Professional Advisory Services Inc. Sells 4,191 Shares of Adobe Inc. $ADBE

Professional Advisory Services Inc. lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,696 shares of the software company’s stock after selling 4,191 shares during the quarter. Adobe accounts for approximately 1.7% of Professional Advisory Services Inc.’s portfolio, making the stock its 26th largest position. Professional Advisory Services Inc.’s holdings in Adobe were worth $14,803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Meridian Management Co. raised 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 valued at $3,705,000 after purchasing an additional 44 shares during the period. Brown Shipley& Co Ltd raised its stake in Adobe by 28.8% during the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after buying an additional 44 shares during the period. United Bank boosted its holdings in Adobe by 1.4% in the first 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. GFS Advisors LLC increased its holdings in shares of Adobe by 0.3% during the fourth quarter. GFS Advisors LLC now owns 19,769 shares of the software company’s stock valued at $6,919,000 after acquiring an additional 50 shares in the last quarter. Finally, Drystone LLC raised its position in shares of Adobe by 0.5% during the second quarter. Drystone LLC now owns 10,420 shares of the software company’s stock worth $2,136,000 after purchasing an additional 50 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 3.6%

ADBE traded up $8.28 during mid-day trading on Thursday, reaching $241.05. 5,797,922 shares of the stock were exchanged, compared to its average volume of 5,753,341. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $363.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $93.82 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.42. The company has a 50 day moving average price of $258.36 and a two-hundred day moving average price of $242.88.

Adobe (NASDAQ:ADBE) last released its quarterly 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. 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 analysts’ expectations of $6.69 billion. During the same period in the previous year, the company earned $5.31 earnings per share. The firm’s revenue for the quarter 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 anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Analyst Ratings Changes

ADBE has been the subject of several research reports. Mizuho set a $260.00 price target on shares of Adobe in a research report on Tuesday, September 8th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Barclays lifted their price objective on shares of Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. lowered their target price on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Finally, Evercore set a $250.00 price target on Adobe in a research note on Friday, September 11th. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $282.68.

Insider Buying and Selling

In other news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the sale, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. The trade was a 17.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the 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 transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 125,416 shares of company stock valued at $31,454,466 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Technical recovery interest: Adobe’s extended selloff and position below several key moving averages may be attracting investors looking for a potential rebound. What’s Going On With Adobe Stock Thursday?
• Positive Sentiment: NHL marketing partnership: Adobe became the National Hockey League’s official Creative, Marketing and AI Partner, giving its customer-experience products and Firefly generative-AI tools exposure to the league’s global audience. The deal could support brand visibility and enterprise adoption, although its near-term financial impact is unclear. Adobe Joins The NHL
• Neutral Sentiment: Solid fundamentals versus AI concerns: Analysts highlighted Adobe’s profitability, cash generation and continued double-digit revenue growth, but investors remain focused on whether growth can hold up as AI competition intensifies. Are Strong Fundamentals Enough to Overcome AI Fears?
• Negative Sentiment: Immigration-program suspension: The U.S. Labor Department suspended Adobe from the Permanent Labor Certification program, which supports green-card applications for skilled foreign workers, citing alleged abuse. The action could create hiring and compliance uncertainty, though the immediate financial effect is not yet clear. U.S. Suspends Adobe From Green-Card Labor Program
• Negative Sentiment: Ongoing investor concerns: Despite recent earnings and revenue beats, the market continues to question Adobe’s underlying growth momentum, AI competitive position and upcoming CEO transition. Reported insider activity has also been dominated by sales rather than purchases. Adobe Shares Slide as Investors Digest Softer Growth Concerns

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.