Adobe Inc. $ADBE Stock: Avantax Planning Partners Inc. Cuts Stake

Avantax Planning Partners Inc. lessened its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 81.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,276 shares of the software company's stock after selling 5,671 shares during the period. Avantax Planning Partners Inc.'s holdings in Adobe were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADBE. Investment Research & Advisory Group Inc. raised its stake in shares of Adobe by 185.7% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Security National Bank of Sioux City Iowa IA bought a new stake in Adobe during the second quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Adobe during the second quarter worth approximately $28,000. Latitude Advisors LLC acquired a new position in Adobe during the third quarter valued at approximately $29,000. Finally, North Point Portfolio Managers Corp OH acquired a new position in Adobe during the third quarter valued at approximately $30,000. 81.79% of the stock is currently owned by institutional investors.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Disney selected Adobe as its AI innovation partner in a multiyear deal to co-develop custom AI models for Disney’s creative and media operations. The collaboration is expected to use Adobe Firefly across areas including studio production, parks and cruises, offering a prominent customer endorsement and potential expansion of Adobe’s enterprise AI business. Reuters article
• Positive Sentiment: Adobe is expanding the reach of its CX Enterprise Coworker by making it available within platforms including ChatGPT, Claude, Gemini for business, Microsoft Copilot and Databricks Genie. Wider distribution could support adoption of Adobe’s AI tools by marketing teams. Yahoo Finance article
• Neutral Sentiment: Adobe’s MAX event generated additional AI, photo and video product coverage, but the provided reports do not specify details that clearly change the near-term earnings outlook. CNET article
• Negative Sentiment: Citi downgraded Adobe to Sell, warning that expectations for fiscal 2027 growth may be too high. That outlook could weigh on investor sentiment despite the partnership news. The Motley Fool article

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $237.32 on Tuesday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $362.71. The company has a market cap of $92.36 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.87 and a beta of 1.37. The business's 50 day moving average is $250.16 and its two-hundred day moving average is $249.33. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the business earned $5.31 earnings per share. 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, equities analysts expect that Adobe Inc. will post 20.01 EPS for the current year.

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the completion of the sale, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Mizuho set a $260.00 price target on shares of Adobe and gave the company a "neutral" rating in a research report on Tuesday, September 8th. HSBC downgraded shares of Adobe from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $310.00 to $267.00 in a report on Tuesday, October 13th. BTIG Research reiterated a "neutral" rating on shares of Adobe in a research note on Friday, September 11th. Jefferies Financial Group dropped their target price on shares of Adobe from $285.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, September 11th. Finally, CLSA started coverage on shares of Adobe in a report on Monday, July 20th. They issued an "outperform" rating and a $300.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $282.52.

Adobe Company Profile

Adobe Inc develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world.

Adobe's Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.

Through its Digital Experience business, Adobe provides tools for managing digital marketing, customer experiences, analytics and commerce.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.