Alpine Partnership
• Positive Sentiment: Investors are emphasizing Adobe’s relatively depressed valuation, recurring-revenue buildup and long-term value potential. Analysts also point to the expanding digital-signature market, where Adobe’s Acrobat and Document Cloud products are established participants. Adobe Deep Value Amid Continued ARR Buildup
• Neutral Sentiment: The rebound appears driven partly by sector positioning rather than a new earnings report: investors are selectively buying software companies that had been hurt by fears that generative AI could reduce demand for traditional applications. Adobe’s shares remain well below their 52-week high, leaving room for a valuation-driven recovery but also signaling unresolved concerns. Adobe and Software Stock Rebound
• Negative Sentiment: Risks remain from AI-native tools such as Claude and Gemini, which could challenge Adobe’s app-based model and pressure growth. The stock has also lagged the broader market over longer periods, so investors will likely need evidence that AI monetization can accelerate revenue and recurring annual revenue growth. Adobe App-less AI Competition

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction dated 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 owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the transaction, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,416 shares of company stock valued at $31,454,466 over the last three months. Insiders own 0.20% of the company’s stock.

About Adobe

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.