Kestra Investment Management LLC Makes New Investment in Adobe Inc. $ADBE

Kestra Investment Management LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,430 shares of the software company’s stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of Adobe by 2.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after purchasing an additional 43 shares in the last quarter. Meridian Management Co. grew its holdings in shares of Adobe by 0.3% during the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock worth $3,705,000 after buying an additional 44 shares in the last quarter. Brown Shipley& Co Ltd grew its holdings in shares of Adobe by 28.8% during the first quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after buying an additional 44 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Adobe by 4.0% during the third quarter. Pzena Investment Management LLC now owns 1,138 shares of the software company’s stock worth $273,000 after buying an additional 44 shares in the last quarter. Finally, United Bank grew its holdings in shares of Adobe by 1.4% during the first quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the business’s 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 transaction, the chief executive officer directly owned 289,224 shares in the company, valued at $72,757,189.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Adobe Price Performance

Shares of ADBE opened at $237.60 on Thursday. The company has a market cap of $92.47 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.83 and a beta of 1.37. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $362.71. The company’s fifty day simple moving average is $248.07 and its 200 day simple moving average is $248.70. 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 posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, research analysts forecast that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BTIG Research restated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Evercore set a $250.00 price target on shares of Adobe in a research note on Friday, September 11th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $282.52.

More Adobe News

Here’s some of the latest news about ADBE:

• Positive Sentiment: At Adobe MAX, the company announced AI assistants and agentic features across Creative Cloud and Firefly, including tools for image and video workflows. These features could strengthen Adobe’s products and help it capture demand for AI-enabled creative software, though commercial impact will depend on customer adoption. Article: Adobe adds AI assistants and generative tools across Creative Cloud
• Positive Sentiment: RBC reaffirmed its “outperform” rating and set a $315 price target, indicating analyst confidence in potential upside from the referenced $237.60 price. Article: Royal Bank of Canada recommendations
• Positive Sentiment: Investor Michael Burry reportedly increased his Adobe position, a signal of confidence in the stock’s value prospects. Article: Michael Burry’s portfolio

Adobe Company Profile

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.