Adobe Inc. $ADBE Stock Position Lowered by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 31.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,029 shares of the software company’s stock after selling 3,677 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Adobe were worth $1,926,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Cyndeo Wealth Partners LLC grew its holdings in shares of Adobe by 2.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after buying an additional 43 shares in the last quarter. Meridian Management Co. lifted its stake in Adobe by 0.3% in the 1st quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock worth $3,705,000 after acquiring an additional 44 shares in the last quarter. Brown Shipley& Co Ltd lifted its stake in Adobe by 28.8% in the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after acquiring an additional 44 shares in the last quarter. United Bank lifted its stake in Adobe by 1.4% in the 1st quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after acquiring an additional 49 shares in the last quarter. Finally, Drystone LLC boosted its position in Adobe by 0.5% during the 2nd quarter. Drystone LLC now owns 10,420 shares of the software company’s stock worth $2,136,000 after acquiring an additional 50 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

ADBE opened at $263.82 on Friday. The stock has a market cap of $102.68 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.92 and a beta of 1.42. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $363.70. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $255.83 and a 200 day moving average price of $243.54.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping the consensus estimate 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%. The business’s 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 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. Analysts forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

More 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.

Analyst Ratings Changes

Several equities analysts have weighed in on ADBE shares. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. DA Davidson increased their price target on shares of Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Jefferies Financial Group decreased their price target on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a report on Friday, September 11th. JPMorgan Chase & Co. lowered their price objective on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Finally, Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Nine research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $283.90.

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 74,500 shares of the firm’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 transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 125,416 shares of company stock worth $31,454,466 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Adobe 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.