Adobe Inc. $ADBE Stock Sold by Ledyard National Bank

Ledyard National Bank lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 82.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,446 shares of the software company’s stock after selling 11,458 shares during the period. Ledyard National Bank’s holdings in Adobe were worth $587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. BlackRock Inc. purchased a new position in shares of Adobe during the second quarter worth $8,437,821,000. Arrowstreet Capital Limited Partnership lifted its stake in Adobe by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after acquiring an additional 563,772 shares in the last quarter. Amundi grew its position in Adobe by 11.0% in the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after acquiring an additional 518,362 shares in the last quarter. Primecap Management Co. CA acquired a new position in Adobe in the 2nd quarter valued at about $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Adobe by 0.4% during the second 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 purchasing an additional 18,995 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 is accessible through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 125,416 shares of company stock valued at $31,454,466. Corporate insiders own 0.20% of the company’s stock.

Key Adobe News

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.

Wall Street Analyst Weigh In

ADBE has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a research report on Monday, September 14th. Weiss Ratings upgraded shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. 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. Stifel Nicolaus upped their target price on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. Finally, Bank of America increased their target price on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a report on Wednesday, August 19th. 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 stock. According to MarketBeat, Adobe currently has an average rating of “Hold” and an average target price of $283.90.

Adobe Trading Down 2.5%

ADBE opened at $263.82 on Friday. The business has a fifty day moving average price of $255.83 and a 200 day moving average price of $243.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $363.70. The stock has a market capitalization of $102.68 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.94 and a beta of 1.42.

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, beating analysts’ consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. Adobe’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company 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. Sell-side analysts expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

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.