Chiron Capital Management LLC Sells 4,600 Shares of Adobe Inc. $ADBE

Key Points

• Chiron Capital Management cut its Adobe stake by 34.5%, selling 4,600 shares and retaining 8,720 shares valued at approximately $2.09 million. Adobe remains the firm’s ninth-largest holding, representing about 1.9% of its portfolio.
• Adobe reported quarterly earnings and revenue above analyst expectations, with revenue rising 12.9% year over year. The company issued fiscal 2026 guidance of approximately $26.5 billion–$26.6 billion in revenue and roughly $24.35–$24.45 in non-GAAP EPS.
• Adobe shares recently traded near $250, while analyst sentiment remained mixed, resulting in a consensus “Hold” rating and an average price target of $283.90. Institutional investors own approximately 81.79% of the stock, while insiders have sold more than 125,000 shares over the past three months.

Chiron Capital Management LLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 34.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,720 shares of the software company's stock after selling 4,600 shares during the quarter. Adobe accounts for approximately 1.9% of Chiron Capital Management LLC's holdings, making the stock its 9th largest position. Chiron Capital Management LLC's holdings in Adobe were worth $2,092,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer 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 filing with the SEC, which is available through this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 125,416 shares of company stock valued at $31,454,466. 0.20% of the stock is owned by corporate insiders.

Adobe Price Performance

Shares of Adobe stock traded up $9.31 on Thursday, hitting $250.00. 2,989,069 shares of the company traded hands, compared to its average volume of 5,701,667. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $363.70. The business has a 50-day simple moving average of $257.14 and a 200 day simple moving average of $242.83. 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 $97.30 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its 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. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter 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. Research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investors may be giving greater weight to Adobe’s latest results, which exceeded consensus estimates for revenue and earnings, alongside fiscal 2026 guidance calling for approximately $26.5 billion-$26.6 billion in revenue and non-GAAP EPS of roughly $24.35-$24.45. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: An expanded partnership with Heathrow Airport involving agentic AI and customer-experience tools provides evidence that Adobe’s AI products are attracting large enterprise customers, supporting the case that Firefly and GenStudio can contribute to future growth. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: Adobe’s high margins, strong cash-flow generation, double-digit revenue growth, and comparatively lower valuation may be encouraging dip-buying after the stock’s recent weakness. Capitalizing on Adobe’s High-Margin Platform and Free Cash Flow Generation

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ADBE shares. Morgan Stanley reaffirmed an "underweight" rating on shares of Adobe in a report on Friday, September 11th. Weiss Ratings upgraded shares of Adobe from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, September 1st. BTIG Research reissued a "neutral" rating on shares of Adobe in a research note on Friday, September 11th. Evercore set a $250.00 price objective on shares of Adobe in a research report on Friday, September 11th. Finally, Sanford C. Bernstein lowered their target price on shares of Adobe from $379.00 to $373.00 and set an "outperform" rating on the stock in a research note on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, Adobe has a consensus rating of "Hold" and a consensus price target of $283.90.

Adobe 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.

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