Adobe Inc. $ADBE Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Adobe Inc. (NASDAQ:ADBE) by 9.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,310 shares of the software company’s stock after selling 3,215 shares during the period. Profund Advisors LLC’s holdings in Adobe were worth $7,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Investment Research & Advisory Group Inc. boosted its holdings in Adobe by 185.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Dunhill Financial LLC acquired a new position in Adobe in the 2nd quarter valued at about $95,000. Latitude Advisors LLC purchased a new position in shares of Adobe during the 3rd quarter worth $29,000. North Point Portfolio Managers Corp OH acquired a new position in Adobe during the third quarter worth $30,000. Finally, Bullock Wealth Management Group grew its holdings in shares of Adobe by 468.2% in the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock valued at $30,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value 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 trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Adobe Price Performance

NASDAQ ADBE opened at $250.23 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71. The company has a 50 day moving average price of $254.37 and a two-hundred day moving average price of $250.98. 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 capitalization of $97.39 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last 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. As a group, equities analysts predict that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ADBE shares. Weiss Ratings upgraded shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Robert W. Baird boosted their target price 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. Evercore set a $250.00 price objective on Adobe in a report on Friday, September 11th. BTIG Research restated a “neutral” rating on shares of Adobe in a report on Friday, September 11th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, Adobe currently has an average rating of “Hold” and an average price target of $283.90.

Key Stories Impacting Adobe

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

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.