Adobe Inc. $ADBE Stock: HBW Advisory Services LLC Lowers Stake

HBW Advisory Services LLC lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 24.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,087 shares of the software company’s stock after selling 2,287 shares during the quarter. HBW Advisory Services LLC’s holdings in Adobe were worth $1,700,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Adobe during the 2nd quarter valued at $8,437,821,000. Arrowstreet Capital Limited Partnership boosted its position 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 valued at $1,651,066,000 after buying an additional 563,772 shares during the period. Amundi boosted its position in Adobe by 11.0% during the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after buying an additional 518,362 shares during the period. Primecap Management Co. CA bought a new stake in Adobe in the 2nd quarter worth $1,071,668,000. Finally, Invesco Ltd. grew its holdings in Adobe by 6.2% in the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after acquiring an additional 297,337 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The shares were 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 of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the transaction, the chief executive officer 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 a total of 125,416 shares of company stock worth $31,454,466 in the last ninety days. 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 bullish case centers on its high-margin subscription platform, strong free-cash-flow generation, and the potential for Firefly and GenStudio to convert AI adoption into sustained revenue growth. Supporters argue the selloff has left ADBE valued well below historical levels despite continued business execution. Adobe versus ADSK and CRM
• Positive Sentiment: Recent coverage highlights record quarterly revenue, raised full-year targets, more than one billion monthly active users, and triple-digit growth in AI-related revenue. Those metrics suggest Adobe’s AI products may be expanding the platform rather than immediately undermining its core Creative Cloud business. Adobe valuation and AI growth
• Neutral Sentiment: Adobe’s appearance in Semrush’s AI Visibility Index indicates that its brand and products remain discoverable across AI platforms, although the development does not yet provide clear evidence of incremental sales or market-share gains. Adobe AI search visibility
• Negative Sentiment: HSBC downgraded Adobe from Buy to Hold, citing rising disruption risks from AI-generated software and open-source competitors, including free alternatives that could pressure pricing and customer retention. HSBC downgrade of Adobe
• Negative Sentiment: Analysts and technology coverage question Adobe’s free-user strategy, pricing flexibility, and ability to defend its franchise during an upcoming CEO transition. Reports of AI-built and open-source Creative Cloud alternatives reinforce concerns that customers may increasingly avoid paying for Adobe’s full suite. Adobe freemium strategy concerns

Adobe Stock Performance

Shares of ADBE stock opened at $240.68 on Thursday. The firm has a market capitalization of $93.67 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.82 and a beta of 1.42. The stock has a fifty day moving average of $257.14 and a 200 day moving average of $242.83. 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.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the firm earned $5.31 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. 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, research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the topic of a number of analyst reports. DA Davidson boosted their price objective on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Citigroup reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. BMO Capital Markets increased their target price on shares of Adobe from $230.00 to $270.00 and gave the stock a “market perform” rating in a report on Friday, September 11th. Barclays raised their target price on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average target price of $283.90.

Adobe Company Profile

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.