Adobe Inc. $ADBE Stock Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its position in Adobe Inc. (NASDAQ:ADBE) by 129.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,707 shares of the software company’s stock after acquiring an additional 2,091 shares during the period. Soltis Investment Advisors LLC’s holdings in Adobe were worth $889,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Adobe during the second quarter worth about $8,437,821,000. Johnson Financial Group Inc. acquired a new stake in shares of Adobe during the second quarter worth about $2,289,000. Biondo Investment Advisors LLC acquired a new stake in shares of Adobe during the second quarter worth about $2,647,000. Summit Global Investments purchased a new position in shares of Adobe in the second quarter valued at approximately $1,401,000. Finally, Tejara Capital Ltd purchased a new position in shares of Adobe in the second quarter valued at approximately $3,461,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about 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 Stock Performance

NASDAQ:ADBE opened at $250.23 on Friday. The firm 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. The business’s fifty day moving average price is $254.37 and its 200 day moving average price is $250.98. 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 $362.71.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (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 return on equity of 65.65% and a net margin of 28.05%. Adobe’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business 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. On average, sell-side analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADBE. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. TD Cowen reiterated a “hold” rating and set a $245.00 target price on shares of Adobe in a report on Wednesday, September 9th. BMO Capital Markets raised their price target on shares of Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research report on Friday, September 11th. BTIG Research restated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Finally, Mizuho set a $260.00 price target on shares of Adobe and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Nine analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $283.90.

Insider Activity at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

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.