Adobe Inc. $ADBE Stock: Greenleaf Trust Trims Stake

Key Points

• Greenleaf Trust cut its Adobe stake by 85.3% in the third quarter, selling 38,469 shares and retaining 6,625 shares valued at about $1.59 million.
• Adobe beat quarterly estimates, reporting $6.13 EPS and $6.76 billion in revenue; revenue rose 12.9% year over year. The company also issued fiscal 2026 EPS guidance of $24.45–$24.50.
• Analyst sentiment was mixed, with a consensus “Hold” rating and average price target of $283.90. The article also notes concerns about softer recurring-revenue trends and AI-driven competition.

Greenleaf Trust trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 85.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,625 shares of the software company's stock after selling 38,469 shares during the quarter. Greenleaf Trust's holdings in Adobe were worth $1,590,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Adobe during the 2nd quarter valued at $8,437,821,000. Primecap Management Co. CA acquired a new stake in shares of Adobe in the 2nd quarter worth $1,071,668,000. Bank of New York Mellon Corp purchased a new position in Adobe during the 2nd quarter worth $954,468,000. Deutsche Bank AG purchased a new position in Adobe during the 2nd quarter worth $750,203,000. Finally, Legal & General Group Plc purchased a new position in Adobe during the 2nd quarter worth $653,307,000. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction on 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 transaction, the chief executive officer owned 238,724 shares of the company's stock, valued at approximately $59,578,348.68. The trade was 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 link. Corporate insiders own 0.20% of the company's stock.

Adobe Stock Down 2.1%

Adobe stock opened at $246.14 on Wednesday. The business's 50-day moving average price is $253.29 and its 200 day moving average price is $250.40. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $95.80 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $362.71.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results 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. 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 company posted $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. As a group, sell-side analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on ADBE shares. Stifel Nicolaus upped their target price on Adobe from $200.00 to $225.00 and gave the company a "hold" rating in a research report on Wednesday, September 9th. Barclays raised their price target on Adobe from $250.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, September 3rd. Evercore set a $250.00 price target on Adobe in a research note on Friday, September 11th. Wells Fargo & Company downgraded shares of Adobe from an "overweight" rating to an "underweight" rating and cut their price objective for the company from $270.00 to $225.00 in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. cut their price objective 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. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $283.90.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing licensed music from Universal Music Group and Warner Music Group to Premiere mobile. The added music catalog could make the video-editing app more useful and attractive to creators, though the reports did not describe a financial contribution. Forbes article on Adobe’s music deals
• Neutral Sentiment: Analyst views remain split: some see potential in Adobe’s freemium offerings and AI, while others are wary of softer annual recurring revenue (ARR) trends and competition. A compiled fair-value estimate was trimmed from $275.06 to $268.30, suggesting somewhat less estimated upside. Analyst views on Adobe fair value
• Negative Sentiment: Investors may be concerned that AI could challenge Adobe’s competitive edge, as new AI tools and software alternatives raise questions about the durability of its business and pricing power. This concern adds to pressure from competition and softer ARR trends. Article on AI and Adobe’s competitive edge

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.

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