Adobe Inc. $ADBE Stock Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson reduced its Adobe stake by 22.6% in the third quarter, selling 9,078 shares and retaining 31,003 shares valued at $7.44 million. Institutional investors collectively own 81.79% of Adobe.
• Analyst sentiment remains mixed: Adobe has an average “Hold” rating, with nine Buy, 20 Hold, and seven Sell ratings and an average price target of $283.90.
• Adobe exceeded its latest earnings and revenue expectations, but investors remain focused on whether AI initiatives can generate meaningful revenue while defending the company’s core creative-software business from competition.

D.A. Davidson & CO. cut its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 22.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,003 shares of the software company's stock after selling 9,078 shares during the quarter. D.A. Davidson & CO.'s holdings in Adobe were worth $7,439,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. lifted its position in 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 purchased a new stake in Adobe in the 2nd quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Adobe during the 2nd quarter valued at approximately $28,000. Latitude Advisors LLC bought a new position in shares of Adobe during the 3rd quarter valued at approximately $29,000. Finally, North Point Portfolio Managers Corp OH purchased a new position in shares of Adobe during the third quarter valued at approximately $30,000. Institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ADBE shares. Barclays raised their price objective on Adobe from $250.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, September 3rd. Bank of America raised their price target on Adobe from $190.00 to $220.00 and gave the stock an "underperform" rating in a report on Wednesday, August 19th. CLSA assumed coverage on Adobe in a research note on Monday, July 20th. They set an "outperform" rating and a $300.00 price target on the stock. UBS Group upped their price objective on shares of Adobe from $225.00 to $255.00 and gave the company a "neutral" rating in a report on Friday, September 11th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Adobe in a research report on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe presently has an average rating of "Hold" and an average price target of $283.90.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the firm's 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 sale, the chief executive officer directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Key Headlines Impacting 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 Up 0.9%

Shares of ADBE opened at $250.23 on Friday. 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 company has a market capitalization of $97.39 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The stock has a fifty day simple moving average of $254.37 and a two-hundred day simple moving average of $250.98. 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 released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping analysts' consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.69 billion. During the same period in the prior year, the business posted $5.31 EPS. The company's revenue 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, equities analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.

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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