Adobe Inc. $ADBE Stock Sold by Trek Financial LLC

Key Points

• Trek Financial LLC cut its Adobe stake by 32.8% in the third quarter, selling 20,916 shares and retaining 42,810 shares valued at approximately $10.3 million. Institutional investors collectively own 81.79% of Adobe.
• Adobe exceeded quarterly expectations, reporting $6.13 in adjusted EPS and $6.76 billion in revenue, up 12.9% year over year. The company issued fiscal 2026 EPS guidance of $24.45–$24.50.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $283.90; Adobe shares recently opened at $250.23.

Trek Financial LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 32.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,810 shares of the software company's stock after selling 20,916 shares during the period. Trek Financial LLC's holdings in Adobe were worth $10,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADBE. Bank Julius Baer & Co. Ltd Zurich lifted its position in Adobe by 6.6% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 27,892 shares of the software company's stock worth $6,693,000 after buying an additional 1,735 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in Adobe by 3.0% during the third quarter. Hennessy Advisors Inc. now owns 9,682 shares of the software company's stock worth $2,323,000 after buying an additional 284 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Adobe during the third quarter worth $70,945,000. Aviance Capital Partners LLC increased its position in Adobe by 3.9% during the third quarter. Aviance Capital Partners LLC now owns 11,565 shares of the software company's stock valued at $2,775,000 after acquiring an additional 433 shares during the last quarter. Finally, Stevens Capital Partners bought a new position in Adobe during the third quarter valued at $314,000. 81.79% of the stock is currently owned by institutional investors.

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 289,224 shares in the company, valued at $72,757,189.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Performance

ADBE stock opened at $250.23 on Monday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $362.71. The firm's 50-day moving average is $254.37 and its 200 day moving average is $250.98. The company has a market capitalization of $97.39 billion, a PE ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42. 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 (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.69 billion. During the same period in the previous year, the company earned $5.31 EPS. The firm's quarterly revenue was up 12.9% on a year-over-year basis. 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, research analysts anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Adobe from $225.00 to $255.00 and gave the stock a "neutral" rating in a report on Friday, September 11th. JPMorgan Chase & Co. cut their price target 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. BTIG Research reissued a "neutral" rating on shares of Adobe in a research report on Friday, September 11th. TD Cowen reissued a "hold" rating and issued a $245.00 price objective on shares of Adobe in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group dropped their target price on Adobe from $285.00 to $275.00 and set a "hold" rating for the company in a research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $283.90.

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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